Chewy Inc (CHWY)
Chewy, Inc., is dedicated to the pure business of e-commerce in the United States. The company is headquartered in Dania Beach, Florida.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 144.25% per annum.
- CHWY price at the close of April 28, 2025 was $37.14 and was lower than the bottom border of the primary price channel by $0.74 (1.96%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.28% per annum.
- CHWY price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $3.07 (9.02%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of CHWY price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: January 30, 2024
End date: March 6, 2025
a = -0.6232
b = 0.0024
s = 0.1037
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0024) – 1
= 144.25%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1037) – 1
= 51.41%
January 30, 2024 calculations
Top border of price channel:
Exp(Y944)
= Exp(a + b × X944 + 2 × s)
= Exp(a + b × 1,371 + 2 × s)
= Exp(-0.6232 + 0.0024 × 1,371 + 2 × 0.1037)
= Exp(2.9385)
= $18.89
Bottom border of price channel:
Exp(Y944)
= Exp(a + b × X944 – 2 × s)
= Exp(a + b × 1,371 – 2 × s)
= Exp(-0.6232 + 0.0024 × 1,371 – 2 × 0.1037)
= Exp(2.5237)
= $12.47
March 6, 2025 calculations
Top border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 + 2 × s)
= Exp(a + b × 1,772 + 2 × s)
= Exp(-0.6232 + 0.0024 × 1,772 + 2 × 0.1037)
= Exp(3.9196)
= $50.38
Bottom border of price channel:
Exp(Y1,219)
= Exp(a + b × X1,219 – 2 × s)
= Exp(a + b × 1,772 – 2 × s)
= Exp(-0.6232 + 0.0024 × 1,772 – 2 × 0.1037)
= Exp(3.5048)
= $33.27
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 144.25% per annum.
- CHWY price at the close of April 28, 2025 was $37.14 and was lower than the bottom border of the primary price channel by $0.74 (1.96%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: January 3, 2025
End date: April 10, 2025
a = 6.9379
b = -0.0019
s = 0.0422
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0019) – 1
= -50.28%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0422) – 1
= 18.39%
January 3, 2025 calculations
Top border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 + 2 × s)
= Exp(a + b × 1,710 + 2 × s)
= Exp(6.9379 + -0.0019 × 1,710 + 2 × 0.0422)
= Exp(3.7485)
= $42.46
Bottom border of price channel:
Exp(Y1,178)
= Exp(a + b × X1,178 – 2 × s)
= Exp(a + b × 1,710 – 2 × s)
= Exp(6.9379 + -0.0019 × 1,710 – 2 × 0.0422)
= Exp(3.5796)
= $35.86
April 10, 2025 calculations
Top border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 + 2 × s)
= Exp(a + b × 1,807 + 2 × s)
= Exp(6.9379 + -0.0019 × 1,807 + 2 × 0.0422)
= Exp(3.5628)
= $35.26
Bottom border of price channel:
Exp(Y1,244)
= Exp(a + b × X1,244 – 2 × s)
= Exp(a + b × 1,807 – 2 × s)
= Exp(6.9379 + -0.0019 × 1,807 – 2 × 0.0422)
= Exp(3.3939)
= $29.78
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 50.28% per annum.
- CHWY price at the close of April 28, 2025 was higher than the top border of the secondary price channel by $3.07 (9.02%). This indicates a possible reversal in the secondary trend direction.