WRBY Technical Analysis - WARBY PARKER INC-CLASS A

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to WRBY. Both in the recent history as in the last year, WRBY has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

When comparing the yearly performance of all stocks, we notice that WRBY is one of the better performing stocks in the market, outperforming 93% of all stocks.

WRBY is one of the better performing stocks in the Specialty Retail industry, it outperforms 90% of 122 stocks in the same industry.

WRBY is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WRBY is lagging the market slightly.

In the last month WRBY has a been trading in the 24.99 - 28.60 range, which is quite wide. It is currently trading near the high of this range.

WRBY has an average volume of 1634000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

More info and screens

Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

Show peers with best TA rating

Weekly and Daily overview Charts

WARBY PARKER INC-CLASS A / WRBY Weekly stock chart

WARBY PARKER INC-CLASS A / WRBY Daily stock chart

Setup Rating and Analysis

Although WRBY has an excellent technical rating, the quality of the presented setup is not ideal 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

ChartMill Technical Ratings

Pocket Pivots

Bull Flags

Show peers with best setup rating

Support and Resistance Analysis

15.34

28.23

We found 3 important support areas.

A support zone ranging from 26.57 to 26.67. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 25.08 to 25.35. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @15.49 from a trend line in the weekly time frame.

More info

What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

Technical Indicator Signal Analysis

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 WRBY is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for WRBY is up.
ChartMill Relative Strength	93.12	POSITIVE	WRBY has a high relative strength, it outperformed 93.12% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of WRBY is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of WRBY is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of WRBY is above the rising SMA(200).
Relative Strength Index/RSI (14)	65.35	NEUTRAL	The RSI value for WRBY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.1	POSITIVE	The MACD value suggests WRBY has a positive trend.
Stochastics (14,3)	87.33	OVERBOUGHT	The high Stochastics value suggests WRBY may be overbought.
Average True Range in percent/ATR (20)	3.02	MEDIUM VOLATILITY	The ATR as a percentage value for WRBY suggests some volalility.
Average Directional Index/ADX (14)	48.21	POSITIVE	The high ADX value value for WRBY suggests a strong trend.