WING Technical Analysis - WINGSTOP INC

Technical Rating and Analysis

Taking everything into account, WING scores 0 out of 10 in our technical rating. WING 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, WING is a bad performer in the overall market: 95% of all stocks are doing better.

WING is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 78% are performing better than WING.

WING is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month WING has a been trading in the 243.93 - 342.10 range, which is quite wide. It is currently trading near the lows of this range.

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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

The technical rating of WING is bad and it also does not present a quality setup 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

211.06

385.27

When analyzing the support we notice one important area.

Support @213.19 from a horizontal line in the weekly time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 298.34 to 299.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @355.33 from a trend line in the weekly time frame.
Resistance @381.46 from a horizontal line in the daily time frame.

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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 WING is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for WING is down.
ChartMill Relative Strength	5.75	NEGATIVE	WING has a low relative strength, it was outperformed by 94.25% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of WING is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of WING is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of WING is below a declining SMA(200).
Relative Strength Index/RSI (14)	26.12	OVERSOLD	The low RSI value suggests WING may be oversold.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.94	NEGATIVE	The MACD value suggests WING has a negative trend, although the MACD value is rising.
Stochastics (14,3)	6.38	OVERSOLD	The low Stochastics value suggests WING may be oversold.
Average True Range in percent/ATR (20)	4.77	MEDIUM VOLATILITY	The ATR as a percentage value for WING suggests some volalility.
Average Directional Index/ADX (14)	40.84	POSITIVE	The high ADX value value for WING suggests a strong trend.