Wayfair ( NYSE:W ) reported a Q1 non-GAAP loss of 32 cents per share, narrower than the Zacks Consensus Estimate for 45 cents per share. The company reported a loss of $1.13 per share in the year-ago quarter. Net revenues of $2.73 billion surpassed the consensus mark by 3.3%, with the top line decreasing 1.6% year over year. LTM net revenues per active customer...
WAYFAIR has been on the downtrend for quite a bit but recent weekly data is conveying a shifting price trend. The stock has broke its long-standing weekly trendline.
A significant net buying / accumulation has been spotted at the current price range proving the 30 level as a strong order block support. Expect significant price growth from from here on.
Spotted...
Above all the major moving averages on the daily and weekly.
Nice looking bear hammer on top of the daily emas
27% short float. Nice volume bar candle
if it goes higher, it could reach $69 ?!!
Wayfair, Inc. engages in an online home furnishing store. It operates through the U.S. and International segments. The U.S. segment consists of amounts earned through product sales through the company's five distinct sites in the U.S. and through websites operated by third parties in the U.S. The International segment is composed of earnings through product sales...
W had earning before the bell, I've been waiting for a break above 51.70 to go long - looks like we'll get that pre-market 2/22.
Breakout level = 51.70 (breakdown level and hard stop loss = 47.36.
- Initial target = 54.50 by 2/23
- Goal target = 58 by 3/6/2024
** If it breaks above 58 then upper target range will be 66-69 by 3/15.
~Since W is highly shorted,...
Wayfair is an e-commerce platform for furniture and home goods sold online.
It has had gradually decreasing volatility on the daily chart in a symmetrical
triangle, W is halfway between the past earnings in early February and the upcoming in
May. Price is currently also compressing inside the triangle and halfway between
the mean VWAP and the first upper...
Wayfair is not as big as it was but technically it's one of the heavily shorted name.
As the midcap/small caps started running, W has good entry here.
Started a long position yesterday. will add once I've enough cushion on pullbacks.
Stop loss - 45
Target #1 - 80, 89 then 100
Target #2 - 125
Target #3 - 148
This analysis reflects my perspective on NYSE:W through the lens of Elliott Wave theory. I acknowledge the potential for error and welcome any feedback or alternative viewpoints.
Based on my analysis, it appears that NYSE:W has completed its corrective phase and is now poised for a robust bullish trajectory, forming a leading diagonal pattern. Both wave 4 and...
In a surprising move, online home furnishings giant Wayfair (NYSE: NYSE:W ) has announced a significant restructuring, involving the elimination of 1,650 jobs, constituting 13% of its global workforce. The company's CEO, Niraj Shah, attributed the decision to an acknowledgment that Wayfair had "gone overboard" in hiring during a robust economic period, leading...
Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 58.3/61.80%
Chart time frame : C
A) 15 min(1W-3M)
B) 1 hr(3M-6M)
C) 4 hr(6M-1year)
D) 1 day(1-3years)
Stock progress : A
A) Keep rising over 61.80% resistance
B) 61.80% resistance
C) Hit the bottom
D) Hit the top
Stocks rise as they rise from support and fall from resistance....
This is a continuation of a thesis we had from higher but by the looks of it, 45 may still be difficult for bulls and we may probe the lower 40s and possibly lower. Expecting broader short term bearish behavior following this market push off the lows.
NYSE:W
Wayfair Inc. (NYSE: W)
Trend and Moving Averages:
The stock price seems to be trading below its moving averages, indicating a prevailing bearish sentiment.
However, there's a recent upward movement, suggesting a potential bullish reversal.
Support and Resistance:
Bullish Line: Around $45.52, which seems to be a short-term support line the stock is...
NYSE:W may have some more downside movement through 55 to come but we will keep a look out for potential retail names that are strong to hedge against if this doesn't work...Stronger retail names like ANF are probably not enought to pull this market up and therefore it seems like we may fall further. Good luck traders!
The supported value is 35$, until there is a fundamental change of sales market.
The economic environment doesn't support the growth of W. From diagram, the 35 has been the supported price over 1 year of time. The economic isn't better over the past year.
Short term will drop back from 75$ to 35$.
After 85$ high at Augest 03, the Volume continues go down...
