14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of WING
Powered by GPT-4o
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Green day on Tuesday for Wingstop Inc.
(Updated on Jun 11, 2024)

Buy candidate since Jun 05, 2024 Loss -1.31% PDF

The Wingstop Inc. stock price gained 0.384% on the last trading day (Tuesday, 11th Jun 2024), rising from $395.63 to $397.15. During the last trading day the stock fluctuated 2.75% from a day low at $388.33 to a day high of $398.99. The price has been going up and down for this period, and there has been a 1.94% gain for the last 2 weeks. Volume fell on the last day by -77 thousand shares and in total, 341 thousand shares were bought and sold for approximately $135.34 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.99% during the next 3 months and, with a 90% probability hold a price between $422.37 and $458.04 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

WING Signals & Forecast

The Wingstop Inc. 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 $388.57 and $384.75. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 Wednesday, June 05, 2024, and so far it has fallen -1.31%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Wingstop Inc. stock

Wingstop Inc. finds support from accumulated volume at $384.79 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 $10.66 between high and low, or 2.75%. For the last week the stock has had daily average volatility of 5.09%.

Our recommended stop-loss: $382.53 (-3.68%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (WING) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Wingstop Inc. to open at $394.82, and during the day (based on 14 day Average True Range), to move between $383.38 and $410.92, which gives a possible trading interval of +/-$13.77 (+/-3.47%) up or down from last closing price. If Wingstop Inc. takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $397.79 (0.16%) than the support at $384.79 (3.11%), 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 Wingstop Inc. stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wingstop Inc. stock to perform well in the short-term.

Current score: 3.269 Buy Candidate Unchanged

Predicted Opening Price for Wingstop Inc. of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$394.82 ( 0.586%) $397.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for WING

Fibonacci Support & Resistance Levels

Level Price
R3 405.48 2.10%
R2 401.41 1.07%
R1 398.90 0.439%
Price 397.15
S1 390.75 -1.61%
S2 388.24 -2.24%
S3 384.16 -3.27%

Accumulated Volume Support & Resistance Levels

Level Price
R3 402.44 1.33%
R2 397.84 0.174%
R1 397.79 0.161%
Price 397.15
S1 384.79 -3.11%
S2 383.98 -3.32%
S3 347.65 -12.46%

WING Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 May 01, 2024 May 16, 2024 Jun 07, 2024 $0.220 0.0573%
2 Feb 20, 2024 Mar 07, 2024 Mar 29, 2024 $0.220 0.0600%
3 Oct 31, 2023 Nov 16, 2023 Dec 08, 2023 $0.220 0.0890%
4 Aug 01, 2023 Aug 17, 2023 Sep 08, 2023 $0.220 0.137%
5 May 02, 2023 May 18, 2023 Jun 09, 2023 $0.190 0.101%

FAQ

What is the symbol for Wingstop Inc. Stock and on which exchange is it traded?
The symbol for Wingstop Inc. is WING and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Wingstop Inc. Stock?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Wingstop Inc. stock to perform well in the short-term.

How to buy Wingstop Inc. Stock?
Wingstop Inc. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Wingstop Inc. Stock.

What's the current price of Wingstop Inc. Stock?
As of the end of day on the Jun 11, 2024, the price of an Wingstop Inc. (WING) share was $397.15.

What is the 52-week high and low for Wingstop Inc. Stock?
The 52-week high for Wingstop Inc. Stock is $410.95 and the 52-week low is $150.08.

What is the market capitalization of Wingstop Inc. Stock?
As of the Jun 11, 2024, the market capitalization of Wingstop Inc. is 11.664B.

When is the next earnings date for Wingstop Inc.?
The upcoming earnings date for Wingstop Inc. is Aug 07, 2024.
Click to get the best stock tips daily for free!

About Wingstop Inc.

Wingstop. Wingstop Inc., together with its subsidiaries, franchises and operates restaurants under the Wingstop brand name. Its restaurants offer classic wings, boneless wings, and tenders that are cooked-to-order, and hand-sauced-and-tossed in various flavors. As of December 25, 2021, the company had 1,695 franchised restaurants and 36 company-owned restaurants in 44 states and 7 countries worldwide. Wingstop Inc. was founded in 1994 and is headquartered ... WING Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT