The Hourly View for W
At the time of this writing, W (Get Ratings)’s price is up $5.47 (1.7%) from the hour prior. The hourly chart shows that W has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Of note is that the 100 and 200 hour changed directions on W; they are now pointing up. 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 4th 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 up $8.42 (2.64%) from the day prior. It’s been a feast for bulls operating on the daily timeframe, as W has now gone up 5 of the past 5 days. From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes. Of note is that the 20 and 50 day changed directions on W; they are now pointing up. 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.