NASDAQ trade advice (C): US consumer discretionary stock | 7-8% gain | USA stock trading picks on 17 Apr 2024

Stock Market
NASDAQ, United States of America

Target hit. Trade closed.

NASDAQ WING

17 Apr 2024
29 Apr 2025
29 Apr 2025
7 days
Loss per
100,000 USD
Stop-loss
337
Buy Advice
17 Apr 2024
350 – 360
Target 1
29 Apr 2025
385
Target 2
29 Apr 2025
390
Profit per
100,000 USD
7 days
11,429
337
350 – 360
385
390
11,429
  • Buy
  • Buy
    Range
  • Target
  • Stoploss
  • Upside
    Potential
  • Trade
    Duration
  • Wingstop
  • 350 – 360
  • 385 – 390
  • Below 337
  • 7% - 8%
  • 14 - 15 Days
  • Buy Wingstop
  • Buy
    Range
    350 – 360
  • Target 385 – 390
  • Stoploss Below 337
  • Upside
    Potential
    7% - 8%
  • Trade
    Duration
    14 - 15 Days
  • * Once the first target hit, reset the StopLoss at your buying price.
    * Trade durations are approximate; actual holding period may vary.

    Wingstop (NASDAQ: WING) - Stock Overview

  • NASDAQ Code
  • Stock Name
  • Sector
  • 52 Weeks High
  • 52 Weeks Low
  • WING
  • Wingstop
  • Consumer Discretionary
  • 379
  • 150.08
  • NASDAQ Code WING
  • Stock Name Wingstop
  • Sector Consumer Discretionary
  • 52 Weeks High 379
  • 52 Weeks Low 150.08
  • Company profile

    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. The company was founded in 1994 and is headquartered in Addison, Texas.

  • Wingstop (NASDAQ: WING) vs NASDAQ - Relative Strength Comparison

    The image compares Wingstop's 1-year performance to NASDAQ.
    Relative Performance - Last 1 Year
    WING —   NASDAQ —

  • Wingstop (NASDAQ: WING) - Technical Analysis (Daily)

    Wingstop - Technical Analysis chart on Daily Price and Volume
    Wingstop - Technical Analysis chart on Daily Price and Volume

    • Previously the price was in a consolidation phase and had formed a Rounding Bottom pattern.
    • After the breakout, price has give a huge upside rally of almost 70%.
    • After making an All Time High, price again started consolidating.
    • Currently with a strong bullish candle, price is bouncing back from it trendline support zone, which is very positive indication.
    • If the price manages to sustain above the 375 level, then more upside move possible.
  • Wingstop (NASDAQ: WING) - RSI Indicator

    Wingstop stock analysis based on RSI Indicator
    Wingstop - RSI Indicator

    • The current RSI of the stock is 58.57, shows strength of buyers. RSI line is also in a uptrend, which is very positive signal.

  • Wingstop (NASDAQ: WING) - EMA Crossover

    Wingstop stock analysis based on EMA Crossover
    Wingstop - EMA Crossover

    • The short length exponential moving average (10 EMA) has crossed the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

  • Wingstop (NASDAQ: WING) - OBV Indicator

    Wingstop stock analysis based on OBV Indicator
    Wingstop - OBV Indicator

    • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

  • Conclusion - Wingstop (NASDAQ: WING) Stock Price Forcast

    Based on our US stock market trading signals, Wingstop stock price target will be USD 385 - USD 390 in the next 14-15 trading sessions.

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