BJRI Technical Analysis - BJ'S RESTAURANTS INC

Technical Rating and Analysis

Overall BJRI gets a technical rating of 1 out of 10. BJRI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, BJRI is a bad performer in the overall market: 86% of all stocks are doing better.

BJRI is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 60% are performing better than BJRI.

BJRI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month BJRI has a been trading in the 29.45 - 32.86 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

BJ'S RESTAURANTS INC / BJRI Weekly stock chart

BJ'S RESTAURANTS INC / BJRI Daily stock chart

Setup Rating and Analysis

BJRI has a bad technical rating, but it does show 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 29.82, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

29.24

33.08

We found 1 important support area.

A support zone ranging from 29.54 to 29.82. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 31.52 to 32.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

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Technical Indicator Signal Analysis

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	DOWN	NEGATIVE	The long term trend for BJRI is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for BJRI is down.
ChartMill Relative Strength	14.42	NEGATIVE	BJRI has a low relative strength, it was outperformed by 85.58% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of BJRI is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of BJRI is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of BJRI is below a declining SMA(200).
Relative Strength Index/RSI (14)	47.91	NEUTRAL	The RSI value for BJRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests BJRI has a positive trend, although the MACD value is declining.
Stochastics (14,3)	44.97	NEUTRAL	The Stochastics value for BJRI is a neutral value.
Average True Range in percent/ATR (20)	3.14	MEDIUM VOLATILITY	The ATR as a percentage value for BJRI suggests some volalility.
Average Directional Index/ADX (14)	19.3	NEGATIVE	The low ADX value for BJRI suggests a weak or negative trend.