Wayfair | W | Long at $34.62Wayfair $NYSE:W. Recession fears are valid. But long-term, once this company becomes truly profitable, this will be a multi-bagger. I won't go on much about the fundamentals because there are too many economic unknowns ahead, but from a technical analysis perspective, the historical simple moving average lines/area is repeatedly converging with the price and leveling out. Often, this means a change in directional momentum. There are no more open price gaps below the current price on the daily chart. Thus, at $34.62, NYSE:W is in a personal buy zone.
Note: The price entering the teens in the near-term is a possibility.
Targets:
$40.00
$50.00
W trade ideas
Wayfair Inc (Extended Hours) | Chart & Forecast SummaryKey Indicators On Trade Set Up In General
1. Push Set Up
2. Range Set up
3. Break & Retest Set Up
Notes On Session
# Wayfair Inc (Extended Hours)
- Double Formation
* A+ Set Up | Downtrend Survey | Subdivision 1
* 39.10 USD | Ranging Entry
- Triple Formation
* Retracement 0)) | Behavioural Bias | Subdivision 2
* WXY | Waves Finished At 52.00 USD
* Trend | Daily Time Frame | Subdivision 3
Active Sessions On Relevant Range & Elemented Probabilities;
London(Upwards) - NYC(Downwards)
Conclusion | Trade Plan Execution & Risk Management On Demand;
Overall Consensus | Neutral
Wayfair’s Way Up!Wayfair is building strong bullish momentum, with a gap forming around the $35.00 level. A breakout above the $49.00 resistance would confirm further upside, positioning the stock to reach the $76.18 weekly resistance. This trade offers a favorable risk-to-reward ratio, with risk managed via a stop-loss at $27.50.
In the longer term, Wayfair has the potential to reach $90.66, supported by the company’s expanding presence in the e-commerce and home goods markets. As consumer trends continue to shift toward online shopping, Wayfair’s investments in logistics, supply chain efficiency, and a seamless user experience bolster its position for sustained growth. With a solid brand and loyal customer base, Wayfair is well-positioned to capture further market share, supporting a bullish outlook toward $90.66.
With strong technical momentum and an advantageous market position, Wayfair is primed to reach $76.18 in the short term, with $90.66 as a longer-term target.
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NYSE:W
Looking for a resistance breakout on Wayfair.🔉Sound on!🔉
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Wayfair: Building a strong base, not quite ready to break out Wayfair stock (W) has underperformed the market so far this year, trading within a broad range of approximately $30 to $90 since 2023, indicating a sideways movement. The stock has established a support range between $34 and $40, making it attractive for traders looking to buy at these levels. While Wayfair is still not ready for a breakout, it is making a strong bottom. If the stock continues to hold within this range for the remainder of 2024, it could lay the foundation for a stronger bottom and potentially ignite a new bull trend. Until then, it’s crucial to monitor for signs of a reversal.
Wayfair Inc. (W) - Potential Reversal from Support
**Summary:**
Wayfair Inc. (W) has reached a significant support level around $50. This level has historically acted as a strong support, and we could see a reversal action from these levels.
**Technical Analysis:**
- **Support Level:** The stock is currently trading at $50.54, close to its key support level around $50.
- **Price Action:** There have been multiple bounces off this support level in the past, indicating its strength.
- **Indicators:** Technical indicators, including moving averages and oscillators, suggest potential bullish momentum.
**Strategy:**
- **Entry:** Consider entering a long position around $50, looking for a confirmation of a reversal pattern (e.g., bullish candlestick formation).
- **Stop Loss:** Place a stop loss below the support level, around $48, to manage risk.
- **Target:** Look for potential upside targets around $56 to $63, where previous resistance levels exist.
**Risk Management:**
- Keep position sizes manageable to avoid significant losses.
- Regularly monitor the stock and adjust stop losses and targets as needed.
**Conclusion:**
Wayfair Inc. presents an intriguing opportunity for a long position given its proximity to a strong support level. Watch for signs of reversal and be prepared to act accordingly.
W | InformativeNYSE:W
Analysis of Wayfair Inc. (W)
Current Status
Price: $52.25
Moving Averages: The stock is trading below its short-term and long-term moving averages, indicating a bearish trend.
