WRBY Technical Analysis - WARBY PARKER INC-CLASS A

Technical Rating and Analysis

We assign a technical rating of 1 out of 10 to WRBY. WRBY has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

In the last month WRBY has a been trading in the 21.96 - 29.04 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.

WRBY is part of the Specialty Retail industry. There are 120 other stocks in this industry. WRBY outperforms 72% of them.

WRBY has an average volume of 1649720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

When comparing the yearly performance of all stocks, we notice that WRBY is one of the better performing stocks in the market, outperforming 77% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.

WRBY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WRBY is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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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

The technical rating of WRBY is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

15.25

28.70

We found 2 important support areas.

A support zone ranging from 22.21 to 22.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @15.40 from a trend line in the weekly time frame.

When analyzing the resistance we notice 2 important areas.

Resistance @27.71 from a horizontal line in the weekly time frame.
Resistance @28.42 from a horizontal line in the daily time frame.

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What is Support and Resistance

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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	NEUTRAL	NEUTRAL	The long term trend for WRBY is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WRBY is down.
ChartMill Relative Strength	77.09	POSITIVE	WRBY has a high relative strength, it outperformed 77.09% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WRBY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WRBY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WRBY is below a declining SMA(200).
Relative Strength Index/RSI (14)	22.66	OVERSOLD	The low RSI value suggests WRBY may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.64	NEGATIVE	The MACD value suggests WRBY has a negative trend.
Stochastics (14,3)	1.84	OVERSOLD	The low Stochastics value suggests WRBY may be oversold.
Average True Range in percent/ATR (20)	4.4	MEDIUM VOLATILITY	The ATR as a percentage value for WRBY suggests some volalility.
Average Directional Index/ADX (14)	35.92	POSITIVE	The high ADX value value for WRBY suggests a strong trend.