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Where Western Digital Stands next to Its Moving Averages in August

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Aug. 28 2017, Updated 9:06 a.m. ET

WDC’s stock returns

Since the start of 2017, Western Digital (WDC) stock has risen 30%, after rising 17.5% in 2016. The stock has generated returns of 3.9% in the past five trading days.

In the trailing-12-month period, WDC stock has risen 90%. In the past month, it has fallen 6.9%. Among Western Digital’s storage technology peers, NetApp (NTAP), Seagate (STX), and IBM (IBM) have generated returns of 11%, -3%, and -11%, respectively, in the trailing-12-month period.

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Moving averages

On August 23, 2017, Western Digital Systems closed the trading day at $88.31. Based on that stock price, the stock’s moving average comparisons are as follows:

  • 0.62% above its 100-day moving average of $87.76
  • 0.1% above its 50-day moving average of $88.22
  • 5.3% above its 20-day moving average of $83.86

Analyst recommendations

Of the 30 analysts tracking WDC, 25 gave the stock a “buy” recommendation, and five analysts recommended a “hold.” There were no “sell” recommendations from these analysts.

The analysts’ price target for WDC stock is $35.80, with a median target estimate of $36.00. The stock is now trading at a discount of 36% to the median analyst estimate.

MACD and RSI

Western Digital’s 14-day MACD (moving average convergence divergence) stands at -1.73. A stock’s MACD refers to the difference between its short-term and long-term moving averages. Because Western Digital’s MACD is a negative figure, this trend indicates a downward trading pattern.

Western Digital has a 14-day RSI (relative strength index) score of 59, which shows that the stock is trading closer to overbought territory. If an RSI is above 70, it indicates that a stock has been overbought, while an RSI below 30 suggests that a stock has been oversold.

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