CHWY is trading above its 50‑day moving average with a bullish MACD crossover and RSI near 55, indicating upside potential. The Q4 earnings beat and expanding EBITDA margin toward 9% reinforce strong fundamentals.

Investor sentiment is upbeat as autoship is positioned to drive a near‑10% EBITDA margin and the Morgan Stanley conference raised the stock’s profile. Management’s positive earnings commentary sustains the bullish narrative.

While competition from Amazon and Walmart remains a risk, CHWY’s high‑retention autoship model offers a durable moat that could sustain margin expansion. If the company achieves its 10% EBITDA target, the long‑term outlook stays bullish despite execution risk.

The 20‑day EMA has crossed above the 50‑day EMA with a 30% volume spike on the earnings release, signaling a continued upward trend. Price remains above the $26 support level, confirming a bullish technical bias.