Wayfair (ticker: $W) is facing declining sales and job cuts, leading to concerns about the company's future. The decision to cut staff is seen as a necessary move, but it reflects the company's struggling business. Manufacturing data from China, where Wayfair's products are made, is also contributing to the company's challenges. Additionally, December home sales have slumped, marking the worst year since 1995. While cutting jobs may be a step in the right direction, it is not seen as a bullish move, and the first few quarters may be impacted by restructuring charges. However, there is optimism that the stock could see a rebound if it closes above $60, potentially reaching $70. Despite previous realignment plans boosting the stock temporarily, some believe that Wayfair's shares could decline to $10 in the coming years.

W stock price is 54.77. W 52 Week low is 29.51. W 52 Week high is 90.71. W 200 day moving average is 59.54. It is currently trading below 200 day moving average. W 50 day moving average is 59.05 which is above(bearish) the current price. RSI (relative strength index) of W is 36.28 which is below (bearish) 70. Chaikin money flow (20 day) of W is -0.223 which is below (bearish) 0.