Momentum shift in $WDAY with buyers targeting $150–$155 next
$Workday(WDAY)$
Workday, Inc.(WDAY) Jumps +7.16%: Strong Rebound from Support, Eyes on $150
Latest Close Data
Closed at $143.61 on Mar 3, up +7.16% ($+9.60). This marks a significant recovery, now trading 48% below its 52-week high of $276.00.
Core Market Drivers
The stock rebounded strongly from its recent support level. The positive price action coincides with a notable shift in capital flow, turning net positive on the last trading day after a series of outflows, indicating renewed buying interest.
Technical Analysis
-
The rally was supported by solid volume (6.86M shares, Volume Ratio 0.59).
-
The MACD histogram turned positive to 3.46, signaling strengthening bullish momentum.
-
The 6-day RSI jumped to 58.97, moving out of oversold territory and suggesting room for further upside.
Key Price Levels
-
Primary Support: $132.76 (recent low, successfully defended).
-
Immediate Pivot: $143.76 (today's high & recent resistance).
-
Strong Resistance: ~$150.00 (psychological level & next technical barrier).
Valuation Perspective
Forward P/E of 12.73 is significantly below its historical average of 33.50 and near the lower bound of its range, suggesting the stock may be undervalued relative to its own history.
Analyst Targets
37 analysts have an average price target of $192.12 (33% upside). Sentiment is bullish with 8 Strong Buys, 19 Buys, and 15 Holds.
Weekly Outlook
Expect consolidation near the $144 pivot. A confirmed break above could target the $150-$155 zone. Failure to hold above $140 may see a retest of the $133 support.
For SG users only, Welcome to open a CBA today and enjoy access to a trading limit of up to SGD 20,000 with unlimited trading on SG, HK, and US stocks, as well as ETFs.
🎉Cash Boost Account Now Supports 35,000+ Stocks & ETFs – Greater Flexibility Now
Find out more here.
Complete your first Cash Boost Account trade with a trade amount of ≥ SGD1000* to get SGD 688 stock vouchers*! The trade can be executed using any payment type available under the Cash Boost Account: Cash, CPF, SRS, or CDP.
Other helpful links:
-
💰Join the TB Contra Telegram Group to Get $10 Trading Vouchers Now🎉
-
How to open a CBA. How to link your CDP account. Other FAQs on CBA. Cash Boost Account Website.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
