This is the $WAY, into Waystar – February 27, 2025
This is Scott at Scott Trades on Twitter with StockMarketMentor.com and your Chart of the Day. I want to take a look at Waystar Holding ( NASDAQ: WAY ).
One of our members asked about this stock today in a live webinar that Dan Fitzpatrick and I were on. Dan said he loved the fundamental story of this stock. To tell that story Dan brought in a MarketSurge chart.
If I bring in MarketSurge here we can see that there are a lot of positives going on fundamentally with Waystar ( NASDAQ: WAY ). Over the past three quarters, this stock has had triple-digit EPS. You can see this blue line here, the relative strength, their RS line is in a well-defined uptrend.
We can see that they have positive earnings estimates for 2025. If we go to the weekly section here we can see that the amount of funds in the stock has doubled since its IPO date. So more and more funds are getting involved with Waystar ( NASDAQ: WAY ).
They have increasing earnings and sales, and the stock is, for the most part, in a well-defined uptrend, and above all the key moving averages. We do have some market uncertainty and a lot of volatility right now. I don’t think right now is the time to buy Waystar ( NASDAQ: WAY ). But I would look for this stock to continue to consolidate above its 50-day moving average here.
If this stock can just grind sideways and give us a nice base of consolidation, something like that. And then eventually when the market turns around, whenever that might be, it’s able to break out of that base of consolidation, I would look at taking a positive here in Waystar ( NASDAQ: WAY ).
For an alert level, just to start, I would probably want to set an alert in and around $44.00, maybe just under $44.00. Then you can look for this move through $44.00 coming on volume. We can see that this level has acted as resistance before.
While the stock chops around, and while the market is volatile, I think it would be interesting to keep an eye on this stock, watch for it to consolidate, and chop around. Then look for that move through $44.00 coming on volume.
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