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Stock Charts AI Power Rank: 9.4
Power Rank trend -> Rising
07/08/2024 11:30:00 EST
Wingstop Inc (WING)
Industry: Restaurants
Follow @stockchartsai on TwitterPrice Support Resistance
In the past 20 trading days, WING has been trading in a range between $428.85 and $383.79 (gray range band). Red lines on the chart represent key resistance levels and Green lines represent key support levels. As the price moves above the lines you will notice they turn green and red if price moves below a line.
WING is trading below resistance at $428.85, about 3% to the upside. There is support at $380.34 -8% to the downside. If it can break above the resistance, it could have some more upside. If the price starts to turn down and fails to get through this level or enters a yellow zone, we would consider profit taking or exiting the position. If it enters a red zone on the chart we would exit the position.
Upside / Downside Potential
Wingstop Inc $WING entered a Green zone 22 days ago on the AI powered stock chart. Wall Street analysts have an AVG target price $202.28, a potential down side of -51.69% from the recent price of 418.72. The stock is trading 2.94% (potential upside) below its 52 week high of $431.03 and 179.59 % (potential downside) above its 52 week low of $149.76 - based on the recent price.
Company Summary
Wingstop Inc, together with its subsidiaries, franchises and operates restaurants under the Wingstop brand. Its restaurants offer classic wings, boneless wings, tenders, and hand-sauced-and-tossed in various flavors, as well as chicken sandwiches with fries and hand-cut carrots and celery that are cooked-to-order.
News
| Wingstop (WING) Up 63% YTD: How Investors Should Play Now Wingstop (WING) benefits from expansion efforts, strong comparable store sales growth and an effective supply chain strategy. Source: Zacks Investment Research Fri, 05 Jul 2024 10:11:06 -0400 Sentiment: Positive |
| The 3 Best Restaurant Stocks to Buy in July 2024 Everyone needs to eat, but not everyone wants to cook their own food. Even though people can save money by cooking instead of going out to eat, many people regularly visit restaurants. Source: InvestorPlace Fri, 05 Jul 2024 06:30:00 -0400 Sentiment: Positive |
| Wingstop Inc. To Announce Fiscal Second Quarter 2024 Financial Results On July 31, 2024 DALLAS , July 2, 2024 /PRNewswire/ --Â Wingstop Inc. (NASDAQ: WING) today announced that it will host a conference call and webcast to discuss its fiscal second quarter 2024 financial results on Wednesday, July 31, 2024 at 10:00 a.m. ET. A press release with fiscal second quarter 2024 financial results will be issued before the market opens that morning. Source: PRNewsWire Tue, 02 Jul 2024 08:00:00 -0400 Sentiment: Neutral |
| Wingstop (WING) Sees a More Significant Dip Than Broader Market: Some Facts to Know In the closing of the recent trading day, Wingstop (WING) stood at $422.66, denoting a -0.84% change from the preceding trading day. Source: Zacks Investment Research Fri, 28 Jun 2024 19:05:39 -0400 Sentiment: Neutral |
| The Hype Heist: How 3 Overvalued Stocks Are Robbing Investors Blind Today's market environment has led to the emergence of many overvalued stocks, with major indices reaching new highs almost weekly. In such high-spirited times, investors often ignore fundamental principles and become susceptible to hype trains that promise quick wealth from rapidly rising stock prices. Source: InvestorPlace Tue, 25 Jun 2024 08:59:16 -0400 Sentiment: Negative |
Technicals 52 Week Hi: 431.034 52 Week Low: 149.7588 Beta: 1.669 50 Day MA: 395.4398 200 Day MA: 300.2919 Earnings / Revenue Trends Qtr Earnings Growth YOY: 0.884 Qtr Revenue Growth YOY: 0.341 Forward PE: 120.4819 Trailing PE: 147.0285