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Wayfair Inc.Wayfair Inc.Wayfair Inc.

Wayfair Inc.

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W trade ideas

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.
NYSE:WLong
by TradeStation
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:W
NYSE:W
by Maximilianned
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.
NYSE:WShort
by PropNotes
3
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.
NYSE:WShort
by TheZenDegen