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WEN Stock Tickeron detected bullish Stock Pattern: Triangle Symmetrical Top WEN on September 10, 2024, netting in a 6.47% gain over 3 weeks

A.I.dvisor
at Tickeron.com
09/18/24
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+6.47% Gain from a Successful pattern Triangle Symmetrical Top
WEN - Wendy's Company
Ticker: WEN
Company: Wendy's
Gain: +6.47%
Confirmed: 09/10/24
Succeeded: 09/17/24
Total length: 21 days
On August 27, 2024, A.I.dvisor detected a Triangle Symmetrical Top Pattern (Bullish) for Wendy's Company (WEN, $16.69). On September 10, 2024, A.I.dvisor confirmed the Bullish pattern, setting a target price of $17.89. 7 days later, on September 17, 2024, WEN reached the target price resulting in a for traders who took a long position in the stock.

WEN in upward trend: 10-day moving average moved above 50-day moving average on September 06, 2024

The 10-day moving average for WEN crossed bullishly above the 50-day moving average on September 06, 2024. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 65 cases where WEN's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Momentum Indicator moved above the 0 level on October 04, 2024. You may want to consider a long position or call options on WEN as a result. In of 100 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .

The Moving Average Convergence Divergence (MACD) for WEN just turned positive on October 10, 2024. Looking at past instances where WEN's MACD turned positive, the stock continued to rise in of 51 cases over the following month. The odds of a continued upward trend are .

WEN moved above its 50-day moving average on September 11, 2024 date and that indicates a change from a downward trend to an upward trend.

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where WEN advanced for three days, in of 290 cases, the price rose further within the following month. The odds of a continued upward trend are .

The Aroon Indicator entered an Uptrend today. In of 231 cases where WEN Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .

Bearish Trend Analysis

Following a 3-day decline, the stock is projected to fall further. Considering past instances where WEN declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

WEN broke above its upper Bollinger Band on October 10, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

Fundamental Analysis (Ratings)

Fear & Greed

Tickeron has a negative outlook on this ticker and predicts a further decline by more than 4.00% within the next month with a likelihood of 69%.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (13.004) is normal, around the industry mean (5.809). P/E Ratio (17.872) is within average values for comparable stocks, (55.202). Projected Growth (PEG Ratio) (1.715) is also within normal values, averaging (1.769). Dividend Yield (0.057) settles around the average of (0.038) among similar stocks. P/S Ratio (1.657) is also within normal values, averaging (3.637).

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. WEN’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. WEN’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.

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WEN
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A.I. Advisor
published General Information

General Information

an operater of fast food restaurants

Industry Restaurants

Profile
Fundamentals
Details
Industry
Restaurants
Address
One Dave Thomas Boulevard
Phone
+1 614 764-3100
Employees
15300
Web
https://www.wendys.com