Hi traders,
Analyzing the chart of Wendys Company we can identify the formation of a symmetrical
triangle pattern, indicating a potential breakout in the near future. The symmetrical triangle
pattern is characterized by converging trendlines, where the highs and lows of the price
create a series of lower highs and higher lows, forming a triangle shape.
As...
.786 fibonacci retrace was 18.07. Measured move from previous range extremes , wick low to wick high (orange slant) brings a confluence with 1.618 Fibonacci extension level as a target based on previous bull market top around $38-40. Stop loss could be just below 200sma (blue curvy line).
The Zacks Consensus Estimate for fiscal second-quarter earnings per share is pegged at 28 cents, indicating growth of 16.7% from 24 cents registered in the year-ago quarter.
For revenues, the consensus mark is pegged at $569.1 million, suggesting growth of 5.8% from the prior-year quarter’s figure.
NASDAQ:WEN , the well-known fast-food chain, presents a mixed bag for investors. While the company has managed to increase dividends and improve sales, a drop in profitability and free cash flow, along with an increased reliance on debt, may raise concerns.
1. Earnings and Profitability:
Over the last twelve months, Wendy's earnings per share (EPS) decreased by...
Long on WEN had a full candle close above the 9sma and MACD crossover. Lets run
may meet some resistance again at 50SMA, will close with full candle close below 9 sma
Wendy's looks good in this market after reporting an earnings beat this morning. I'm not buying this market for now. However, this is one of my top watchlist stocks. See notes on chart. Ideas, not investing / trading advice.
Many up channels can be drawn on chart
The lower red dotted line can be seen as a point of retesting
A common pattern can be observed in white rectangle, which shows a large wick (red circle)
I assume this pattern will repeat just on a larger scale, causing a short lived price rise, followed by a large dump, below the red line
I'm using Fibonacci extension to estimate a possible move on/after its earning: $30 - $35?
Its full stochastic oscillator displays a Bollinger Band squeeze into the earning.
My own opinion.
The chart shows 100%+ increases after the previous all time high is broken. We could expect to see Wendys hit a very possible $45ish with other possible areas marked on the fibs. Possible peaks can happen during Q3-Q4. Wendys is expanding in the US and also Asia. Also their salad is great. I like this stock.🚀🚀
-After surging a good amount due to Reddit's flow last week, Wendy's is getting back on its normal track.
-Current price level is perceived as a safe level in our opinion.
-Due to the recent high surge, the stock may also fall to S1 support level to cool-down
-Possible Long-term return in percentage: 40%
I'll make this as short as possible. In a nutshell, I was guided to WEN last Friday through my dowsing. I've never looked at it before and thought it was crap (Wendy's really?), until I happened to review my journal today and check on WEN and see it up 22%+. It's heading to test the HOD atm (28.66).
A little while ago today I had kind of an energy download (?) and...
![WEN: 7/4/2022 NASDAQ [WEN]](https://s3.tradingview.com/m/MAHtFb27_mid.png "7/4/2022 NASDAQ [WEN]")
