WAYFAIR INC. CLASS A - Daily - Technical analysis published on 10/16/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Strongly bearish
Technical indicators
44%
22%
33%
My opinion
Bearish under 117.24 USD
My targets
107.32 USD (-2.04%)
80.53 USD (-26.50%)
My analysis
The bearish trend is currently very strong for WAYFAIR INC. CLASS A. As long as the price remains below the resistance at 117.24 USD, you could try to take advantage of the bearish rally. The first bearish objective is located at 107.32 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 80.53 USD as an objective. Crossing it would then enable sellers to target 62.34 USD. Be careful, given the powerful bearish rally underway, excesses could lead to a short-term rebound. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
FORCE
0
10
5.4
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The WAYFAIR INC. CLASS A price is 109.56 USD. The price registered an increase of +0.53% on the session and was between 109.13 USD and 110.36 USD. This implies that the price is at +0.39% from its lowest and at -0.72% from its highest.109.13
110.36
109.56
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this WAYFAIR INC. CLASS A chart shows a sharp bearish trend. 92.86% of the signals given by moving averages are bearish. The overall trend is supported by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
On the 18 technical indicators analysed, 8 are bullish, 6 are neutral and 4 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
MACD crosses UP its Moving Average
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Near horizontal resistance
Type : Bearish
Timeframe : Daily
For a small rebound in the very short term, the Central Candlesticks scanner currently notes the presence of this bullish pattern in Japanese candlesticks:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 62.34 | 80.53 | 107.32 | 109.56 | 117.24 | 137.78 | 149.92 |
| Change (%) | -43.10% | -26.50% | -2.04% | - | +7.01% | +25.76% | +36.84% |
| Change | -47.22 | -29.03 | -2.24 | - | +7.68 | +28.22 | +40.36 |
| Level | Minor | Major | Major | - | Intermediate | Major | Intermediate |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 100.99 | 103.06 | 106.02 | 108.10 | 111.06 | 113.13 | 116.09 |
| Camarilla | 107.60 | 108.06 | 108.52 | 108.98 | 109.44 | 109.90 | 110.37 |
| Woodie | 101.43 | 103.28 | 106.46 | 108.32 | 111.50 | 113.35 | 116.53 |
| Fibonacci | 103.06 | 104.99 | 106.18 | 108.10 | 110.02 | 111.21 | 113.13 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 93.58 | 97.67 | 102.72 | 106.81 | 111.86 | 115.95 | 121.00 |
| Camarilla | 105.26 | 106.09 | 106.93 | 107.77 | 108.61 | 109.45 | 110.28 |
| Woodie | 94.06 | 97.91 | 103.20 | 107.05 | 112.34 | 116.19 | 121.48 |
| Fibonacci | 97.67 | 101.16 | 103.32 | 106.81 | 110.30 | 112.46 | 115.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 74.26 | 91.13 | 101.63 | 118.50 | 129.00 | 145.87 | 156.37 |
| Camarilla | 104.59 | 107.10 | 109.61 | 112.12 | 114.63 | 117.14 | 119.65 |
| Woodie | 71.07 | 89.54 | 98.44 | 116.91 | 125.81 | 144.28 | 153.18 |
| Fibonacci | 91.13 | 101.59 | 108.05 | 118.50 | 128.96 | 135.42 | 145.87 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 44.67 | |
| MACD (12,26,9): | -3.8000 | |
| Directional Movement: | -9.76 | |
| AROON (14): | -35.71 | |
| DEMA (21): | 105.67 | |
| Parabolic SAR (0,02-0,02-0,2): | 100.90 | |
| Elder Ray (13): | 0.67 | |
| Super Trend (3,10): | 119.32 | |
| Zig ZAG (10): | 109.26 | |
| VORTEX (21): | 0.7500 | |
| Stochastique (14,3,5): | 41.87 | |
| TEMA (21): | 104.91 | |
| Williams %R (14): | -50.73 | |
| Chande Momentum Oscillator (20): | -2.29 | |
| Repulse (5,40,3): | 3.0400 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | -0.5000 | |
| Courbe Coppock: | 18.47 |
| MA7: | 106.68 | |
| MA20: | 110.95 | |
| MA50: | 116.06 | |
| MA100: | 130.95 | |
| MAexp7: | 107.77 | |
| MAexp20: | 110.74 | |
| MAexp50: | 117.81 | |
| MAexp100: | 125.20 | |
| Price / MA7: | +2.70% | |
| Price / MA20: | -1.25% | |
| Price / MA50: | -5.60% | |
| Price / MA100: | -16.33% | |
| Price / MAexp7: | +1.66% | |
| Price / MAexp20: | -1.07% | |
| Price / MAexp50: | -7.00% | |
| Price / MAexp100: | -12.49% |
News
Don"t forget to follow the news on WAYFAIR INC. CLASS A. At the time of publication of this analysis, the latest news was as follows:
- Wayfair Introduces New Flagship Brand, Hykkon
- Wayfair Unveils Winners of Dream Classroom Giveaway
- Wayfair Schedules Third Quarter 2019 Earnings Release and Conference Call
- Wayfair Professional Launches Turn-key Solution for Business Customers to Furnish Spaces
- Wayfair Appoints Anke Schäferkordt to Board of Directors
This member declared not having a position on this financial instrument or a related financial instrument.
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