Chewy, Inc. | CHWY

Daily Technical Analysis of Chewy, Inc.

Chewy had a nice pop today and is currently up 3.31% we'll see if the cash keeps flowing in.

Currently CHWY isn't at a clear support/resistance line that seems tradable. Chewy hasn't shown a lot of strength recently, shareholders don't seem that energized about the Retail company's future prospects. It may keep moving up to $39.1 and hit some selling pressure. Hard to say though...

Analyst Ratings for Chewy By Price Target And Rating

The analysts feel pretty optimistic about Chewy and have been assigning positive ratings. The current Analysts Sentiment Score is 209.81. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. Deutsche Bank Aktiengesel announced a lowering of their price target to $41.00 from $51.00 on 2023-03-20. Roth Mkm initiated a rating of Buy on 2023-03-10 and they set their price target at $52.00.On 2023-03-09 there was confirmation of the previous rating by Roth Capital which was Buy. Needham & Company LLC announced that they are reiterating a rating of Buy on 2023-03-07 and they set their price target at $55.00. On 2023-02-15 Gordon Haskett initiated their coverage and rated as Hold and provided a price target of $46.00. On 2023-01-27 there was an upgrade provided by Wedbush from Neutral to Outperform and also increased their price target by 57.14% to $55.00. Morgan Stanley announced a lowering of their price target to $31.00 from $32.00 on 2023-01-18. Evercore ISI provided a price target boost to 55.00 on 2022-12-12. Robert W. Baird provided a price target boost of 11.11% to $50.00 from $45.00 on 2022-12-09. On 2022-12-09 Barclays increased their price target by 16.67% to $35.00.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
CHWY	209.81	321.83	-30.27	197.54	-69.49

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2022-11-28)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
CHWY	5.33	5.80

Short interest for Chewy

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
CHWY	15.25	%25.2	6.1	-3.036	23520000

How Chewy compares to the broader Consumer Cyclical sector and the more specific Retail - Apparel & Specialty industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Retail - Apparel & Specialty Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	88	0.57	5.57	3.93	2.82	-0.67	-12.85	62.51	-32.71	-14.02	-19.94	-13448.49	-4327.77	9.66	7.95	8.08	22.87
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	408	-0.09	4.48	4.55	5.80	7.09	-0.55	65.99	-4.19	1.87	-4.91	-13255.07	-9006.68	9.68	3.98	5.90	19.92

Social Sentiment for Chewy

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
CHWY	4.00

Companies with the highest correlation to Chewy

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Short Interest Score
SHOP \| Shopify Inc. Class A subo	0.86	1.09	3.89	-4.71	37.68	56.42	53.80	61	101.04	84.90	70.61	189.80	-23754.65	0	2.60634
W \| Wayfair Inc.	0.85	9.13	24.97	49.23	70.55	51.08	-4.91	96	1.25	0.59	-5.21	-18132.63	-10110.57	100	21.1158
ETSY \| Etsy, Inc.	0.84	0.24	3.26	-8.90	-16.19	-32.54	3.42	63	-120.49	-34.47	-31.11	-17266.39	-1612.98	0	6.67213
DDOG \| Datadog, Inc. Class A Com	0.75	2.34	-3.03	10.54	41.81	40.28	-10.78	60	15.15	17.91	19.87	-8378.46	-7020.62	0	5.03816
ESTC \| Elastic N.V.	0.74	1.23	-5.34	16.12	23.92	31.62	-12.61	45	18.27	15.51	7.75	-1109.74	-5030.99	0	1.51469
SQ \| Block, Inc.	0.74	-1.14	6.28	13.88	-11.00	7.23	-22.73	84	-13.44	-14.78	-27.68	-17829.66	-5761.37	0	4.58836
MDB \| MongoDB, Inc. Class A	0.74	1.56	-0.53	41.73	76.45	109.93	25.18	83	33.36	27.63	14.05	-1660.24	-14026.90	100	5.37929
CYBR \| CyberArk Software Ltd.	0.73	0.27	0.92	5.59	8.13	10.83	5.18	46	14.23	19.72	17.07	-538.37	-7542.41	0	5.11812

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