Overall WEN gets a technical rating of 0 out of 10. WEN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, WEN does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.60. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for WEN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
8.21
3 important resistance areas can be observed.
- A resistance zone ranging from 8.60 to 8.61. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 8.91 to 8.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 9.20 to 9.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for WEN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WEN is down. |
| ChartMill Relative Strength | 8.63 | NEGATIVE | WEN has a low relative strength, it was outperformed by 91.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WEN is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WEN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WEN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 42.23 | NEUTRAL | The RSI value for WEN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests WEN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 7.48 | OVERSOLD | The low Stochastics value suggests WEN may be oversold. |
| Average True Range in percent/ATR (20) | 4.5 | MEDIUM VOLATILITY | The ATR as a percentage value for WEN suggests some volalility. |
| Average Directional Index/ADX (14) | 20.06 | NEUTRAL | The ADX value for WEN suggests a possible start of a new trend. |
8.29
+0.42 (+5.34%)
WENDY'S CO/THE / WEN FAQ
What is the technical rating for WEN stock?
ChartMill assigns a technical rating of 0 / 10 to WEN.
What is the current trend direction of WENDY'S CO/THE (WEN) stock?
The current trend direction for WENDY'S CO/THE (WEN) is Bearish.
Can you provide the RSI signal for WENDY'S CO/THE?
WENDY'S CO/THE (WEN) has an RSI value of 42.2257. This indicates that the stock is currently neutral.
Can you provide the short term momentum for WENDY'S CO/THE?
The short term momentum for WENDY'S CO/THE (WEN) is negative.
What is the support and resistance level for WEN stock?
WENDY'S CO/THE (WEN) has a resistance level at 8.6. Check the full technical report for our detailed analysis of WEN support and resistance levels.