Wendy Stock Forecast
Wendy stock price down 0.317% on Thursday
(Updated on Mar 28, 2024)
The Wendy stock price fell by -0.317% on the last day (Thursday, 28th Mar 2024) from $18.90 to $18.84. During the last trading day the stock fluctuated 1.30% from a day low at $18.70 to a day high of $18.94. The price has been going up and down for this period, and there has been a 3.23% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -872 thousand shares and in total, 2 million shares were bought and sold for approximately $41.18 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $18.97 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.75% during the next 3 months and, with a 90% probability hold a price between $16.38 and $17.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WEN Signals & Forecast
The Wendy stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $18.63 and $18.51. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, March 21, 2024, and so far it has fallen -1.15%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Wendy stock
Wendy finds support from accumulated volume at $18.29 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.243 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: $18.05 (-4.21%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (WEN) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Wendy to open at $18.83, and during the day (based on 14 day Average True Range), to move between $18.44 and $19.24, which gives a possible trading interval of +/-$0.397 (+/-2.11%) up or down from last closing price. If Wendy takes out the full calculated possible swing range there will be an estimated 4.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $18.99 (0.80%) than the support at $18.29 (2.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Wendy stock A Buy?
Wendy holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.229 Hold/Accumulate Unchanged
Predicted Opening Price for Wendy of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$18.83 ( 0.0663%) | $18.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WEN
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.07 | 1.22 % | |
R2 | 18.98 | 0.729 % | ||
R1 | 18.92 | 0.425 % | ||
Current price: | 18.84 | |||
Support | S1 | 18.73 | -0.558 % | |
S2 | 18.68 | -0.86 % | ||
S3 | 18.59 | -1.35 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.52 | 3.61 % | |
R2 | 19.08 | 1.27 % | ||
R1 | 18.99 | 0.796 % | ||
Current price | 18.84 | |||
Support | S1 | 18.29 | -2.92% | |
S2 | 18.11 | -3.87% | ||
S3 | 17.97 | -4.62% |
WEN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Feb 15, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.250 | 1.36% |
2 | Nov 02, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.250 | 1.25% |
3 | Aug 09, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.250 | 1.24% |
4 | May 10, 2023 | May 31, 2023 | Jun 15, 2023 | $0.250 | 1.13% |
5 | Jan 13, 2023 | Feb 28, 2023 | Mar 15, 2023 | $0.250 | 1.21% |
FAQ
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