Workday, Inc. is a provider of enterprise cloud applications for finance and human resources. Co. provides approximately 10,000 organizations with software-as-a-service solutions to help solve business challenges, including supporting and empowering their workforce, managing their finances and spending in an ever-changing environment, and planning for the unexpected. Co. provides organizations with a unified system that can help them plan, execute, analyze, and extend to other applications and environments, thereby helping them continuously adapt how they manage their business and operations. Co. sells its solutions worldwide primarily through direct sales.
When researching a stock like Workday, many investors are the most familiar with Fundamental Analysis — looking at a company's balance sheet, earnings, revenues, and what's happening in that company's underlying business. Investors who use Fundamental Analysis to identify good stocks to buy or sell can also benefit from WDAY Technical Analysis to help find a good entry or exit point. Technical Analysis is blind to the fundamentals and looks only at the trading data for WDAY stock — the real life supply and demand for the stock over time — and examines that data in different ways. One of those ways is to calculate a Simpe Moving Average ("SMA") by looking back a certain number of days. One of the most popular "longer look-backs" is the WDAY 200 day moving average ("WDAY 200 DMA"), while one of the most popular "shorter look-backs" is the WDAY 50 day moving average ("WDAY 50 DMA"). A chart showing both of these popular moving averages is shown on this page for Workday. Comparing two moving averages against each other can be a useful visualization tool: by calculating the difference between the WDAY 200 DMA and the WDAY 50 DMA, we get a moving average convergence divergence indicator ("WDAY MACD"). The WDAY MACD chart, in conjunction with the chart of the moving averages, basically helps in visualizing how the moving averages are showing convergence (moving closer together), or divergence (moving farther apart). |
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Video: Technical Analysis