CHEWY INC - CLASS A (CHWY) Stock Technical Analysis
NYSE:CHWY - New York Stock Exchange, Inc. - US16679L1098 - Common Stock - Currency: USD
We assign a technical rating of 9 out of 10 to CHWY. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month CHWY has a been trading in the 36.52 - 40.09 range, which is quite wide. It is currently trading near the lows of this range.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, CHWY did better than 95% of all other stocks. We also observe that the gains produced by CHWY over the past year are nicely spread over this period.
CHWY is part of the Specialty Retail industry. There are 120 other stocks in this industry. CHWY outperforms 93% of them.
CHWY 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 CHWY is lagging the market slightly.
CHWY has an average volume of 5041620 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CHWY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 39.28. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 36.92, a Stop Loss order could be placed below this zone. 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
25.55
40.21
When analyzing the support we can see 5 important areas.
- A support zone ranging from 36.92 to 36.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @33.52 from a trend line in the weekly time frame.
- Support @31.96 from a trend line in the daily time frame.
- Support @27.65 from a trend line in the daily time frame.
- Support @25.81 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.28 to 39.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.55
Mansfield2.84
10 Day High39.1
10 Day Low36.52
20 Day High40.09
20 Day Low36.52
52 Week High40.09
52 Week Low14.69
Performance
1 Week-1.65%
2 Weeks-4.1%
1 Month-0.73%
3 Month5.85%
6 Month38.31%
12 Month129.52%
2 Year-8.93%
3 Year-21.66%
5 Year24.76%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.28
RSI(14)46.87
LBB36.73
UBB39.11
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 |
|---|---|---|---|
| 37.67 | 36.91 | 0.76 (2.02%) | 25.00% |
| An entry @37.67. This is a Buy Stop order right above the 10 day moving average. | An exit @36.91. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.76 points, which is 2.02%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.50%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHWY. Please evaluate whether better entry and exit points can be found.
- 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.
36.93
-0.65 (-1.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.73%
1 Week-1.65%
2 Weeks-4.1%
1 Month-0.73%
3 Month5.85%
6 Month38.31%
12 Month129.52%
2 Year-8.93%
3 Year-21.66%
5 Year24.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.31
ATR(20)%3.5%
ATR Inc11.48%
Range Today1.49
ADR(20)1.24
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.55
Mansfield2.84
10 Day High39.1
10 Day Low36.52
20 Day High40.09
20 Day Low36.52
52 Week High40.09
52 Week Low14.69
CS1 End36.92
CR1 Start39.28
Volume & EV
DER(3)-0.29%
DER(5)0.79%
Volume3.31M
Volume Incr-6.78%
Vol(5)3.78M
Vol(50)5.04M