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published in Blogs
Dec 17, 2020

Holiday Online Trading Spike has Wayfair Inc. (W, $272.23) and Shopify (SHOP, $1074.1) Moving Up in Tandem

After record-shattering Black Friday and Cyber Monday sales, Wayfair Inc. (W) and Shopify (SHOP) appear to be moving in tandem, with projected strong short-term average growth of 15.5% within the last month. Tickeron’s technical indicators point to a continued growth for Wayfair, amplified by its breakout from the trendline support and resistance: having bounced off the new $270.15 support line, the price is climbing toward the new $290.07 resistance line.

Zack’s Investment Research included Wayfair in its Top 5 Breakthrough Stocks of 2020, with an impressive 170% year-to-date growth. Tickeron tracked a 224% growth for Wayfair in 2020.

In contrast, Shopify looks to be due for a decline as it breakout out of its highest and latest resistance line. Historically, since July 2020, the stock balances between a lowest support of $885 and a highest resistance of $1134.

On December 15, 2020, Investorplace warned traders to sell Shopify before year-end, citing analysts who believe it to be overvalued an due for correction. (With a 231% price growth since March, a soaring $1,054.76 per share certainly raises eyebrows.) However, a day later, on December 16, Investorplace corrected themselves and published a strong buy on Shopify. 

Related Ticker: W

W in upward trend: price rose above 50-day moving average on February 27, 2024

W moved above its 50-day moving average on February 27, 2024 date and that indicates a change from a downward trend to an upward trend. In of 42 similar past instances, the stock price increased further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Momentum Indicator moved above the 0 level on February 22, 2024. You may want to consider a long position or call options on W as a result. In of 81 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for W just turned positive on February 22, 2024. Looking at past instances where W's MACD turned positive, the stock continued to rise in of 42 cases over the following month. The odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where W advanced for three days, in of 292 cases, the price rose further within the following month. The odds of a continued upward trend are .

Bearish Trend Analysis

The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.

The 50-day moving average for W moved below the 200-day moving average on February 14, 2024. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.

Following a 3-day decline, the stock is projected to fall further. Considering past instances where W declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

W broke above its upper Bollinger Band on February 27, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

The Aroon Indicator for W entered a downward trend on February 28, 2024. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

Fundamental Analysis (Ratings)

Fear & Greed

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. W’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (17.801). P/E Ratio (147.059) is within average values for comparable stocks, (76.234). W's Projected Growth (PEG Ratio) (23.500) is very high in comparison to the industry average of (3.379). Dividend Yield (0.000) settles around the average of (0.031) among similar stocks. P/S Ratio (0.571) is also within normal values, averaging (4.226).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. W’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 92, placing this stock worse than average.

Notable companies

The most notable companies in this group are Amazon.com (NASDAQ:AMZN), Alibaba Group Holding Limited (NYSE:BABA), PDD Holdings (NASDAQ:PDD), JD.com (NASDAQ:JD), eBay (NASDAQ:EBAY), Vipshop Holdings Limited (NYSE:VIPS), Chewy (NYSE:CHWY), Wayfair (NYSE:W), Just Eat Takeaway.com NV (OTC:JTKWY), Revolve Group (NYSE:RVLV).

Industry description

The internet retail industry includes companies that sell products and services through the Internet. With more and more consumers using online retailers, the companies have seen a big increase in the use of their services. Some of the companies in the group are focused on selling business-to-business products and services. Others sell business-to-consumer products and services. Internet retailers offer a wide variety of products like books, apparel, and electronics. Some companies even specialize in only one or two categories. One potentially critical factor for players to thrive in this space is the quality and speed of product delivery. This requires an investment in efficient distribution networks. Things like logistics are important factors in the success in the extremely competitive industry. For a company to stay relevant in the industry it must have effective pricing strategies and upgraded websites. The websites must be easy to navigate and engaging for customers. In addition to the revenues generated from straight sales, internet retailers can generate revenue from subscription fees and advertising. Amazon.com, Inc., Alibaba Group, and JD.com are some of the global leaders.

Market Cap

The average market capitalization across the Internet Retail Industry is 33.91B. The market cap for tickers in the group ranges from 30 to 1.85T. AMZN holds the highest valuation in this group at 1.85T. The lowest valued company is YUKA at 30.

High and low price notable news

The average weekly price growth across all stocks in the Internet Retail Industry was 3%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was -9%. JMIA experienced the highest price growth at 61%, while RDBBF experienced the biggest fall at -30%.

Volume

The average weekly volume growth across all stocks in the Internet Retail Industry was -15%. For the same stocks of the Industry, the average monthly volume growth was -7% and the average quarterly volume growth was 2%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 62
P/E Growth Rating: 69
Price Growth Rating: 51
SMR Rating: 77
Profit Risk Rating: 91
Seasonality Score: 23 (-100 ... +100)
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A.I.Advisor
published price charts
A.I. Advisor
published General Information

General Information

an online home furnishing store

Industry InternetRetail

Profile
Fundamentals
Details
Industry
Internet Retail
Address
4 Copley Place
Phone
+1 617 532-6100
Employees
15745
Web
https://www.wayfair.com
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W and

Correlation & Price change

A.I.dvisor indicates that over the last year, W has been loosely correlated with CVNA. These tickers have moved in lockstep 65% of the time. This A.I.-generated data suggests there is some statistical probability that if W jumps, then CVNA could also see price increases.

1D
1W
1M
1Q
6M
1Y
5Y
Ticker /
NAME
Correlation
To W
1D Price
Change %
W100%
+0.87%
CVNA - W
65%
Loosely correlated
+9.26%
JMIA - W
47%
Loosely correlated
+13.46%
ETSY - W
44%
Loosely correlated
-2.65%
BYON - W
42%
Loosely correlated
+0.15%
BZUN - W
41%
Loosely correlated
N/A
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