WARBY PARKER INC-CLASS A (WRBY) Stock Technical Analysis
NYSE:WRBY - New York Stock Exchange, Inc. - US93403J1060 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to WRBY. In the last year, WRBY was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
WRBY is one of the better performing stocks in the Specialty Retail industry, it outperforms 82% of 120 stocks in the same industry.
In the last month WRBY has a been trading in the 17.13 - 23.41 range, which is quite wide. It is currently trading near the high of this range.
WRBY has an average volume of 2912590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that WRBY is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
WRBY is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WRBY is lagging the market slightly.
Although WRBY has an excellent technical rating, it does not present a decent entry opportunity 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
14.08
22.83
4 important support areas can be observed.
- A support zone ranging from 21.72 to 22.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.75 from a trend line in the daily time frame.
- Support @14.71 from a trend line in the weekly time frame.
- A support zone ranging from 14.22 to 14.28. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @22.07 from a horizontal line in the weekly time frame.
- Resistance @22.60 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 | 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 | 86.96 | POSITIVE | WRBY has a high relative strength, it outperformed 86.96% 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) | 62.9 | NEUTRAL | The RSI value for WRBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WRBY has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.66 | NEUTRAL | The Stochastics value for WRBY is a neutral value. |
| Average True Range in percent/ATR (20) | 4.86 | MEDIUM VOLATILITY | The ATR as a percentage value for WRBY suggests some volalility. |
| Average Directional Index/ADX (14) | 37.34 | POSITIVE | The high ADX value value for WRBY suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
22.06
-0.4 (-1.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.78%
1 Week2.22%
2 Weeks4.2%
1 Month25.55%
3 Month7.87%
6 Month-6.64%
12 Month36.09%
2 Year88.71%
3 Year95.91%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.91
ATR(20)%4.86%
ATR Inc-23.32%
Range Today0.92
ADR(20)1.05
ADR(20)%4.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.96
Mansfield1.08
10 Day High23.41
10 Day Low20.17
20 Day High23.41
20 Day Low17.13
52 Week High28.68
52 Week Low12.46
CS1 End22.05
CR1 Start22.07
Volume & EV
DER(3)1.15%
DER(5)1.33%
Volume2.24M
Volume Incr-33.07%
Vol(5)2.19M
Vol(50)2.91M