Bullish Scenario
Bullish Trigger Line: $52.29
Target Prices for Bullish Scenario:
Target Price 1: $53.07
Target Price 2: $56.60
Ultimate Bullish Target: $60.72
Bearish Scenario
Bearish Line: $50.63
Target Prices for Bearish Scenario:
Target Price 1: $49.55
Target Price 2: $47.62
Additional Observations
Volume: Recent volume spikes suggest strong market interest, potentially indicating a reversal or continuation of the trend.
RSI (Relative Strength Index): Currently below 50 but showing signs of potential reversal upwards.
(W)ayfair - 6/11 revised iballer stratExpect market to drop by -4.00% but we could see a bullish steal at the (-0.70%) mark @($57.64) then retry to break the higher high @($59.00).
or this situation can be reversed market heads toward the (+0.70%) then drop.
ECN release analysis:
due to CPI being stabilized & inflation in a bearish state combined with a bullish PPI expect prices to drop and ECN deviations stay below pivot points.
Wayfair Turn N Burn Strat (Sell Buy sell)Expect market to be overturned by the bulls *(reversal may not be full +2.5% expect reversal to peak @round (+0.7%) - (+1.00%).
expect market to take healthy decline towards longterm TP with serious or sustained momentum (Ltp = (-9.00%))
Tp1 = -2.4%
TP2= -5.00%
Tp3= -9.00%
Tp4= +2.5% (reversal) *(really is TP3)
market bearish expect expect bulls to steal market take +0.8% then decline continues to (-9.00% TP).
10 day
or
2 daii
Wayfair (W) Q1 Loss Narrower Than Expected, Revenues Fall Y/YWayfair ( 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 decreased 2.8% year over year to $537, beating the Zacks Consensus Estimate by 0.45%. However, growth in the active customer base remained positive, with active customers up 2.8% year over year to 22.3 million and beating the consensus mark by 0.26%.
Net revenues in the United States decreased 1% year over year to $2.4 billion, beating the Zacks Consensus Estimate by 4.1%. International net revenues declined 5.8% year over year and 7.5% on a constant currency basis to $338 million, missing the consensus mark by 0.7%. Orders per customer for the quarter were 1.84, up from 1.81 reported in the year-ago quarter. The average order value declined 0.7% year over year to $285, beating the consensus mark by 4.99%.
Wayfair's first-quarter gross margin was 30%, expanding 40 basis points on a year-over-year basis. Adjusted EBITDA was $75 million, while customer service and merchant fees decreased 15.8% year over year to $117 million. Advertising expenses fell 0.9% year over year to $324 million, while selling, operations, technology, and general and administrative expenses decreased 14.4% year over year to $534 million. Wayfair incurred a GAAP operating loss of $235 million in the reported quarter compared to an operating loss of $347 million in the year-ago quarter.
WAYFAIR, en route to upside recovery!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 at 35.0
TAYOR.
safeguard capital, always.
W | Wayfair on the Move | LONGWayfair, 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 in international sites. The company was founded by Steven K. Conine and Niraj S. Shah in May 2002 and is headquartered in Boston, MA.
Rally to 58 (+20% upside minimum)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, a squeeze could carry it a lot higher than 66-69.
W Short Trade Symmetrical Triangle Breakdown 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 VWAP as the chart shows. The analysis of a short trade
is also supported by the AI algo of Luxalgo using Gaussian Regression line analysis to forecast
the downtrend. Targets are 47.25 which is the intersection of the forecasted trend down
and the support trendline of the triangle as well as 38.65 which is the intersection of that
same trendline and the pivot low of October 2023. The stop loss is 63.9 at the immediate pivot
high. The trade is projected to be a 25% trade is equal partial profits are taken at both
targets or 28% if the first target is a 1/3 partial closure.
W for a win - Good risk to reward - 2x - 3x 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
$W ELLIOT WAVE ANALYSIS 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 its sub wave B seem to have concluded, leaving only sub wave C and wave 5 remaining for completion. I anticipate wave 5 reaching approximately the 0.764 extension before undergoing a corrective phase in line with wave 3.