BJRI Technical Analysis - BJ'S RESTAURANTS INC

Technical Rating and Analysis

Overall BJRI gets a technical rating of 0 out of 10. BJRI's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, BJRI is a bad performer in the overall market: 87% 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 63% 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 30.89 - 36.17 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.

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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

The technical rating of BJRI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

30.61

34.25

When analyzing the support we notice one important area.

Support @30.92 from a horizontal line in the weekly time frame.

We found 1 important resistance area.

A resistance zone ranging from 33.73 to 33.91. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.

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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	13.24	NEGATIVE	BJRI has a low relative strength, it was outperformed by 86.76% 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)	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)	31.51	NEUTRAL	The RSI value for BJRI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.08	NEGATIVE	The MACD value suggests BJRI has a negative trend.
Stochastics (14,3)	10.38	OVERSOLD	The low Stochastics value suggests BJRI may be oversold.
Average True Range in percent/ATR (20)	3.45	MEDIUM VOLATILITY	The ATR as a percentage value for BJRI suggests some volalility.
Average Directional Index/ADX (14)	27.84	POSITIVE	The high ADX value value for BJRI suggests a strong trend.