Best ways to trade: Western Digital Corporation

Ticker: WDC
Asset type: Stocks
Last updated: Saturday, March 02, 2024 at 08:00 AM

Follow the section below to learn how to trade. Remember that past results are not necessarily indicative of future results. Learn more in the disclaimer. Pine Script™ is registered by TradingView Inc, for more info click here.

How easy it is to trade Western Digital Corporation

Let’s start with a general overview of the asset to understand how it has performed in the past. This section compares how the traders perform, analyzing those we monitor. The most critical data are the max return from the best trader, how many are profitable, and our score, which measures how much is easy compared to other assets of the same type.

Traders results for Western Digital Corporation (WDC)
WTT easy score
This indicator expresses how easy it was to trade in the last week

Let’s analyze the details of what happened:

Active Traders
103 of 3840
Traders still trading this asset

How many traders are trading Western Digital Corporation?

The strategies of 3840 traders are under continuous monitoring. As of 02-03-2024, 103 traders were still involved in Western Digital Corporation trading. This indicates that Western Digital Corporation is a less popular asset.
All time return
Highest return between our traders

What was the best return trading Western Digital Corporation?

When analysing 103 traders, we found the best return to be 15.09% on Western Digital Corporation.
Profitable traders
How many are profitable

How many traders are profittable day trading Western Digital Corporation?

At the moment 5.21% of the traders are creating some profit from their strategies.
Best Trading Strategy
The most effective trading strategy

Which day trading strategy is the most efective for Western Digital Corporation?

In the last period Momentum has been the most effective trading strategy.

If you don’t know what a trading strategy is, please check the training section(Trading Strategies).

Traders attitude
Traders attitude in the last 7 days

What is the opinion of traders on the value of Western Digital Corporation?

The current attitude of the investors regarding the asset is risk-on.

Best trading strategy for Western Digital Corporation (BETA)

In this section, we are going to detail the trading strategy that is currently the most effective. Please refer to the training (trading strategies) section for more information. This strategy is created by analyzing thousands of strategies and combining the best features to form a new, optimized approach. We advise that this new feature is currently in BETA testing phase (Hazel AI system). Please be aware of its experimental nature and potential for unexpected issues or limited functionality.

Strategy Class
Current best
Annual return
Estimated of the annual return
Time scale
Current best
Win Trades
% win trades
Num trades
Trades executed
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Download the strategy for Western Digital Corporation

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Let’s analyze the details of the strategy: 


Explore the following key trading indicators that can help analyze price movements and guide trading decisions for Western Digital Corporation.
First indicator

Best lagging indicator for Western Digital Corporation

 The first indicator is the most important for a strategy; what you find here are the parameters that must be used operationally.

Second indicator

Best leading indicator for Western Digital Corporation

 The second indicator is also quite important for a strategy; Using two technical indicators in a strategy provides more confirmation and reduces false signals, leading to improved decision-making and potentially higher accuracy in identifying market trends and entry/exit points.

Macro Indicator
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Best macro indicator for Western Digital Corporation

The third indicator focus on economic, financial, or geopolitical factors that impact asset prices. Fundamental indicators may include interest rates, economic growth, earnings reports, and news events. 

Entry point strategy

Discover potential entry points for Western Digital Corporation.
Main entry strategy
RSI < 20 and MACD > signal
The current best strategy for entry

Technical indicator entry strategy for Western Digital Corporation

When combining indicators in a trading strategy for entry points, one approach is to look for convergence or agreement between multiple indicators. For example, if both the moving average crossover and the relative strength index (RSI) indicate a bullish signal, it strengthens the likelihood of a successful trade. This convergence provides more confidence in the entry point and increases the probability of a favorable outcome.

Other entry strategy
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Other entry strategy for Western Digital Corporation

Available only in the premium version.

Alerts to monitor
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Alerts to monitor for Western Digital Corporation

Available only in the premium version.

Exit point strategy

Discover potential exit points for Western Digital Corporation.
Main exit strategy
RSI > 69 and MACD < signal
The current best strategy for exit

Best exit strategy for Western Digital Corporation

here you can find the detail for Implement an effective exit strategy for Western Digital Corporation.
Alerts to monitor
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Alerts to monitor for Western Digital Corporation

Available only in the premium version.

Trading guide for Western Digital Corporation

WTT score
We will analyze the conditions for the trading of Western Digital Corporation, focusing on key aspects such as trading ease, price volatility, and the current market trend. The asset is demonstrating a vigorous upward momentum, indicative of a strong market rally. Western Digital Corporation provides a moderate degree of trading ease, warranting consideration. The Western Digital Corporation is subject to sharp and frequent price changes. Taking all the aforementioned factors into account, it’s evident that engaging in trade with Western Digital Corporation is reasonably advised.
– The equilibrium between risk and reward is conducive to strategic investments.

– Ascending trends coupled with investor enthusiasm foretell a bountiful market.

– Sharp upward trends could signal overvalued market conditions.

Trend analysis

This section lists the main factor or risks of trading this product. Like the previous insights, we use data from our traders to analyze the risk factor of the asset. The most crucial point is how many traders are in green; a percentage below 20% indicates an investment that is very difficult to trade. 

Trend analysis for Western Digital Corporation (WDC)

Market regimes are periods of persistent market conditions. They affect the relevance of investment factors and the success of trading strategies. 

How long the situation will stay similar for Western Digital Corporation?

Within this section, we analyze the likelihood of market conditions enduring for Western Digital Corporation.The current market sentiment is risk on. Over the past few weeks, the market has experienced an oscillation of 0.80 points, exhibiting a upward trend over 37855 periods. This suggests a relatively long-lasting market regime. The market has exhibited substantial price fluctuations, highlighting upward momentum that may present profitable investment opportunities.
How long is lasting?
249 Days
The number of days this trend is lasting

How long this trend is lasting for Western Digital Corporation?

Alerts and risk factors

These are factors that can potentially change the perception of the stock. These factors can lead to a change in the regime. Please refer to the training section for more information.

Risk factor 1

Headline Risk
Type: News

What is the main risk factor for Western Digital Corporation?

Risk factor 2

Reputation risk
Type: News

What is the second most important factor for Western Digital Corporation?

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