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 10 out of 10 to WRBY. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, WRBY is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that WRBY is one of the better performing stocks in the market, outperforming 92% of all stocks.
WRBY is one of the better performing stocks in the Specialty Retail industry, it outperforms 89% 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 20.85 - 24.02 range, which is quite wide. It is currently trading near the high of this range.
WRBY has an average volume of 2530780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
WRBY has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
14.84
24.18
3 important support areas can be observed.
- A support zone ranging from 22.66 to 22.70. 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 20.93 to 21.37. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.99 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 23.94 to 23.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 92.93 | POSITIVE | WRBY has a high relative strength, it outperformed 92.93% 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) | 69.92 | NEUTRAL | The RSI value for WRBY is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests WRBY has a positive trend. |
| Stochastics (14,3) | 86.14 | OVERBOUGHT | The high Stochastics value suggests WRBY may be overbought. |
| Average True Range in percent/ATR (20) | 3.57 | MEDIUM VOLATILITY | The ATR as a percentage value for WRBY suggests some volalility. |
| Average Directional Index/ADX (14) | 25.59 | 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.95 | 22.65 | 1.30 (5.43%) | 18.42% |
| An entry @23.95. This is a Buy Stop order right above the resistance zone. | An exit @22.65. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.30 points, which is 5.43%. | When investing 18.42% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
23.93
+0.48 (+2.05%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg2.05%
1 Week7.79%
2 Weeks7.6%
1 Month12.03%
3 Month67.81%
6 Month-2.64%
12 Month51.55%
2 Year60.17%
3 Year93.14%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.83
ATR(20)%3.57%
ATR Inc-15.48%
Range Today0.4
ADR(20)0.83
ADR(20)%3.45%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.93
Mansfield1.2
10 Day High24.02
10 Day Low21.11
20 Day High24.02
20 Day Low20.85
52 Week High28.68
52 Week Low12.46
CS1 End22.7
CR1 Start23.94
Volume & EV
DER(3)-1.58%
DER(5)-2.63%
Volume1.62M
Volume Incr-6.23%
Vol(5)1.75M
Vol(50)2.53M