Wayfair Inc (W): Price Up $8.78 (3.15)% Over Past Day, Down $-3.78 (-1.29)% Over Past Hour

The Hourly View for W

At the moment, W (Get Ratings)’s price is down $-3.78 (-1.29%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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.

Out of Retail stocks, W ranks 6th in regards to today’s price percentage change.

W’s Technical Outlook on the Daily Chart

Currently, W’s price is up $8.78 (3.15%) from the day prior. W has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls. As for the trend on the daily timeframe, we see the clearest trend on the 50 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

  • W’s RSI now stands at 65.8456.
  • W and RSI may be exhibiting divergent trends. This may be something to monitor.

For W News Traders

News traders keeping an eye on W may find value in this recent story:

Is Wayfair Stock A Buy After Mixed Q2 Earnings Report?

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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