Wayfair Inc (W): Price Now Near $318.05; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for W

Currently, W (Get Ratings)’s price is up $0.93 (0.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 200 hour moving average has been crossed, with price now being above it. The moving averages on the hourly 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.

W ranks 144th 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 $-5.11 (-1.58%) from the day prior. This is the 2nd day in a row W has seen its price head down. As for the trend on the daily timeframe, we see the clearest trend on the 50 day timeframe. Of note is that the 50 day changed directions on W; it is now pointing down. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. Wayfair Inc’s price action over the past 90 days can be seen via the chart below.

W

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