CHEWY INC - CLASS A (CHWY) Technical Analysis
NYSE:CHWY • US16679L1098
We assign a technical rating of 0 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 87% of all other stocks performed better in the past year than CHWY.
- CHWY is part of the Specialty Retail industry. There are 123 other stocks in this industry, of which 76% are performing better than CHWY.
- 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.
- CHWY has an average volume of 7848540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- In the last month CHWY has a been trading in the 23.06 - 28.30 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, CHWY does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 24.52, a Stop Loss order could be placed below this zone.
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23.99
When analyzing the support we notice one important area.
- A support zone ranging from 24.23 to 24.52. This zone is formed by a combination of multiple trend lines in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- Resistance @26.80 from a trend line in the daily time frame.
- A resistance zone ranging from 27.42 to 27.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 30.57 to 30.66. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @34.67 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 | 13.3 | NEGATIVE | CHWY has a low relative strength, it was outperformed by 86.7% 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) | 40.79 | NEUTRAL | The RSI value for CHWY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests CHWY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.46 | NEUTRAL | The Stochastics value for CHWY is a neutral value. |
| Average True Range in percent/ATR (20) | 5.57 | HIGH VOLATILITY | The high ATR as a percentage value for CHWY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.44 | NEUTRAL | The ADX value for CHWY suggests a possible start of a new trend. |
CHWY Technicals: Chart, Performance Metrics, Trend & Indicators
25.51
-1.33 (-4.96%)
CHEWY INC - CLASS A / CHWY FAQ
What is the technical rating for CHWY stock?
ChartMill assigns a technical rating of 0 / 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 40.7876. 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 negative.
What are the support and resistance levels for CHEWY INC - CLASS A (CHWY) stock?
CHEWY INC - CLASS A (CHWY) has a support level at 24.52 and a resistance level at 26.8. Check the full technical report for our detailed analysis of CHWY support and resistance levels.