Wayfair at the 50-day SMA After Big RallyAmazon.com might be the poster child of e-commerce taking over the U.S. economy. But it’s by no means the only beneficiary of online shopping in the last six months. Wayfair has rallied even more, surging over 1,300 percent from its March low to August high. Now it’s pulled back, with some interesting signals. First, we have the deeply oversold condition on stochastics. Second, we have a pullback to the 50-day simple moving average (SMA). It’s the first test of this line since the rally began. Third, W tested and held the $235 price range that was resistance in late July before breaking out toward $300. Finally, the 8-day exponential moving average (EMA) has stabilized and price is pushing back against it. This could be a useful indicator of short-term momentum. If W breaks back above the 8-day EMA, the longer-term uptrend may resume. TradeStation is a pioneer in the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more.Longby TradeStation7
Wayfair puts deep itm Easy call I made here on wayfair a lot more room to downside. Support broken. Timber time was right Shortby Worldcat320dc1
$W Wayfair may have More Pain Ahead Considerable confluence of support in the $220 zone. Stock has rallied over 1000% from the lows so some major profit taking is very much expected. If the market weakness continues a short hedge may be a option . Shortby Bullishcharts1119
WAYFAIR - The ALPHA DOG Alpha - you bet. This is the craziest chart this year. Dog - this is only quarter on this chart the company has been profitable. All the Fang stocks - this one destroys them all in terms of alpha. 1440% this year bottom to top! With an average price of $84 for the last year its stretched. IF retail opens up at all - Wayfair's sugar high might be over. Looking at where its put in support - a 38% retracement makes sense, there is very little to work with so we'll use Fibs. This may go a little higher before free falling $100 or so. NYSE:Wby MaximiliannedUpdated 1
Wayfair timber timeBroke support time to short this company is a zombie another fed created monster 🧟♂️ Shortby Worldcat320dc0
This Stock Is So Outrageously ExtendedThis is one of the most overextended stocks I've ever seen. The fundamental problems with this company haven't changed substantially since the beginning of the pandemic, and yet due to the dynamics of short interest the stock continues to squeeze. The recent rally is likely shorts covering before earnings, because I can't fathom what organic buyers of the stock remain at this price point. I want to get short, but premiums are high prior to earnings. I'm looking at some covered puts. Might update with executions.Shortby PropNotesUpdated 3310
Flat Top Breakout! First alerted at $168 Still holding strongLooking to add calls! Longby SwingingForward1
Wayfair Downward MovementW has a wonderful upward movement, but it seems overbought, time to book some profit.Shortby sankar3260
Wayfair: a great short hereW has reached 100% extension target and the impulse move higher looks to be exhausted. The R/R on shorts is good here for a move to the 50% retracement.Shortby torquio3
Wayfair: Chart Overextended and Price way beyond FundamentalsYou can see that selling on the upper red line has rewarded shorts in the past and I believe that this is a great short opportunity here - one of the best i have ever seen. We have got way over extended and fundamentally the price is just way too high for a this company, even with the 'shopping online' narrative that has been done to death. Overstock is the much better company in reality. Margins are just too small for furniture and you only have to read Wayfair reviews on the likes of Trustpilot to realise how poor their products are. I think we should at the very least see a retrace back to the 250 levels here. Shortby TheZenDegen4
WLooking toppy 1D bear div shorting down to support, watching for break there to fill gap lowerShortby rtang1995Updated 1
Rallyed all time high, low volume, pullback 215- 230 Expect market correction monday - tuesday then uptrend on ER by drewstocks_charting4
When Will The Creep Organization Run Out Of Pump?Monster sized gains since march this one has been on a massive run over 600% in gains! Once this one shifts red I'm taking my shot at it. Lots of bad rep in the media been going viral on all social media outlets. 🤔🤔🤔 Google trends popping off for wayfair currently. by OTM.Investments252529
BUY and Hold until 228-232Indicators : EMA show that the 9 days EMA is about to cut right through under the 18 and 27 EMA respectively, showing a pick up in the movement. Previously, when the stock hit the recent bottom, according to FIB retracement, it ended up at 0.618 and then extended its gains based on FIB EXT also to 0.618. Following the same trend, and looking PSAR and EMA we it is evident that the stock is expecting another small before the it collapses. The collapse could be due to the funds shorting over 30 percent of its float meaning . With that in mind, the occurrence of such small rallies is nothing more than the short squeeze where funds have to cover their position. Longby AND_CAPITAL_LLCUpdated 2
Wayfair correctingChanged my count up. Looks like a smaller correction at this point.Short00:27by cryptowaveman2
$W Top of WedgeIf brick and mortal reopens, April will be there best month in a whileShortby RobHegermillerUpdated 1