The Hourly View for WEN
At the moment, WEN (Get Ratings)’s price is up $0.02 (0.07%) 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 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
WEN ranks 29th in terms of today’s price percentage change out of Restaraunts Hotels Motels stocks.
WEN’s Technical Outlook on the Daily Chart
Currently, WEN’s price is down $-0.18 (-0.78%) from the day prior. WEN has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. 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. Wendy’s Co’s price action over the past 90 days can be seen via the chart below.
WEN: Daily RSI Analysis
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