Wingstop Inc (WING)
Wingstop Inc., franchises and operates restaurants under the Wingstop brand. The company is headquartered in Dallas, Texas.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is increasing.
- The growth rate of the primary trend is 89.54% per annum.
- WING price at the close of November 19, 2024 was $335.58 and was lower than the bottom border of the primary price channel by $15.43 (4.40%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.21% per annum.
- WING price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $29.12 (7.98%). This indicates a possible reversal in the secondary trend direction.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of WING price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: April 11, 2022
End date: October 18, 2024
a = 2.9531
b = 0.0018
s = 0.1457
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0018) – 1
= 89.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.1457) – 1
= 79.08%
April 11, 2022 calculations
Top border of price channel:
Exp(Y601)
= Exp(a + b × X601 + 2 × s)
= Exp(a + b × 873 + 2 × s)
= Exp(2.9531 + 0.0018 × 873 + 2 × 0.1457)
= Exp(4.7739)
= $118.38
Bottom border of price channel:
Exp(Y601)
= Exp(a + b × X601 – 2 × s)
= Exp(a + b × 873 – 2 × s)
= Exp(2.9531 + 0.0018 × 873 – 2 × 0.1457)
= Exp(4.1912)
= $66.10
October 18, 2024 calculations
Top border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 + 2 × s)
= Exp(a + b × 1,794 + 2 × s)
= Exp(2.9531 + 0.0018 × 1,794 + 2 × 0.1457)
= Exp(6.3874)
= $594.31
Bottom border of price channel:
Exp(Y1,235)
= Exp(a + b × X1,235 – 2 × s)
= Exp(a + b × 1,794 – 2 × s)
= Exp(2.9531 + 0.0018 × 1,794 – 2 × 0.1457)
= Exp(5.8047)
= $331.87
Description
- The primary trend is increasing.
- The growth rate of the primary trend is 89.54% per annum.
- WING price at the close of November 19, 2024 was $335.58 and was lower than the bottom border of the primary price channel by $15.43 (4.40%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: February 26, 2024
End date: October 29, 2024
a = 5.2504
b = 0.0004
s = 0.0514
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0004) – 1
= 16.21%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0514) – 1
= 22.80%
February 26, 2024 calculations
Top border of price channel:
Exp(Y1,071)
= Exp(a + b × X1,071 + 2 × s)
= Exp(a + b × 1,559 + 2 × s)
= Exp(5.2504 + 0.0004 × 1,559 + 2 × 0.0514)
= Exp(5.9946)
= $401.26
Bottom border of price channel:
Exp(Y1,071)
= Exp(a + b × X1,071 – 2 × s)
= Exp(a + b × 1,559 – 2 × s)
= Exp(5.2504 + 0.0004 × 1,559 – 2 × 0.0514)
= Exp(5.7892)
= $326.75
October 29, 2024 calculations
Top border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 + 2 × s)
= Exp(a + b × 1,805 + 2 × s)
= Exp(5.2504 + 0.0004 × 1,805 + 2 × 0.0514)
= Exp(6.0958)
= $444.01
Bottom border of price channel:
Exp(Y1,242)
= Exp(a + b × X1,242 – 2 × s)
= Exp(a + b × 1,805 – 2 × s)
= Exp(5.2504 + 0.0004 × 1,805 – 2 × 0.0514)
= Exp(5.8904)
= $361.56
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 16.21% per annum.
- WING price at the close of November 19, 2024 was lower than the bottom border of the secondary price channel by $29.12 (7.98%). This indicates a possible reversal in the secondary trend direction.