Today(01 Jun) Stock Pick From A.I. model - Chewy, Inc. (CHWY)

Today (01 June 2023) the premarket futures is mixed, as investors might be still concerned that rate hike might be coming back.

BoA has arguably mentioned that these 3 conditions are met.

  1. strong economic data,

  2. an increase in the debt ceiling, and

  3. subdued regional bank stress

https://www.forexlive.com/centralbank/boa-says-the-feds-3-conditions-for-a-rate-hike-have-been-met-20230530/

Here is the today’s stock pick by A.I.

We have $Chewy, Inc.(CHWY)$ as they have reported a surprise profit of 20 cents a share, beating estimates for a loss of 4 cents a share.

I would look at target Entry Price to be around $33-$33.50, if it goes below $33 I will check Bear strength , if go above $34.50 and maintain, CHWY could be headed above $36.

Chewy, Inc. (CHWY) Technical Indicators

Chewy, Inc. (CHWY) Relative Strength Index (RSI) is 37.70, creating a Neutral signal.

Chewy, Inc. (CHWY) Trend Strength Indicator (ADX) is 18.87, creating a Buy signal.

Chewy, Inc. (CHWY) Commodity Channel Index (CCI) is -132.91, creating a Buy signal.

Summary

Do take cautious in trading stocks that has risen on news, this might be a short term surge.

I will monitor closely how it will be trading 1-2 hours in premarket before actual trading starts at 9.30am(EST).

Appreciate if you could share your thoughts in the comment section how would you be trading today?

Do like, share and comment on this article if you find this trading thought useful.

@TigerStars @Daily_Discussion appreciate if you could feature this article so that fellow tiger would benefit from my investing and trading thoughts.

Disclaimer: The analysis and result presented does not recommend or suggest any investing in the said stock. This is purely for Analysis.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • GriseldaBrown
    ·2023-06-01
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    Chewy is projected to beat when it announces earnings next week. If it raises guidance too that would be great! If the shorts are still in control, stock price will probably drop. A short squeeze is just as possible as the sun coming up tomorrow. Beat, raise guidance, big institutional holder call in stock certificates, shorts are toast.

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  • AprilBridges
    ·2023-06-01
    TOP

    Andrew on this board is a more on.He thinks chewy is going higher.I will buy CHWY when it goes under $10.

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  • BenedictMill
    ·2023-06-01

    So many children playing on this board that is meant for adult investors. After earnings next week we can say bye bye.......Go Chewy!!!!!!

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  • BorgPetty
    ·2023-06-01

    Chewy has beaten the estimates for four quarters in a row. It will be five after the bell.

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  • MalcolmEmily
    ·2023-06-01

    Just hit some short term options on chewy CNSP micro float is about to take off.

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  • mars_venus
    ·2023-06-01
    Great ariticle, would you like to share it?
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  • WG1
    ·2023-06-20
    好的
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