WING - Wingstop Inc.

Industry: Restaurants Sector: Services Exchange: NASDAQ

WING - Wingstop Inc.

Industry: Restaurants Sector: Services Exchange: NASDAQ
#2862/#4902

Thu 19'th Oct 2017

PERIOD 2017-07-20 - 2017-10-19
CHANGE 1.19%
PRICE $33.15
VOLUME
Sell
TREND
Buy

MV LONG
Sell

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Wingstop Inc. Stock Analysis

Technical stock analysis for Thu 19'th Oct 2017

Hold candidate since 2017-10-18 Gain 1.19%

Wingstop Inc. gained 1.19% in the last trading day, rising from $32.76 to $33.15 The price has fallen in 6 of the last 10 days and is down by -0.27% for this period. Volume fell in the last day by -130 023 shares, and in total, 181 786 shares bought and sold for approximately $6.03 million. You should take into consideration that a falling volume on higher prices causes divergence and may be an early warning about possible changes for the next couple of days.

Trend

Wingstop Inc. lies in the middle of a wide and weak 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 4.69% during the next 3 months and, with 90% probability hold a price between $32.71 and $38.34 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point on Monday October 16, 2017, which indicates further gains until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and 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. Wingstop Inc. holds a buysignal from the short-term moving average; at the same time, however, a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general sales signal in the stock. On further gains, the stock will meet resistance from the long-term moving average at $33.23. On a fall, the stock will find some support from the short-term average at $32.69. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sales signal and strengthen the general signal.

A buy signal from a double bottom formation was found on Monday October 16, 2017 and based on theory for this formation the price should go up by 2.75% to $35.08 within 29 trading days since signal was issued (Monday November 27, 2017).

Relative Strength Index (RSI)

RSI14 is 49 and the stock is currently not being overbought or oversold

Support & Resistance

Wingstop Inc. finds support from accumulated volume at $32.75. On the upside the stock meets some resistance just above today's level from accumulated volume at $33.48, $33.59 and $33.61.

The stock is about to test the resistance from accumulated volume at $33.48 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $32.75 Price: $33.15 Resistance: $33.48

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.55 (1.69%) between high and low. For the last week, the stock has had a daily average volatility of 2.44%.

Our recommended stoploss: $31.59 (-4.72%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Wingstop Inc. holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. We have upgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Hold/Accumulate.

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