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

Date
April 17, 2024
Analysed By
Naranj Capital Research Desk
Stock Market
NASDAQ, United States of America

Swing Trading Advice in US Stocks

  • 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.

    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
  • 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 Forecast

    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.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments
    Join Our Telegram Channel for Saudi Stock Market Update
    Saudi Stock Analysis
    Join Our Telegram Channel for USA Stock Analysis Update

    Target hit. Trade closed.

    NASDAQ WING

    17 Apr 2024
    29 Apr 2025
    29 Apr 2025
    7 days
    Loss per
    100,000 SAR
    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 SAR
    7 days
    11,429
    337
    350 – 360
    385
    390
    11,429
    17 Apr 2024
    29 Apr 2025
    29 Apr 2025
    7 days
    Loss per
    100,000 SAR
    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 SAR
    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
  • 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 Forecast

    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.

  • Share with
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Join Our Telegram Channel for USA Stock Market Update

    USA Stock Analysis

    Details of Arijit Banerjee

    Arijit Banerjee CMT CFTe is a seasoned expert in the financial industry, boasting decades of experience in trading, investment, and wealth management. As the founder and chief strategist of Naranj Capital, he’s built a reputation for providing insightful research analysis to guide investment decisions.

    Arijit’s credentials are impressive, holding both the Chartered Market Technician (CMT) and Certified Financial Technician (CFTe) designations. These certifications demonstrate his expertise in technical analysis and financial markets.

    Through Naranj Capital, Arijit shares his market insights and research analysis, offering actionable advice for investors. His work is featured on platforms like TradingView, where he publishes detailed analysis and recommendations.

    If you’re interested in learning more about Arijit’s work or Naranj Capital’s services, you can reach out to them directly through their website