uploads///cache _

How Western Digital Stock Has Performed

By

Sep. 17 2018, Published 10:59 a.m. ET

Western Digital stock has fallen 27.5% this year

Western Digital (WDC) stock has fallen 27.5% in 2018, and the stock is currently trading at $56.96, which is 6% above WDC’s 52-week low of $53.61 and 47% below its 52-week high of $106.96. Western Digital stock has generated returns of -36% in the last 12 months, -11% in the last month, and -1.3% in the last five days. The stock rose almost 20% in 2017 after rising 17% in 2016.

In comparison, stocks of peer storage companies IBM (IBM), Seagate (STX), and Pure Storage (PSTG) have generated returns of -1.2%, 15.4%, and 79%, respectively, in 2018.

Article continues below advertisement

Moving averages

On September 14, WDC closed at $56.96. Based on that price, the stock was trading as follows:

  • 7% below its 100-day moving average of $61.11
  • 16% below its 50-day moving average of $68.00
  • 24% below its 20-day moving average of $74.93

Moving average convergence divergence

WDC’s 14-day MACD (moving average convergence divergence) is -2.94. A stock’s MACD is the difference between its short-term and long-term moving averages. A negative MACD indicates a downward trading trend.

WDC’s 14-day RSI (relative strength index) score of 27 suggests that it’s trading well into oversold territory. An RSI score of above 70 indicates that a stock has been overbought, while an RSI score of below 30 indicates that it has been oversold.

Advertisement

More From Market Realist