Arhaus Inc

ARHS sits in a Stage 3 Distribution with emerging lower highs, declining short-term EMAs containing rallies, and a bearish exhaustion pattern signaling weakening upside momentum. The long-term downtrend remains intact with price below the 200-day MA, reinforcing medium-term bearish bias. Timing is currently indeterminate as price hovers around the 9/20-day EMAs, so we will defer execution and look to trim into any failed bounce at those EMAs.

• ↑Q1 2026 revenue guidance of $1.43–1.47 B implies 3.7–6.6% YoY growth.
• ↑Investing in digital transformation and new showrooms to boost engagement.
• ↓High leverage raises debt servicing costs amid rate hikes.