Western Digital Corporation (WDC)

Western Digital has had a huge run. Over the period we measured, the stock went from about $47 to about $396, a gain of roughly 736%. But the last few weeks have pulled it back, and the two timeframes are now telling different stories. That split is the most useful thing to understand about this chart right now.

The long-term picture

Zoom out to the weekly chart and the big picture is a strong uptrend. Price peaked at a closing high of about $746 and has since come down, so it now sits roughly 47% below that peak. Still, it remains about 1,200% above its lowest close in the period.

The swing points tell a more specific story. The most recent intraday high on the weekly chart was $495.49, set in mid-September. Price then made a higher low at $407.12 and a lower high at $475.66 before dropping to an intraday low of $331.81 in mid-October. That level is the key support on this chart. At the moment, price sits about 16% above it and about 25% below the $495.49 resistance.

In short, the long-term structure is still bullish in size, but the most recent swings have stepped lower, and the stock is sitting in the middle of its recent range rather than near the top.

The short-term picture

The daily chart is where the recent weakness shows up. Over the period, the stock fell about 24%, from a first close near $519 to $396. It is now about 26% below its highest close of $536 and about 19% above its lowest close of $332. In plain terms, it has been sliding and has not yet bounced back from the lows.

Daily momentum is pointing down, while the weekly trend is still up. These two views conflict, and the page should say so clearly rather than pick one. A stock can be in a long uptrend and still be in a short-term pullback, and that is what the charts appear to be showing here.

The nearest levels on the daily chart are support at $339.55, set in late October, and resistance at $477.75. The stock is about 14% above support and about 20% below resistance. The $331.81 low from mid-October sits just under that support and is worth watching as well.

What's driving it

The most recent earnings report, dated October 22, 2026, came in ahead of expectations, with a surprise of about 13%. The chart marks that date with a vertical line. Even so, the stock slid after hours, and the shares have fallen since. A beat that is followed by a drop is worth noting, because it suggests the market had already priced in good news or is focused on something else.

The headlines also point to a mixed backdrop. One story notes that a peer, Seagate, posted solid results but guided to a steep slowdown. Another says WDC shares rose along with a broader AI-sector rally, while a separate piece reports the stock slid after hours. There have also been analyst rating and price target changes, though the headlines do not give the specifics here.

What would change this

The read above would change if the stock breaks decisively below the $331.81 low from mid-October. That level is the weekly support, and a close below it would mean the recent lower swings are extending rather than holding, and the long-term structure would look weaker.

On the upside, a move back above the $477.75 daily resistance, and then above the $495.49 weekly swing high, would suggest the pullback is over and the stock is rebuilding its trend. Until one of those levels is decided, the two timeframes are likely to keep disagreeing.

Key takeaways

• Over the measured period, WDC rose from about $47 to about $396, though it is still roughly 47% below its peak close of about $746.
• The weekly chart is still in a long uptrend, with support near $331.81 and resistance near $495.49.
• The daily chart is pointing down, falling about 24% over the period, and it conflicts with the weekly trend.
• A beat on October 22 earnings did not stop the post-report slide, and the next key levels are $339.55 on the downside and $477.75 on the upside.