Wayfair Inc (W): Price Now Near $271.72; Daily Chart Shows Downtrend on 20 Day Basis

The Hourly View for W

Currently, W (Get Ratings)’s price is down $-7.51 (-2.69%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, so that price is now turning below it. 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 135th in terms of today’s price percentage change out of Retail stocks.

W’s Technical Outlook on the Daily Chart

At the time of this writing, W’s price is down $-2.78 (-1.01%) from the day prior. It’s been a feast for bears operating on the daily timeframe, as W has now gone down 5 of the past 5 days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. 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

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W: Daily RSI Analysis

  • For W, its RSI is now at 0.
  • W and RSI may be exhibiting divergent trends. This may be something to monitor.

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