Wingstop Inc. (WING) 1W

Technical Analysis 1W

The chart shows a breakout of the weekly uptrend line, signaling potential further downside.

Key Levels:

-Support: 206.49 USD (0.382 Fib), 152.93 USD (0.236 Fib), 66.36 USD (0 Fib)
- Resistance: 249.78 USD (0.5 Fib), 293.07 USD (0.618 Fib), 354.70 USD (0.786 Fib)
Indicators suggest weakness.

Fundamental Analysis:

Wingstop specializes in chicken wings.

Key Factors:

- Financials: Revenue growth, but high valuation increases correction risk
- Macroeconomics: Interest rates impact consumer spending
- Competition: Pressure from McDonald's and KFC

Conclusion: A break below 152.93 USD could lead to 66.36 USD. Bulls need a recovery above 249.78 USD for trend reversal.