WEN Technical Analysis - WENDY'S CO/THE

Technical Rating and Analysis

Taking everything into account, WEN scores 0 out of 10 in our technical rating. 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.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, WEN is a bad performer in the overall market: 94% of all stocks are doing better.

WEN is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 78% of 135 stocks in the same industry do better.

WEN is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.

WEN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

WEN has an average volume of 6966360 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

WEN has a poor technical rating and the quality of the setup is also only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

8.99

20.13

When analyzing the support we notice one important area.

A support zone ranging from 9.08 to 9.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice 4 important areas.

A resistance zone ranging from 10.65 to 10.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @11.14 from a trend line in the daily time frame.
Resistance @11.60 from a trend line in the daily time frame.
Resistance @19.93 from a horizontal line in the weekly time frame.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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	6.14	NEGATIVE	WEN has a low relative strength, it was outperformed by 93.86% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of WEN is above 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)	47.46	NEUTRAL	The RSI value for WEN is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.05	POSITIVE	The MACD value suggests WEN has a positive trend.
Stochastics (14,3)	55.56	NEUTRAL	The Stochastics value for WEN is a neutral value.
Average True Range in percent/ATR (20)	2.46	MEDIUM VOLATILITY	The ATR as a percentage value for WEN suggests some volalility.
Average Directional Index/ADX (14)	23.66	NEUTRAL	The ADX value for WEN suggests a possible start of a new trend.