WDAY - Workday: Falling Through The Floor (Technical Analysis)
2024-05-25 11:34:35 ET
Summary
- Workday's shares are in trouble as the company lowers guidance for subscription revenues due to macro trends affecting global corporates.
- Stock has been in a downtrend and dropped to around $220 after quarterly performances were released, times have clearly turned for WDAY once again.
- Long-term price histories suggest recent declines might be a precursor to further selling pressure, with the stock failing to maintain an uptrend channel once again - look out below.
Workday, Inc. (WDAY) shares appear to be in major trouble after the developer of payroll and human resources software lowered guidance for subscription revenues as macro trends for global corporates weigh on the company's performance outlook going forward....
Workday: Falling Through The Floor (Technical Analysis)