BJ'S RESTAURANTS INC (BJRI) Stock Technical Analysis
NASDAQ:BJRI - Nasdaq - US09180C1062 - Common Stock - Currency: USD
We assign a technical rating of 6 out of 10 to BJRI. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
In the last month BJRI has a been trading in the 41.52 - 47.02 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
BJRI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BJRI is lagging the market slightly.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the yearly performance of all stocks, we notice that BJRI is one of the better performing stocks in the market, outperforming 80% of all stocks. However, this relatively good performance is mostly due to a recent big move.
BJRI is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, BJRI did better than 60% of them.
BJRI has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
32.91
47.26
We found 1 important support area.
- Support @33.24 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 46.10 to 46.79. 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 BJRI is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for BJRI is down. |
| ChartMill Relative Strength | 80.01 | POSITIVE | BJRI has a high relative strength, it outperformed 80.01% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of BJRI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of BJRI is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BJRI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 38.76 | NEUTRAL | The RSI value for BJRI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.52 | NEGATIVE | The MACD value suggests BJRI has a negative trend. |
| Stochastics (14,3) | 16.75 | OVERSOLD | The low Stochastics value suggests BJRI may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for BJRI suggests some volalility. |
| Average Directional Index/ADX (14) | 21.19 | NEUTRAL | The ADX value for BJRI suggests a possible start of a new trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
41.66
-1.43 (-3.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-3.32%
1 Week-9.61%
2 Weeks-7.28%
1 Month-4.89%
3 Month30.55%
6 Month21.03%
12 Month13.86%
2 Year10.62%
3 Year77.5%
5 Year107.68%
10 Year-19.2%
15 Year63.37%
Volatility
ATR(14)1.53
ATR(20)%3.59%
ATR Inc-1.81%
Range Today1.77
ADR(20)1.43
ADR(20)%3.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.01
Mansfield0.75
10 Day High47.02
10 Day Low41.52
20 Day High47.02
20 Day Low41.52
52 Week High47.02
52 Week Low27.61
CS1 End33.24
CR1 Start46.1
Volume & EV
DER(3)-0.31%
DER(5)-0.58%
Volume306.40K
Volume Incr-18.87%
Vol(5)390.86K
Vol(50)522.52K