CHEWY INC - CLASS A (CHWY) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:CHWY • US16679L1098
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.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- When comparing the yearly performance of all stocks, CHWY is a bad performer in the overall market: 86% of all stocks are doing better.
- CHWY is one of the lesser performing stocks in the Specialty Retail industry. 76% of 121 stocks in the same industry do better.
- CHWY is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month CHWY has a been trading in the 26.34 - 34.85 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.
- CHWY has an average volume of 7747340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The technical rating of CHWY is bad and it also does not present a 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
26.29
We found 1 important support area.
- A support zone ranging from 26.56 to 26.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 32.06 to 32.39. 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.
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 | 14.62 | NEGATIVE | CHWY has a low relative strength, it was outperformed by 85.38% 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) | 25.77 | OVERSOLD | The low RSI value suggests CHWY may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.54 | NEGATIVE | The MACD value suggests CHWY has a negative trend. |
| Stochastics (14,3) | 8.62 | OVERSOLD | The low Stochastics value suggests CHWY may be oversold. |
| Average True Range in percent/ATR (20) | 5.06 | HIGH VOLATILITY | The high ATR as a percentage value for CHWY suggests high volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for CHWY suggests a possible start of a new trend. |
26.57
-0.99 (-3.59%)
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 25.7696. This indicates that the stock is currently oversold.
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 26.56 and a resistance level at 32.06. Check the full technical report for our detailed analysis of CHWY support and resistance levels.