Long on CHWYCHWY is currently in a descending wedge with bullish RSI divergence. Look for a breakout and retest of support zone for entry, stoploss at last swing low and will be moving SL to BE when safe to do so.
0.09USD
39.58 MUSD
11.15 BUSD
130.87 M
About Chewy, Inc.
Sector
Industry
CEO
Sumit Singh
Website
Headquarters
Plantation
Employees (FY)
18.1 K
Founded
2011
ISIN
US16679L1098
FIGI
BBG00P19DKZ6
Chewy, Inc. operates as a pure-play pet e-tailer in the United States. It supplies pet medications, food, treats and other pet-health products and services for dogs, cats, fish, birds, small pets, horses, and reptiles. The company was founded by Ryan Cohen and Michael Day in September 2011 and is headquartered in Dania Beach, FL.
CHWY, 3/26-4/5, 9.5% profitOn 3/20/2024, Chewy (CHWY) reported earnings of $0.04 per share on revenue of $2.83 billion for the fiscal fourth quarter ended January 2024. The consensus estimate was a loss of $0.05 per share on revenue of $2.81 billion.
CHWY Weekly ChartCHWY has had its ass beat for a long time now. However, things may be turning around soon.
Pictured above is a big-ass wedge formation as well as bearish divergence on both the RSI and the MFI which indicates to me that we could be looking at a major reversal to the upside.
Despite the decline in
5 waves down, Now ABC UPChewy looks to be at the end of a 5 impulse down. RSI on the weekly is showing a bullish divergence. I think the ABC correction will be in the works soon.
The Monthly chart also shows a bullish divergence on RSI. The higher the time frame the stronger the reversal will be on bull divs.
CHEWY Bullish Butterfly and Dragon CHEWY Bullish Butterfly and Dragon . Entry between $15.80 to $16.50. Take profits around 29$ and 40$. Stop loss below $14.50. Approximately 15 to 1 risk to reward.
Chewy Faces Pet Industry Headwinds: Will the E-Tailer Persevere?Despite delivering better-than-expected quarterly results, the online pet food and accessories retailer faces headwinds stemming from moderating pet ownership trends. While Chewy's ( NYSE:CHWY ) outlook may have dampened investor sentiment, its commitment to continued growth and market share expansi
CHWY potential buy setupReasons for bullish bias:
- Price has tested support
- An entry at the lower highs (LH) breakout for trend confirmation
- Bullish divergence
- Megaphone pattern
- XABCD pattern on weekly
- Earnings on 20th March, NYSE:CHWY might show good moves
Here are the recommended trading levels:
Entry Level
The bounce back for Chewy NYSE:CHWY has been in the dog pound and nearing all-time lows. With a generation of single millennials adopting furry friends for some much-needed companionship, Chewy is bound to have its day in the sun (Ayyy don't kill the messenger just observation 🤣 )
At this discounted price, I'd say Chewy is
Most likely towards 12-10 rangeThis looks bearish. If it breaks below 17-18 then most likely it will hit 10-12 range. If it does then expect it to recover back to 24.
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Frequently Asked Questions
The current price of CHWY is 16.15 USD — it has increased by 0.19% in the past 24 hours.
Depending on the exchange, the stock ticker may vary. For instance, on NYSE exchange Chewy, Inc. stocks are traded under the ticker CHWY.
Chewy, Inc. is going to release the next earnings report on May 29, 2024. Keep track of upcoming events with our Earnings Calendar.
CHWY stock is 4.06% volatile and has beta coefficient of 1.50. Check out the list of the most volatile stocks — is Chewy, Inc. there?
One year price forecast for Chewy, Inc. has a max estimate of 32.00 USD and a min estimate of 16.50 USD.
CHWY earnings for the last quarter are −0.08 USD per share, whereas the estimation was −0.06 USD resulting in a −36.83% surprise. The estimated earnings for the next quarter are −0.04 USD per share. See more details about Chewy, Inc. earnings.
Chewy, Inc. revenue for the last quarter amounts to 2.74 B USD despite the estimated figure of 2.75 B USD. In the next quarter revenue is expected to reach 2.80 B USD.
Yes, you can track Chewy, Inc. financials in yearly and quarterly reports right on TradingView.
CHWY stock has fallen by 11.70% compared to the previous week, the month change is a 5.56% fall, over the last year Chewy, Inc. has showed a 50.05% decrease.
CHWY net income for the last quarter is 34.26 M USD, while the quarter before that showed −35.81 M USD of net income which accounts for 195.68% change. Track more Chewy, Inc. financial stats to get the full picture.
Today Chewy, Inc. has the market capitalization of 7.01 B, it has increased by 6.73% over the last week.
No, CHWY doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
Like other stocks, CHWY shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade Chewy, Inc. stock right from TradingView charts — choose your broker and connect to your account.
As of Apr 19, 2024, the company has 18.10 K employees. See our rating of the largest employees — is Chewy, Inc. on this list?
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So Chewy, Inc. technincal analysis shows the sell today, and its 1 week rating is strong sell. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating Chewy, Inc. stock shows the sell signal. See more of Chewy, Inc. technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.
We've gathered analysts' opinions on Chewy, Inc. future price: according to them, CHWY price has a max estimate of 32.00 USD and a min estimate of 16.50 USD. Read a more detailed Chewy, Inc. forecast: see what analysts think of Chewy, Inc. and suggest that you do with its stocks.
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. Chewy, Inc. EBITDA is 130.30 M USD, and current EBITDA margin is 1.03%. See more stats in Chewy, Inc. financial statements.