Wingstop Stock Technical Analysis
WING Stock | USD 366.18 1.45 0.40% |
As of the 24th of April, Wingstop maintains the Mean Deviation of 1.82, market risk adjusted performance of 0.4725, and Downside Deviation of 2.66. Relative to fundamental indicators, the technical analysis model lets you check existing technical drivers of Wingstop, as well as the relationship between them. Specifically, you can use this information to find out if the company will indeed mirror its model of past data patterns, or the prices will eventually revert. We were able to interpolate nineteen technical drivers for Wingstop, which can be compared to its peers. Please check out Wingstop variance, value at risk, as well as the relationship between the Value At Risk and skewness to decide if Wingstop is priced fairly, providing market reflects its latest price of 366.18 per share. Given that Wingstop has jensen alpha of 0.362, we strongly advise you to confirm Wingstop's prevalent market performance to make sure the company can sustain itself at a future point.
Wingstop Momentum Analysis
Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Wingstop, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to WingstopWingstop |
Wingstop Analyst Consensus
Target Price | Advice | # of Analysts | |
202.28 | Buy | 25 | Odds |
Most Wingstop analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Wingstop stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Wingstop, talking to its executives and customers, or listening to Wingstop conference calls.
Wingstop technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
Wingstop Technical Analysis
Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Wingstop volatility. High ATR values indicate high volatility, and low values indicate low volatility.
Wingstop Trend Analysis
Use this graph to draw trend lines for Wingstop. You can use it to identify possible trend reversals for Wingstop as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Wingstop price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.Wingstop Best Fit Change Line
The following chart estimates an ordinary least squares regression model for Wingstop applied against its price change over selected period. The best fit line has a slop of 1.36 , which means Wingstop will continue generating value for investors. It has 122 observation points and a regression sum of squares at 70452.21, which is the sum of squared deviations for the predicted Wingstop price change compared to its average price change.About Wingstop Technical Analysis
The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Wingstop on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Wingstop based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Wingstop price pattern first instead of the macroeconomic environment surrounding Wingstop. By analyzing Wingstop's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Wingstop's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Wingstop specific price patterns or momentum indicators. Please read more on our technical analysis page.
2022 | 2023 | 2024 (projected) | Dividend Yield | 0.0343 | 0.0395 | 0.0432 | Price To Sales Ratio | 11.51 | 10.36 | 10.69 |
Wingstop April 24, 2024 Technical Indicators
Most technical analysis of Wingstop help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Wingstop from various momentum indicators to cycle indicators. When you analyze Wingstop charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
Cycle Indicators | ||
Math Operators | ||
Math Transform | ||
Momentum Indicators | ||
Overlap Studies | ||
Pattern Recognition | ||
Price Transform | ||
Statistic Functions | ||
Volatility Indicators | ||
Volume Indicators |
Risk Adjusted Performance | 0.1253 | |||
Market Risk Adjusted Performance | 0.4725 | |||
Mean Deviation | 1.82 | |||
Semi Deviation | 2.1 | |||
Downside Deviation | 2.66 | |||
Coefficient Of Variation | 528.81 | |||
Standard Deviation | 2.4 | |||
Variance | 5.76 | |||
Information Ratio | 0.1494 | |||
Jensen Alpha | 0.362 | |||
Total Risk Alpha | 0.1155 | |||
Sortino Ratio | 0.1348 | |||
Treynor Ratio | 0.4625 | |||
Maximum Drawdown | 13.23 | |||
Value At Risk | (4.36) | |||
Potential Upside | 3.68 | |||
Downside Variance | 7.07 | |||
Semi Variance | 4.41 | |||
Expected Short fall | (1.83) | |||
Skewness | (0.22) | |||
Kurtosis | 0.8633 |
Check out Your Current Watchlist to better understand how to build diversified portfolios, which includes a position in Wingstop. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors. For more detail on how to invest in Wingstop Stock please use our How to Invest in Wingstop guide.You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Complementary Tools for Wingstop Stock analysis
When running Wingstop's price analysis, check to measure Wingstop's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Wingstop is operating at the current time. Most of Wingstop's value examination focuses on studying past and present price action to predict the probability of Wingstop's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Wingstop's price. Additionally, you may evaluate how the addition of Wingstop to your portfolios can decrease your overall portfolio volatility.
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Is Wingstop's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Wingstop. If investors know Wingstop will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Wingstop listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth 0.088 | Dividend Share 0.82 | Earnings Share 2.34 | Revenue Per Share 15.454 | Quarterly Revenue Growth 0.212 |
The market value of Wingstop is measured differently than its book value, which is the value of Wingstop that is recorded on the company's balance sheet. Investors also form their own opinion of Wingstop's value that differs from its market value or its book value, called intrinsic value, which is Wingstop's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Wingstop's market value can be influenced by many factors that don't directly affect Wingstop's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Wingstop's value and its price as these two are different measures arrived at by different means. Investors typically determine if Wingstop is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Wingstop's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.