The Hourly View for W
Currently, W (Get Ratings)’s price is up $0.04 (0.01%) from the hour prior. This is the 2nd hour in a row W has seen its price head up. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
W ranks 133rd in terms of today’s price percentage change out of Retail stocks.
W’s Technical Outlook on the Daily Chart
Currently, W’s price is down $-0.62 (-0.21%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as W has now gone down 4 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. Of note is that the 100, 200 and 50 day changed directions on W; they are now pointing down. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows W’s price action over the past 90 days.
W: Daily RSI Analysis
For W News Traders
Investors and traders in W may be particularly interested in the following story that came out in the past day:
Wayfair stock soared during the pandemic but has since leveled off as restrictions ease and fewer people are house bound. So is W stock a buy now?
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