The Hourly View for WEN
At the time of this writing, WEN (Get Ratings)’s price is up $0.19 (0.79%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 50 hour moving average has been crossed, so that price is now turning above it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
WEN ranks 22nd in terms of today’s price percentage change out of Restaraunts Hotels Motels stocks.
WEN’s Technical Outlook on the Daily Chart
At the moment, WEN’s price is down $-0.14 (-0.6%) from the day prior. The daily chart shows that WEN has seen 2 straight down days. From a daily perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 day timeframes. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The chart below shows WEN’s price action over the past 90 days.
WEN: Daily RSI Analysis
For WEN News Traders
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