Let's get in line, order a Frosty and some fries, and check out the charts and indicators.
In this daily bar chart of WEN, below, we can see that prices have been moving sideways the past 12 months, but beneath the surface it looks like prices are weakening. WEN has been trading above and below the popular moving averages - 50-days and 200-days. Right now it looks like the 50-day line is rising and the 200-day line is rolling over to the downside.
The daily On-Balance-Volume (OBV) line peaked in August and has weakened, suggesting that sellers on WEN have been more aggressive.
The Moving Average Convergence Divergence (MACD) oscillator is below the zero line now for an outright sell signal.
In this weekly chart of WEN, below, we can see a rally and a rounded top formation for WEN.
The 40-week moving average line has been moving sideways the past few months.
The weekly OBV line shows a decline that started at the beginning of 2018.
The MACD oscillator has been weakening from the middle of 2017.
In this Point and Figure chart of WEN, below, we can see a modest downside price target of $15.69.
Bottom line strategy: WEN may have a good management team, but that does not look like it has worked its way into a stronger looking chart package. Hold the ketchup.