CHWY Price Prediction Next Week
Based on the provided data and recent market activity, here's a comprehensive analysis for CHWY's price prediction for next week:
Technical Analysis
- RSI (14) at 37.25 indicates oversold conditions
- MACD shows bearish momentum with -0.41 histogram
- Stochastic (14,3,3) at 16.73 suggests extremely oversold conditions
- Price trading below all major SMAs (5,10,20,60) indicates strong downtrend
- Bollinger Bands show price at lower band (35.04), suggesting potential bounce
Price Action Analysis
- Current price: $35.25
- Recent downtrend from $37.19 to $34.74
- Key support level at $34.36 (Fibonacci S2)
- Key resistance level at $37.04 (Fibonacci pivot)
News Sentiment Impact
- Positive: Ryan Cohen increased stake in Alibaba, showing confidence in e-commerce sector
- Positive: Analysts maintain bullish outlook with recent upgrades
- Negative: Overall market sentiment remains cautious
Price Prediction for Next Week Target Range: $34.50 - $38.00
Most Likely Scenario:
- Initial support test around $34.50
- Bounce toward $36.50-$37.00 due to oversold conditions
- Final target: $36.75
Trading Recommendation: BUY with entry at current levels ($35.25)
- Stop loss: $34.20
- First target: $36.50
- Second target: $37.50
Rationale:
- Extremely oversold technical conditions
- Strong support level convergence
- Positive analyst sentiment
- Historical bounce patterns from similar conditions
CHWY Similar Chart Price Prediction
The price of CHWY is predicted to go up -2.49%, based on the high correlation periods with AWK. The similarity of these two price pattern on the periods is 93.57%.
CHWY
AWK
Down: -2.49%Similarity: 93.57%
CHWY Revenue Forecast
CHWY EPS Forecast
CHWY FAQs
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CHWY VS S&P500
E-commerce penetration should continue to increase in the pet care category, favoring established players like Chewy.
Chewy's subscription-based model (roughly 75% autoship penetration) should help it retain sales volume even as consumers curtail discretionary pet category spending.
With two thirds of Chewy's customer base also boasting Amazon Prime memberships, we suspect that competitive pressure from the e-commerce behemoth could prove less onerous than many expect.
CHWY Analyst's Forecast
Mark Mahaney
Evercore ISI Group
Hold → Buy
2025-01-13
Price Target
$34 → $47
Upside
+30.41%
Evercore ISI upgraded Chewy to Outperform from In Line with a price target of $47, up from $34. The firm cites six reasons, including industry reports, channel checks, and proprietary consumer survey work that suggests that the U.S. pet industry has stabilized after two years of decline; the view of Chewy as "one of the clear Online Pet leaders" with "consistently very impressive Sat Scores,"; a belief that the above two factors are bringing Chewy back into a cycle of sustained net adds growth; a path for consistent and material gross margin expansion; a path for consistent and material EBITDA margin expansion; and an improved free cash flow generation story.
David Bellinger
Mizuho
Hold → Buy
2025-01-06
Price Target
$24 → $42
Upside
+17.45%
Shweta Khajuria
Wolfe Research
Hold → Buy
2025-01-03
Price Target
n/a
Downside
0%
