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Wayfair Inc

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W | InformativeNYSE: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 currently trying to maintain. Bearish Line: At $44.13, acting as the next support below. Target Price 1: The bearish target is set at $43.36. Target Price 2: The bullish target is marked at $46.70. Volume: There are some significant volume spikes, which can be considered bullish if they coincide with the upward price movements. RSI (Relative Strength Index): The RSI line seems to be on the rise, hovering around the mid-line (50). This suggests a balance between buying and selling pressure, with a slight tilt towards a bullish momentum. MACD (Moving Average Convergence Divergence): The MACD line has recently crossed above the signal line, which is a bullish signal. The positive divergence indicates increasing bullish momentum. Observation: The stock seems to be showing signs of a potential bullish reversal, as indicated by the recent upward trend and the bullish signals from the MACD. If the stock can maintain its position above the bullish line at $45.52 and witness increased buying volume, it may attempt to reach the target price of $46.70. Conversely, if it breaks below the bullish line, the next support at the bearish line ($44.13) will be crucial to watch.
NYSE:W
by shkspr
Low trading volume won't support price The supported value is 35$, 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 as well as the price decreases. During Sept 18-28, the price drops because of the interest rate increase. The worst economy environment won't support the stock price. I think the down trend is continuing until the volume back to 4-8M
NYSE:WShort
by HoldInnerPeace
Wayfair (W) New Stage 2 Breakout BuyWayfair is the kind of stock you can make a lot of money on by catching the early move. It has household name recognition, trends well, follows the traditional growth stock stages, and is both large enough to attract institutional investors while still being small enough to deliver triple-digit gains. In 2020, for example, shares surged 1,500% in just over five months. A quick look at a longer-term chart and you will see what I mean. The stage analysis above highlights the 4 stages of the stock cycle. This is based on the work of Richard Wyckoff and Stan Weinstein - both legends of the industry. A stock entering a new Stage 2 uptrend is at the ideal buy point. When timed correctly, these can lead to extraordinary gains with limited downside risk. The line in the sand for W is at $75 per share. This is the pivot point, the breakout trigger, key resistance... whatever you want to call it. In the weekly chart below you can see the significance of this level. It served as short-term support on the way down and then became resistance which has held the stock back for over a year. In my opinion, the move above this level last month was a failed breakout in a weak market. This is not a reason to pass on the second attempt. W has consolidated nicely on a series of shallowing retracements and its 10, 21, and 50-day moving averages merging to offer support at today's price. One other catalyst... Overstock.com (which Wayfair also owns) plans to re-brand to something even more recognizable - Bed, Bath & Beyond. It bought the name, domain, and loyalty program assets on the cheap when the company went into bankruptcy a few months ago. This re-brand could be the fresh start the company needs to jumpstart sales growth and trigger a new Stage 2 uptrend in the stock. A move above $75 would confirm the move, and that is where I will look to buy.
NYSE:WLong
by rossgivens
3
WayFair Earnings + Once in a lifetime OppourtunityThe consensus earnings per share (EPS) estimate for Wayfair Inc (W) is -$0.75 for the quarter ending August 03, 2023. This represents a decrease of 150.00% from the EPS of $0.30 reported in the same quarter last year. The consensus revenue estimate for the quarter is $3.1 billion, which represents a decrease of 1.30% from the revenue of $3.14 billion reported in the same quarter last year. It is important to note that these are just estimates, and the actual EPS and revenue figures could be different. However, the consensus estimates give us a good idea of what to expect. If Wayfair meets or beats the consensus estimates, it is possible that the stock price could go up after earnings. However, if the company misses the estimates, the stock price could go down. Here in chart one we see that there is a triple top forming. The pattern is formed when the price of the stock reaches a high three times, but each time it is unable to break through the resistance level. The pullbacks between the highs are called the swing lows. After the third high, if the price falls below the swing lows, the pattern is considered complete and traders watch for a further move to the downside. If the triple top pattern is confirmed, it could lead to a sell-off in Wayfair stock. However, it is important to remember that no single pattern is foolproof, and you should always do your own research before making any investment decisions. Best, Jacob
NYSE:WShort
by JacobSchildcrout
1