0% commission for ETF tradesWingstop Inc. Stock Forecast
AI Analysis of WING
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Red day on Friday for Wingstop Inc. stock after losing 0.185%
(Updated on Sep 13, 2024)
The Wingstop Inc. stock price fell by -0.185% on the last day (Friday, 13th Sep 2024) from $395.54 to $394.81. During the last trading day the stock fluctuated 2.28% from a day low at $391.71 to a day high of $400.64. The price has risen in 6 of the last 10 days and is up by 2.27% over the past 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 -54 thousand shares and in total, 268 thousand shares were bought and sold for approximately $105.85 million.
The stock lies the upper part of a wide and 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 $400.75 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 -7.97% during the next 3 months and, with a 90% probability hold a price between $309.95 and $368.82 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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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 $380.30 and $378.76. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, September 06, 2024, and so far it has risen 8.94%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Wingstop Inc. stock
Wingstop Inc. finds support from accumulated volume at $376.57 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.93 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 3.37%.
Our recommended stop-loss: $376.37 (-4.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (WING) For The Upcoming Trading Day Of Monday 16th
For the upcoming trading day on Monday, 16th we expect Wingstop Inc. to open at $395.72, and during the day (based on 14 day Average True Range), to move between $380.89 and $408.73, which gives a possible trading interval of +/-$13.92 (+/-3.53%) up or down from last closing price. If Wingstop Inc. takes out the full calculated possible swing range there will be an estimated 7.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $403.89 (2.30%) than the support at $376.57 (4.62%), 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?
Wingstop Inc. 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.
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Current score: 0.934 Hold/Accumulate Unchanged
Predicted Opening Price for Wingstop Inc. of Monday, September 16, 2024
| Fair opening price September 16, 2024 | Current price |
|---|---|
| $395.72 ( 0.230%) | $394.81 |
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 | 404.65 | 2.49% |
| R2 | 401.24 | 1.63% |
| R1 | 399.13 | 1.09% |
| Price | 394.81 | |
| S1 | 392.31 | -0.634% |
| S2 | 390.20 | -1.17% |
| S3 | 386.79 | -2.03% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 414.76 | 5.05% |
| R2 | 408.69 | 3.52% |
| R1 | 403.89 | 2.30% |
| Price | 394.81 | |
| S1 | 376.57 | -4.62% |
| S2 | 373.88 | -5.30% |
| S3 | 352.46 | -10.73% |
WING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jul 30, 2024 | Aug 16, 2024 | Sep 06, 2024 | $0.270 | 0.0745% |
| 2 | May 01, 2024 | May 16, 2024 | Jun 07, 2024 | $0.220 | 0.0573% |
| 3 | Feb 20, 2024 | Mar 07, 2024 | Mar 29, 2024 | $0.220 | 0.0600% |
| 4 | Oct 31, 2023 | Nov 16, 2023 | Dec 08, 2023 | $0.220 | 0.0890% |
| 5 | Aug 01, 2023 | Aug 17, 2023 | Sep 08, 2023 | $0.220 | 0.137% |
FAQ
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