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$276.42 (-1.04%)

Volume: 984k

Closed: Nov 26, 2021

Hollow Logo Score: 1.609

Wayfair Inc Stock Forecast

$276.42 (-1.04%)

Volume: 984k

Closed: Nov 26, 2021

Score Hollow Logo 1.609
Stop-loss: $264.99 (-4.13%)
Key Stats
P/E Ratio 228.20
Beta 1.48
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 63 and the stock is currently not being overbought or oversold

Red day on Friday for Wayfair Inc stock after losing 1.04%
(Updated on Nov 26, 2021)


Buy candidate since 2021-11-24 Loss -1.04%

The Wayfair Inc stock price fell by -1.04% on the last day (Friday, 26th Nov 2021) from $279.32 to $276.42. During the day the stock fluctuated 8.32% from a day low at $275.12 to a day high of $298.00. The price has been going up and down for this period, and there has been a 13.25% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -911 thousand shares and in total, 984 thousand shares were bought and sold for approximately $272.08 million.

The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $278.92 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.21% during the next 3 months and, with a 90% probability hold a price between $203.60 and $256.02 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

Signals & Forecast

The Wayfair Inc stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $267.28 and $250.28. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, November 24, 2021, and so far it has fallen -1.04%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Wayfair Inc finds support from accumulated volume at $268.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $22.88 between high and low, or 8.32%. For the last week, the stock has had a daily average volatility of 7.55%.

Our recommended stop-loss: $264.99 (-4.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 days ago.)

Is Wayfair Inc stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.609

Predicted Opening Price for Wayfair Inc of Monday, November 29, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price November 29, 2021 Current price
$283.18 $276.42 (Undervalued)
Buy Candidate Unchanged

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Analyst Ratings

On Nov 15, 2021 "Argus" gave "" rating for W. The price target was changed from $254.00 to 1.6%.

Volatility and Risk
Daily Average Volatility: 7.55 %
Overall Risk: Very High High Medium Low Very Low
Volatility
7.55 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $277.87
Price: $276.42
Support: $268.90

W Insider Trading Show all Trades

INSIDER POWER

0.737

Last 100 transactions
Buy: 729 910 | Sell: 990 618 (Shares)
Date Action Amount Person Type
Nov 22, 2021 Buy 10 000 Choe Michael W. Class A Common Stock
Nov 19, 2021 Sell 320 000 Conine Steven Class B Common Stock
Nov 19, 2021 Sell 78 000 Conine Steven Class A Common Stock
Nov 19, 2021 Sell 39 000 Conine Steven Class A Common Stock
Nov 19, 2021 Buy 320 000 Conine Steven Class A Common Stock
Show all Insider Trades
INSIDER POWER

0.737

Last 100 transactions
Buy: 729 910 | Sell: 990 618 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 306.06 10.72 %
297.32 7.56 %
291.92 5.61 %
Current price: 276.42
Support 274.44 -0.72 %
269.04 -2.67 %
260.30 -5.83 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 286.26 3.56 %
279.32 1.05 %
277.87 0.52 %
Current price 276.42
Support 268.90 -2.72%
255.57 -7.54%
230.13 -16.75%

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About Wayfair Inc

Wayfair Wayfair Inc. engages in the e-commerce business in the United States. It offers approximately seven million products for the home under various brands. The company offers a selection of furniture, décor, decorative accent, houseware, seasonal décor, and other home goods under the Wayfair.com, Joss & Main, AllModern, DwellStudio, and Birch Lane brands. It also sells its products through online retail partners. Wayfair Inc. was founded in 2002 an... Read more

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