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 scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, CHWY does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 33.28, a Stop Loss order could be placed below this zone.
More info and screens
31.67
When analyzing the support we can see 2 important areas.
- A support zone ranging from 32.81 to 33.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @31.99 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 33.30 to 34.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 37.11 to 37.35. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 26.77 | NEGATIVE | CHWY has a low relative strength, it was outperformed by 73.23% 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) | 40.52 | NEUTRAL | The RSI value for CHWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CHWY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.56 | NEUTRAL | The Stochastics value for CHWY is a neutral value. |
| Average True Range in percent/ATR (20) | 3.71 | MEDIUM VOLATILITY | The ATR as a percentage value for CHWY suggests some volalility. |
| Average Directional Index/ADX (14) | 30.44 | POSITIVE | The high ADX value value for CHWY suggests a strong trend. |
33.29
+0.16 (+0.48%)
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 40.5219. 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.