Taking everything into account, WING scores 2 out of 10 in our technical rating. Recently some decent action could be observed, but in the medium term time frame this is still negative. WING was also a bad performer in the overall market in the last year.
WING has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 255.98, a Stop Loss order could be placed below this zone.
More info and screens
208.14
We found 4 important support areas.
- A support zone ranging from 247.21 to 255.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @243.08 from a trend line in the daily time frame.
- A support zone ranging from 235.23 to 235.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 210.24 to 213.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @264.74 from a horizontal line in the weekly time frame.
- Resistance @274.92 from a horizontal line in the daily time frame.
- Resistance @339.49 from a trend line in the weekly time frame.
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 WING is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for WING is up. |
| ChartMill Relative Strength | 31.09 | NEUTRAL | WING is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WING is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WING is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of WING is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.45 | NEUTRAL | The RSI value for WING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.62 | POSITIVE | The MACD value suggests WING has a positive trend. |
| Stochastics (14,3) | 69.75 | NEUTRAL | The Stochastics value for WING is a neutral value. |
| Average True Range in percent/ATR (20) | 4.18 | MEDIUM VOLATILITY | The ATR as a percentage value for WING suggests some volalility. |
| Average Directional Index/ADX (14) | 11.63 | NEGATIVE | The low ADX value for WING suggests a weak or negative trend. |
256.19
+1.87 (+0.74%)
WINGSTOP INC / WING FAQ
Can you provide the ChartMill technical rating for WINGSTOP INC?
ChartMill assigns a technical rating of 2 / 10 to WING.
What is the current trend direction of WINGSTOP INC (WING) stock?
The current trend direction for WINGSTOP INC (WING) is Bearish.
What is the RSI signal for WINGSTOP INC (WING) stock?
WINGSTOP INC (WING) has an RSI value of 54.4466. This indicates that the stock is currently neutral.
What is the MACD signal for WINGSTOP INC (WING) stock?
The MACD indicator for WINGSTOP INC (WING) has a value of 0.624817, indicating a bearish trend.
Can you provide the short term momentum for WINGSTOP INC?
The short term momentum for WINGSTOP INC (WING) is positive.