$WSM Williams Sonoma Trade Setup
Hopefully you find the chart helpful in terms of Supports & Resistance etc.
we refrain from adding commentary on the chart as that is reserved for our members and we are very conscious of not giving financial or trading advice.
Thank you for taking time to consult our chart and we would really appreciate a like, follow or comment.
Trade ideas
WSM Stock 10/04/21 Analysis 4H ChartNYSE:WSM - Trend Analysis -
📑Value: 10/20
📈Growth: 18/20
💰Profitability 16/20
🚀Momentum: 20/20
💸Earnings: 18/20
🖇️Total Score: 82/100
Data:
Volume 857M
Average Volume (3 months) 1.55M
Previous Close $185.31
Open $183.97
Shares Outstanding 76.19M
Technicals:
( Simple Moving Average )
10D SMA $180.95 (+1.25%)
50D SMA $144.80 (+26.53%)
200D SMA $109.46 (+67.38%)
Market Cap $14.12B
Total Debt $1.53B
Cash $1.20B
Enterprise Value $14.5B
Revenue $6.78B
Gross Profit $2.65B
Net Income $680.71M
EPS Diluted $8.61
Free Cash Flow / Share $14.31
US Stock In Play: $WSM (Williams-Sonoma Inc)$WSM is currently in a multi-week long Ascending Triangle chart pattern, with the consolidated price action also reflecting a Bullish Flag formation.
Both chart formations are impending volatility for a significant breakout of its resistance level at $188.30. The latest closing price of $185.28 is barely 50% of its daily ATR price action away from the immediate resistance.
$WSM operates as an omni-channel specialty retailer of various products for home.
WSM Earrings winner & Stimulus play swing tradeWSM HAS CONSOLIDATED IN THE CHANNEL NICELY AFTER A RECENT ALL TIME HIGH.
HAS BROKE AND TESTED THE $136.40 CHANNEL SUPPORT WHICH NOW LOOKS TO BE RESISTANCE.
HUGE EARNINGS WINNER JUST AFTER MARKET CLOSE.
POST=MARKET AT ATH.
LOOKING FOR A CONTINUED LEVEL PRE-MARKET WITH VOLUME AND A RETEST OF $136.40 AT MARKET OPEN BEFORE ENTERING FOR A SWING.
RISK AT $133.50.
$WSMEntry price : 125.80
Fundamentals :
- Sector: Retail - Home Furnishing
- EPS % Chg (Last Qtr): 170%
- EPS % Chg (Previous Qtr): 115%
- 3 Year EPS Growth Rate: 20%
- EPS Est % Chg (Current Yr): 75%
- Sales % Chg (Last Qtr): 22%
- Sales % Chg (Previous Qtr): 9%
- 3-Year Sales Growth Rate: 6%
- Annual Pre -Tax Margin: 9.0%
$WSM Resistance levels | Targets Williams-Sonoma reports Q1 adjusted EPS 74c, consensus (15c) 16:17 WSM Reports Q1 revenue $1.235B, consensus $1.02B. Total comparable brand revenue growth of 2.6%, with positive comparable revenue growth in almost all brands, including Pottery Barn Kids and Teen at 8.5%, Williams Sonoma at 5.4% and West Elm at 3.3%. "As the COVID-19 health crisis continues to impact our daily lives, our deep gratitude goes to all of the people who are taking care of our communities in the fight against this pandemic. We also want to thank our associates for their agility, commitment and partnership in continuing to meet our customers' needs while prioritizing the health and safety of each other, our customers and our communities," said Laura Alber, President and Chief Executive Officer. "In this highly disrupted environment, we are proud to deliver 2.6% comp growth in the first quarter, despite having all of our 616 stores closed for more than half of the quarter. Our large e-commerce business had breakout comp growth in the second half of the quarter and continues to accelerate. Our teams maximized demand online, leaning into new and innovative ways to engage and serve our customers virtually. We gained market share with strong new customer growth in our DTC business, giving us even more confidence in the growth trajectory of our e-commerce business longer term," Alber continued. "The resilience of our business through this crisis exemplifies the advantage of our unique multi-brand, multi-channel platform and our commitment to all of our stakeholders. Nothing makes me prouder than to have achieved our results while staying true to our company's core value of taking care of our people, customers and communities. Our strong financial position and fortress balance sheet have allowed us to support our associates with pay continuation, while giving back to support relief efforts in our local communities."
source thefly.com
Williams-Sonoma price target raised to $76 from $70 at RBC Capital 06:45 WSM RBC Capital analyst Scot Ciccarelli raised the firm's price target on Williams-Sonoma to $76 from $70 but keeps a Sector Perform rating on the shares. The company's Q1 earnings beat was supported by "home-centric purchases" as e-commerce provided an even bigger sales lift than previously anticipated, the analyst tells investors in a research note. However, the discretionary big-ticket item spending could be challenged for the "foreseeable future", Cicarelli warns.