11/11/2024 - Here is a new SELL breakout chosen mechanically:11/11/2024 - Here is a new SELL breakout chosen mechanically:
Stop Loss @ $20.40
Entry SELL @ $18.79 or less
Target Profit @ $16.43
WEN trade ideas
$WENPotential "abc" wave located near a nearby support level. Looking for a retracement to $18.41 or higher.
WEN eyes on $18.10 then 17.26: Supports of interest for Re-Buys WEN popped nicely from our major support in my last idea.
Perfect entry and exit on last trade and now watching retrace.
Sharp drop but it just hit a decent support, stronger one below.
$ 18.10 - 18.17 is the immediate support of interest.
$ 17.08 - 17.36 below should not be tested if bull is strong.
$ 19,65 - 17.76 is MAJOR resistance, now hard to break.
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Previous Analysis that gave a PERFECT long entry:
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WEN heads eyes on $17.26 for KEY support and maybe Bottom MarkerWEN has been dropping for some time now.
No idea why this dumping while MCD flying.
But this looks like a good spot to try buying.
$ 17.0-8 - 17.26 is the key support to hold.
$ 18.10 will be the immeiate hurdle to cross.
$ 19.75 wil be a major resistance and target.
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The Sponge is comingWith news spreading regarding the collab between Wendys and Paramount to bring the iconic cartoon franchise SpongeBob SquarePants back to the struggling food chain, I decided to take a look at the charts and I am liking the set up i see currently prior to earnings.
Wendys stocks has been in clear downtrend since May 2023 and after retesting the May 2022 16$ support level. I think we can capitalize on a 12% move to the upside at around 19$ if we remain within this downwards channel.
A positive earnings catalyst can propel a breakout up to 20$ for about a 20% gain from current levels. Anything otherwise can provide us with an easy short to continue the trend down.
Wendys Long PositionHi 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 symmetrical triangles typically suggest a period of consolidation before a significant price
movement, entering a long position appears favorable at this stage. The entry point could be
considered once the breakout from the upper trendline of the triangle pattern is confirmed.
This pattern trading strategy suggests setting a stop loss just below the upper trendline of
the triangle to mitigate potential losses if the breakout fails.
Stop Loss: 18.80
Take Profit: 20.48
Final Target: 22.10
100+% gain on Wendy's by April 1st 2025.786 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).
Wendy's - Strong Dividend Growth Amidst Profitability ChallengesNASDAQ: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 8.67% to $0.82, indicating a drop in profitability. This is further emphasized by the decrease in both the Return on Equity (ROE) and Return on Assets (ROA), suggesting the company's efficiency in utilizing its assets and equity has declined. Furthermore, the gross profit margin has dropped by 6.58% to 50.256%, and the net profit margin has decreased by 24.80% to 8.4643%. This could be a concern for growth-focused investors.
2. Dividends and Book Value:
On the brighter side, Wendy's has shown a robust growth in dividends, increasing its payout by 14.00% to $0.50 per share. This is a positive sign for income-focused investors. Moreover, the book value per share has increased by 7.49% to $2.19, indicating an increase in the company's net asset value.
3. Cash Flow and Debt:
NASDAQ:WEN free cash flow per share dropped by 14.14% to $0.73, indicating a potential liquidity challenge. Also, the company's increased long-term debt to capital ratio and financial leverage indicates a higher reliance on debt, adding to the company's financial risk.
4. Valuation and Growth:
The P/E ratio is higher than the 5-year average, suggesting that Wendy's might be overvalued at the current price. However, the higher dividend yield could be attractive for income investors. Revenue growth is positive, yet the decrease in net income and EPS suggest lower profitability in the future.
Conclusion:
Investors considering Wendy's should weigh the strong dividend growth and positive revenue trend against the concerns of profitability, cash flow, and potential overvaluation. As always, it's advisable to consider your risk tolerance and investment goals before making a decision.
WEN, Wendy'sLong 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
$WEN Cup with Handle? 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.
Wendy's Abstract IdeaMany 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
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a long base into its earningI'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.
Look for big move up in WENBased on dowsing this one is in my face. It won't last, but you can then fade it. Possibly to $28
$WEN to the moon or not?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.🚀🚀
Wendy's - Got back on Track! 👍-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%
"Scene of the Crime" trade- Short WEN 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 had to close my eyes and get quiet and felt I received the message that WEN is going to reverse back down.
Then, my husband told me that the Reddit people are reported to have caused this move, so it would make sense it could reverse back.
I checked with my dowsing and, basically, get to short it tomorrow (I think) or at least look for a high around $29.48.
I'm aware this sounds crazy, but I guess we'll see!
Long WSB Folks Have One Shot Here at One Last Pump for WEN
Breaks below $25.45 and closed below on two consecutive 5min candles, will go net short.
Lots of $29 calls being purchased today.
(Opinion Only)
Wendy - Burgers got reddit's recipe 💪-Nothing changed overnight’ to make Wendy’s a better bet, trader says as stock sees Reddit interest
-Shares of the fast-food chain surged about 26% to records on Tuesday after a post in Reddit’s popular WallStreetBets forum pitched Wendy’s as “the perfect stock” for the group on account of its signature products and “effective” social media presence.
-It’s the latest so-called meme stock that has captured the group’s interest. The growing list includes GameStop, AMC and Bed Bath & Beyond.
-“I think the reason the Reddit crowd is pushing it up today is because the retail share float is pretty small in Wendy’s, but I can guarantee you nothing changed overnight to change the fundamental story,” Gradient Investments President Michael Binger told CNBC’s “Trading Nation” on Tuesday.
-Though the company has a “decent business model” and can take advantage of the economic reopening, its stock is trading at a notably high price-earnings multiple for just 3% sales growth, he said.
