CHWY Technical Signal Analysis
CHWY have 2 buy signals and 3 sell signals now. The current trend is uptrend starting from 2025-03-04. The total price change during this trend is -5.74%. Recently, the price has decreased but the volume has also decreased, indicating a potential rebound signal. The average turnover of CHWY over last 5 trading day is $195,018,654.72
2 Bullish Signal
3 Bearish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-123.21
Bullish
Williams %R (14 days)
WILLR_14 < -80
-83.85
Bullish
Name
Signal
Value
Meaning
Awesome Oscillator (5, 34)
AO_5_34 < 0
-3.69
Bearish
Momentum (10 days)
MOM_10 < 0
-3.78
Bearish
Moving Average Convergence Divergence (12, 26, 9)
MACD_12_26_9 < 0
-1.08
Bearish
2 Bullish Signal
Name
Signal
Value
Meaning
Commodity Channel Index (20 days, 0.015 constant)
CCI_20_0.015 < -100
-123.21
Bullish
Williams %R (14 days)
WILLR_14 < -80
-83.85
Bullish
CHWY Support and Resistance Level
The support levels for CHWY are at 32, 30.46, and 27.98, while the resistance levels are at 36.96, 38.5, and 40.98. With the current stock price at 32.35, it is leaning more toward the support levels.
CHWY Technical Analysis
Technical Analysis of CHWY Stock
Price Overview
As of the latest data, CHWY is trading at $33.32, with a high of $35.75 and a low of $32.65 during the session. The stock closed down 5.04% on the day, with significant volume of 8,010,884 shares traded.
Technical Indicators
- RSI (14-period): 39.02 (below 50, indicating bearish momentum).
- MACD: -0.59 (negative, with the signal line also in negative territory, suggesting a bearish crossover).
- Stochastic Oscillator: K at 42.58, D at 45.72 (oversold conditions, but the stock remains in a downtrend).
- Bollinger Bands: The stock is currently near the lower band, indicating oversold conditions, but the recent breakdown below the lower band suggests bearish momentum.
Fibonacci Levels
- Pivot Point: $35.10
- Resistance Levels: $37.27 (R1), $38.60 (R2)
- Support Levels: $32.94 (S1), $31.60 (S2)
The stock is currently trading below the pivot point, indicating a bearish trend.
Recent Price Action
The stock has broken below the $35 support level and is testing the lower end of its recent range. The bearish price action, combined with high volume, suggests strong selling pressure.
News Sentiment
Recent news highlights positive sentiment, including Chewy's low reliance on Chinese imports and analyst upgrades. However, the technical indicators suggest the stock is in a downtrend, and the recent price action confirms bearish momentum.
Recommendation
Based on the technical analysis, sell CHWY at $33.32. The stock is in a downtrend with bearish momentum, and the breakdown below key support levels suggests further downside.
Target Price: $32.65 (immediate support level).
CHWY FAQs
Which bull technical signals does CHWY have?
Which bearish technical signals does CHWY have?
How reliable is technical analysis?
How can I use moving averages to set entry and exit points for CHWY stock?
Is CHWY a buy based on overall technical signals summary?
CHWY Buy or Sell
CHWY has 2 buy signals and 3 sell signals now. Overall the technical rating for CHWY is Neutral.
Neutral
Sell
3
Buy
2
CHWY Moving Average
This analysis outlines the stock's performance across different time frames using Simple Moving Averages (SMA). In the swing, the stock shows a negative trend with the 32.35 below the SMA_5. In the short term, the stock shows a negative trend with the 32.79 below the SMA_20. In the mid term, the stock shows a negative trend with the 35.39 below the SMA_60. In the long term, the stock shows a positive trend with the 36.01 above the SMA_200.
Swing
Negative
Stock Price Below SMA_5
Short Term
Negative
SMA_5 Below SMA_20
Mid Term
Negative
SMA_20 Below SMA_60
Long Term
Positive
SMA_60 Above SMA_200
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What do technical indicators suggest about CHWY's current trend?What are CHWY's key support and resistance levels?