CHEWY INC - CLASS A (CHWY) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:CHWY - US16679L1098 - Common Stock
Taking everything into account, CHWY scores 0 out of 10 in our technical rating. CHWY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
CHWY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 34.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 32.45, a Stop Loss order could be placed below this zone.
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31.62
When analyzing the support we notice one important area.
- A support zone ranging from 31.94 to 32.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 34.00 to 35.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @40.58 from a trend line in the daily time frame.
- Resistance @43.43 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 | DOWN | NEGATIVE | The short term trend for CHWY is down. |
| ChartMill Relative Strength | 21.33 | NEGATIVE | CHWY has a low relative strength, it was outperformed by 78.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHWY is below a declining 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) | 43.27 | NEUTRAL | The RSI value for CHWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests CHWY has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.33 | OVERSOLD | The low Stochastics value suggests CHWY may be oversold. |
| Average True Range in percent/ATR (20) | 3.63 | MEDIUM VOLATILITY | The ATR as a percentage value for CHWY suggests some volalility. |
| Average Directional Index/ADX (14) | 18.33 | NEGATIVE | The low ADX value for CHWY suggests a weak or negative trend. |
32.49
+0.54 (+1.69%)
CHEWY INC - CLASS A / CHWY FAQ
What is the technical rating for CHWY stock?
ChartMill assigns a technical rating of 0 / 10 to CHWY.
Can you provide the trend direction for CHEWY INC - CLASS A?
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 43.2685. This indicates that the stock is currently neutral.
What is the short term momentum for CHEWY INC - CLASS A (CHWY) stock?
The short term momentum for CHEWY INC - CLASS A (CHWY) is negative.
What is the buy/sell signal for CHWY stock?
The buy/sell signal for CHEWY INC - CLASS A (CHWY) is sell as both the short term and long term trends are negative.