Quick Take Technical Analysis: Chewy, Inc
Quick Take Technical Analysis: Chewy, Inc
Chewy, Inc (NYSE:CHWY) reached a high of $97.74 on Aug. 13 before entering into a steep downtrend, which was exacerbated by a bearish reaction to its second-quarter earnings print on Sept. 2. The stock then hit a bottom on Oct. 12 and bounced up, which indicated a trend change may be in the works.
- Chewy is now trading in a confirmed uptrend after printing an Oct. 20 high of $67, which was above the previous lower high of $66.52 made on Oct. 7.
- The stock may be settling into a bull flag pattern on the daily chart, with the pole created between Oct. 12 and Oct. 20 and the flag between Wednesday and Friday.
- If the bull flag pattern is recognized the measured move, calculated by determining the length of the pole, is about 10%, which indicates Chewy could trade up toward the $71 mark in the future.
- There is a gap above between $81.37 and $86.60, and because gaps fill about 90% of the time it is likely Chewy will trade up into the range in the future.
- Chewy must hold above the $61.90 level to maintain the uptrend.
- There is resistance above at $67.76 and $71.71 and support below at $63.87 and $60.45.
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Chewy, Inc (NYSE:CHWY) reached a high of $97.74 on Aug. 13 before entering into a steep downtrend, which was exacerbated by a bearish reaction to its second-quarter earnings print on Sept. 2. The stock then hit a bottom on Oct. 12 and bounced up, which indicated a trend change may be in the works.
Chewy,Inc.(纽约证券交易所股票代码:CHWY)在8月13日达到97.74美元的高点,随后进入大幅下跌趋势,9月13日公布的第二季度收益报告引发的悲观反应加剧了这一趋势。2.该股随后在10月12日触底反弹,这表明趋势可能正在发生变化。
- Chewy is now trading in a confirmed uptrend after printing an Oct. 20 high of $67, which was above the previous lower high of $66.52 made on Oct. 7.
- The stock may be settling into a bull flag pattern on the daily chart, with the pole created between Oct. 12 and Oct. 20 and the flag between Wednesday and Friday.
- If the bull flag pattern is recognized the measured move, calculated by determining the length of the pole, is about 10%, which indicates Chewy could trade up toward the $71 mark in the future.
- There is a gap above between $81.37 and $86.60, and because gaps fill about 90% of the time it is likely Chewy will trade up into the range in the future.
- Chewy must hold above the $61.90 level to maintain the uptrend.
- There is resistance above at $67.76 and $71.71 and support below at $63.87 and $60.45.
- Chewy目前的交易趋势得到确认,此前该公司印制了10月20日创下的67美元的高点,高于10月7日创下的66.52美元的前一次较低高点。
- 该股可能会在日线图上形成牛旗模式,柱子在10月12日至10月20日之间创建,旗帜在周三至周五之间创建。
- 如果牛旗图案被识别,通过确定杆子的长度计算出的测量移动幅度约为10%,这表明Chewy未来可能会向上交易至71美元大关。
- 在81.37美元和86.60美元之间有一个缺口,由于缺口填补了大约90%的时间,因此Chewy未来很可能会在这个区间内交易。
- Chewy必须守在61.90美元水准上方才能维持升势。
- 上方在67.76美元和71.71美元有阻力,下方在63.87美元和60.45美元有支撑。
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译文内容由第三方软件翻译。
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