How the (WEN) price action is used to our Advantage
January 29, 2025, 07:20 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for WEN
- NONE. Details
There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.
- Short WEN slightly under 15.19, target n/a, stop loss @ 15.23 Details
The technical summary data is suggesting a short of WEN as it gets near 15.19, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 15.23. 15.19 is the first level of resistance above 14.61, and by rule, any test of resistance is a short signal. In this case, if resistance 15.19 is being tested, so a short signal would exist.
Swing Trading Plans for WEN
- Buy WEN slightly over 15.19, target 16.69, Stop Loss @ 15.15 Details
If 15.19 begins to break higher, the technical summary data tells us to buy WEN just slightly over 15.19, with an upside target of 16.69. The data also tells us to set a stop loss @ 15.15 in case the stock turns against the trade. 15.19 is the first level of resistance above 14.61, and by rule, any break above resistance is a buy signal. In this case, 15.19, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WEN slightly near 15.19, target 14.49, Stop Loss @ 15.23. Details
The technical summary data is suggesting a short of WEN if it tests 15.19 with a downside target of 14.49. We should have a stop loss in place at 15.23 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 15.19, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for WEN
- Buy WEN slightly over 14.7, target 15.19, Stop Loss @ 14.67 Details
If 14.7 begins to break higher, the technical summary data tells us to buy WEN just slightly over 14.7, with an upside target of 15.19. The data also tells us to set a stop loss @ 14.67 in case the stock turns against the trade. 14.7 is the first level of resistance above 14.61, and by rule, any break above resistance is a buy signal. In this case, 14.7, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short WEN slightly near 14.7, target 14.49, Stop Loss @ 14.73. Details
The technical summary data is suggesting a short of WEN if it tests 14.7 with a downside target of 14.49. We should have a stop loss in place at 14.73 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 14.7, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Wendy's Company (the) (WEN) available here: WEN.
WEN Ratings for January 29:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Weak |
Neutral |
| P1 |
0 |
0 |
15.19 |
| P2 |
14.7 |
13.95 |
16.69 |
| P3 |
0 |
14.49 |
18.34 |
AI Generated Signals for WEN
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Wendy's Company (the) (NYSE: WEN) data table below can help you with price action, and we have more details too. Trading plans for WEN are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for WEN:
