CHEWY INC - CLASS A (CHWY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHWY - US16679L1098 - Common Stock
We assign a technical rating of 1 out of 10 to CHWY. CHWY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, CHWY is a bad performer in the overall market: 79% of all stocks are doing better.
- CHWY is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
- In the last month CHWY has a been trading in the 30.82 - 34.85 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- CHWY has an average volume of 7582680 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- CHWY is an average performer in the Specialty Retail industry, it outperforms 44% of 121 stocks in the same industry.
CHWY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 32.67, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
31.12
2 important support areas can be observed.
- A support zone ranging from 32.16 to 32.67. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @31.43 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 33.27 to 33.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @34.67 from a horizontal line in the daily time frame.
- Resistance @35.38 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for CHWY is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHWY is neutral. |
| ChartMill Relative Strength | 21.85 | NEGATIVE | CHWY has a low relative strength, it was outperformed by 78.15% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHWY is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of CHWY is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHWY is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 49.88 | NEUTRAL | The RSI value for CHWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests CHWY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 60.56 | NEUTRAL | The Stochastics value for CHWY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.47 | MEDIUM VOLATILITY | The ATR as a percentage value for CHWY suggests some volalility. |
| Average Directional Index/ADX (14) | 12.98 | NEGATIVE | The low ADX value for CHWY suggests a weak or negative trend. |
32.97
-0.77 (-2.28%)
CHEWY INC - CLASS A / CHWY FAQ
What is the technical rating for CHWY stock?
ChartMill assigns a technical rating of 1 / 10 to CHWY.
What is the current trend direction of CHEWY INC - CLASS A (CHWY) stock?
The current trend direction for CHEWY INC - CLASS A (CHWY) is Bearish.
Can you provide the RSI signal for CHEWY INC - CLASS A?
CHEWY INC - CLASS A (CHWY) has an RSI value of 49.8806. This indicates that the stock is currently neutral.
What is the short term momentum for CHWY stock?
The short term momentum for CHEWY INC - CLASS A (CHWY) is neutral.
What are the support and resistance levels for CHEWY INC - CLASS A (CHWY) stock?
CHEWY INC - CLASS A (CHWY) has a support level at 32.67 and a resistance level at 33.27. Check the full technical report for our detailed analysis of CHWY support and resistance levels.