Taking everything into account, BBQ scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, BBQ has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, BBQ also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 17.23, a Stop Loss order could be placed below this zone.
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11.04
When analyzing the support we can see 2 important areas.
- A support zone ranging from 17.19 to 17.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.15 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 17.25 to 17.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for BBQ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BBQ is up. |
| ChartMill Relative Strength | 97.91 | POSITIVE | BBQ has a high relative strength, it outperformed 97.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BBQ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BBQ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BBQ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 79.74 | OVERBOUGHT | The high RSI value suggests BBQ may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests BBQ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 12.61 | OVERSOLD | The low Stochastics value suggests BBQ may be oversold. |
| Average True Range in percent/ATR (20) | 0.22 | LOW VOLATILITY | The low ATR as a percentage value for BBQ suggests low volalility. |
| Average Directional Index/ADX (14) | 70.23 | POSITIVE | The high ADX value value for BBQ suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 17.28 | 17.20 | 0.08 (0.46%) | 25.00% |
| An entry @17.28. This is a Buy Stop order right above the resistance zone. | An exit @17.20. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.08 points, which is 0.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.12%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:BBQ (9/27/2022, 8:00:01 PM)
17.24
0 (0%)
BBQ Holdings Inc / BBQ FAQ
What is the ChartMill technical rating of BBQ Holdings Inc (BBQ) stock?
ChartMill assigns a technical rating of 8 / 10 to BBQ.
What is the trend direction for BBQ stock?
The current trend direction for BBQ Holdings Inc (BBQ) is Bullish.
What is the RSI signal for BBQ Holdings Inc (BBQ) stock?
BBQ Holdings Inc (BBQ) has an RSI value of 79.7412. This indicates that the stock is currently overbought.
What is the short term momentum for BBQ stock?
The short term momentum for BBQ Holdings Inc (BBQ) is positive.
What are the support and resistance levels for BBQ Holdings Inc (BBQ) stock?
BBQ Holdings Inc (BBQ) has a support level at 17.23 and a resistance level at 17.25. Check the full technical report for our detailed analysis of BBQ support and resistance levels.