WING - Wingstop Inc.

Industry: Restaurants Sector: Services Exchange: NASDAQ

WING - Wingstop Inc.

Industry: Restaurants Sector: Services Exchange: NASDAQ
#55()/5610

Wed 13'th Dec 2017

PERIOD 2017-09-14 - 2017-12-13
CHANGE 1.52%
PRICE $42.72
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Sell

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Wingstop Inc. Stock Analysis

Technical stock analysis for Wed 13'th Dec 2017

Shorts 11.22% ( 2017-11-15 )
Cash 16.2 mill
Loans 576.8 mill
Beta 0.68
ROA 18.09
Buy candidate since 2017-11-30 Gain 9.01%

Wingstop Inc. gained 1.52% in the last trading day, rising from $42.08 to $42.72 , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. The price has risen in 7 of the last 10 days and is up by 8.95% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 233 287 more shares were traded than the day before. In total, 819 487 shares bought and sold for approximately $35.01 million.

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Trend

Wingstop Inc. lies in the upper part of a wide and strong rising trend in the short term, and this will 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 $43.11 will firstly indicate a stronger raising rate. Given the current short-term trend, the stock is expected to rise 26.25% during the next 3 months and, with 90% probability hold a price between $45.66 and $54.43 at the end of this period.

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Signals

Only positive signals in the chart today. Wingstop Inc. holds buy signals from both short- and long-term moving averages. In addition, 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 $40.79 and $37.90. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday December 06, 2017, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

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A sell signal from a double top formation was found on Tuesday December 05, 2017 and based on theory for this formation the price should fall by -2.06% to $37.79 within 5 trading days since signal was issued (Tuesday December 12, 2017).

Relative Strength Index (RSI)

RSI14 is 70 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $39.69 and $36.41. There is no resistance from accumulated volume above today's level and given the right condition the stock may perform very well during the next couple of days.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Wingstop Inc. finds support just below today's level at $39.69. If this is broken, then the next support from accumulated volume will be at $36.41 and $32.19.

Support: $39.69 Price: $42.72

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 $1.58 (3.79%) between high and low. For the last week, the stock has had a daily average volatility of 2.77%.

Since the Wingstop Inc. has been rising for 6 days in a row, the risk for the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stoploss: $41.07 (-3.87%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Wingstop Inc. holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.

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