CHEWY INC - CLASS A (CHWY) Stock Technical Analysis
NYSE:CHWY - New York Stock Exchange, Inc. - US16679L1098 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to CHWY. CHWY was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
In the last month CHWY has a been trading in the 37.87 - 43.84 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Looking at the yearly performance, CHWY did better than 83% of all other stocks. On top of that, CHWY also shows a nice and consistent pattern of rising prices.
CHWY is one of the better performing stocks in the Specialty Retail industry, it outperforms 76% of 121 stocks in the same industry.
CHWY has an average volume of 7551840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
CHWY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CHWY is lagging the market.
CHWY has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.58
43.87
6 important support areas can be observed.
- A support zone ranging from 37.98 to 37.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @36.31 from a trend line in the weekly time frame.
- Support @35.20 from a trend line in the weekly time frame.
- Support @34.00 from a trend line in the daily time frame.
- Support @31.86 from a horizontal line in the daily time frame.
- Support @30.89 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @39.75 from a trend line in the daily time frame.
- A resistance zone ranging from 42.84 to 43.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for CHWY is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CHWY is down. |
| ChartMill Relative Strength | 83.15 | POSITIVE | CHWY has a high relative strength, it outperformed 83.15% 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) | UP | MIXED | The current price of CHWY is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHWY is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 30.19 | NEUTRAL | The RSI value for CHWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.55 | NEGATIVE | The MACD value suggests CHWY has a negative trend. |
| Stochastics (14,3) | 5.16 | OVERSOLD | The low Stochastics value suggests CHWY may be oversold. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for CHWY suggests some volalility. |
| Average Directional Index/ADX (14) | 28 | POSITIVE | The high ADX value value for CHWY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
37.99
-0.78 (-2.01%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-2.01%
1 Week-7.99%
2 Weeks-12.53%
1 Month-6.8%
3 Month9.61%
6 Month4.6%
12 Month43.2%
2 Year12.06%
3 Year-2.11%
5 Year-27.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%3.36%
ATR Inc-21.49%
Range Today1.12
ADR(20)1.26
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.15
Mansfield0.38
10 Day High43.63
10 Day Low37.87
20 Day High43.84
20 Day Low37.87
52 Week High48.62
52 Week Low19.75
CS1 End37.98
CR1 Start39.75
Volume & EV
DER(3)-1.36%
DER(5)-0.4%
Volume5.23M
Volume Incr-32.13%
Vol(5)6.75M
Vol(50)7.55M