WINGSTOP INC (WING) Stock Technical Analysis
NASDAQ:WING - Nasdaq - US9741551033 - Common Stock - Currency: USD
Taking everything into account, WING scores 3 out of 10 in our technical rating. WING was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
When comparing the yearly performance of all stocks, WING is a bad performer in the overall market: 80% of all stocks are doing better.
WING is part of the Hotels, Restaurants & Leisure industry. There are 131 other stocks in this industry, of which 63% are performing better than WING.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
WING is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so WING is lagging the market.
In the last month WING has a been trading in the 281.59 - 381.45 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
286.54
385.27
When analyzing the support we can see 3 important areas.
- Support @316.03 from a trend line in the weekly time frame.
- A support zone ranging from 302.00 to 305.04. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @289.43 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 326.88 to 329.49. 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 337.07 to 342.74. 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 362.46 to 362.64. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Resistance @381.46 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for WING is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WING is neutral. |
| ChartMill Relative Strength | 20.23 | NEGATIVE | WING has a low relative strength, it was outperformed by 79.77% 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 | MIXED | The current price of WING is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.6 | NEUTRAL | The RSI value for WING is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests WING has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 55.31 | NEUTRAL | The Stochastics value for WING is a neutral value. |
| Average True Range in percent/ATR (20) | 5.39 | HIGH VOLATILITY | The high ATR as a percentage value for WING suggests high volalility. |
| Average Directional Index/ADX (14) | 18.15 | NEGATIVE | The low ADX value for WING suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
325.59
-17.14 (-5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-5%
1 Week-1.55%
2 Weeks-13.71%
1 Month-0.87%
3 Month1.4%
6 Month6.86%
12 Month-16.18%
2 Year102.68%
3 Year185.96%
5 Year99.26%
10 Year1090.02%
15 YearN/A
Volatility
ATR(14)20.69
ATR(20)%5.39%
ATR Inc-16.51%
Range Today21.14
ADR(20)14.35
ADR(20)%4.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.23
Mansfield-0.55
10 Day High380
10 Day Low309
20 Day High381.45
20 Day Low281.59
52 Week High433.86
52 Week Low204
CS1 End316.03
CR1 Start326.88
Volume & EV
DER(3)-1.13%
DER(5)0.47%
Volume735.30K
Volume Incr-12.12%
Vol(5)753.06K
Vol(50)750.41K