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A1 Trading Advice (C) | Expected Gain 7%-8% | Naranj Capital

Swing trading picks in USA stocks

 BUY   Wingstop (NASDAQ: WING)

Wingstop (NASDAQ: WING) STOCK RECOMMENDATION

Idea BUY
Buy Range 350 – 360
Target 385 – 390
StopLoss* below 337
Duration 14-15 Trading Days
Potential Returns 7 – 8%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 350 – 360 385 – 390 below 337 14-15 Trading Days 7 – 8%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Wingstop (NASDAQ: WING) STOCK OVERVIEW

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.

Stock Data
NASDAQ Symbol WING
Sectoral Index Consumer Discretionary
52 Weeks High 379
52 Weeks Low 150.08

Wingstop (NASDAQ: WING) - RELATIVE STRENGTH

WINGSTOP-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Wingstop —     NASDAQ —

Wingstop (NASDAQ: WING) - DAILY TECHNICAL ANALYSIS

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

Wingstop (NASDAQ: WING) - RSI

  • 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 Cross

WINGSTOP-EMA CROSS
Wingstop (NASDAQ: WING) - EMA Cross

  • 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

WINGSTOP-OBV
Wingstop (NASDAQ: WING) - OBV

  • 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

CONCLUSION - Wingstop (NASDAQ: WING) STOCK PRICE FORECAST

Based on our swing trading advisory in USA, Wingstop stock price target will be USD 385 – USD 390 in the next 14-15 trading sessions.

Wingstop (NASDAQ: WING) TRADINGVIEW POSITION UPDATE

Buy Wingstop by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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