CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
NASDAQ:CAKE - US1630721017 - Common Stock
61.08 USD
-0.62 (-1%)
60.6 USD
-0.48 (-0.79%)
We assign a technical rating of 7 out of 10 to CAKE. In the last year, CAKE was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month CAKE has a been trading in the 60.13 - 64.87 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
Looking at the yearly performance, CAKE did better than 87% of all other stocks. We also observe that the gains produced by CAKE over the past year are nicely spread over this period.
CAKE is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. CAKE outperforms 79% of them.
CAKE 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 CAKE is lagging the market slightly.
CAKE has an average volume of 1410450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, CAKE also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 61.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for CAKE in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
50.66
63.71
When analyzing the support we can see 3 important areas.
- A support zone ranging from 60.97 to 61.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @52.33 from a trend line in the weekly time frame.
- Support @51.17 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 61.77 to 63.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
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 CAKE is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAKE is down. |
| ChartMill Relative Strength | 87.21 | POSITIVE | CAKE has a high relative strength, it outperformed 87.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CAKE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CAKE is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CAKE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.84 | NEUTRAL | The RSI value for CAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.13 | NEGATIVE | The MACD value suggests CAKE has a negative trend. |
| Stochastics (14,3) | 28.11 | NEUTRAL | The Stochastics value for CAKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.4 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 9.2 | NEGATIVE | The low ADX value for CAKE suggests a weak or negative 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)
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 |
|---|---|---|---|
| 61.78 | 60.96 | 0.82 (1.32%) | 25.00% |
| An entry @61.78. This is a Buy Stop order right above the 10 day moving average. | An exit @60.96. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.82 points, which is 1.32%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of CAKE. Please evaluate whether better entry and exit points can be found.
- 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.
61.08
-0.62 (-1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1%
1 Week-1.34%
2 Weeks-1.36%
1 Month-1.09%
3 Month5.66%
6 Month24.25%
12 Month63.05%
2 Year101.58%
3 Year108.61%
5 Year120.19%
10 Year13.2%
15 Year130.75%
Volatility
ATR(14)1.32
ATR(20)%2.4%
ATR Inc-2.12%
Range Today1.44
ADR(20)1.4
ADR(20)%2.3%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.21
Mansfield0.74
10 Day High64.04
10 Day Low60.13
20 Day High64.87
20 Day Low60.13
52 Week High69.7
52 Week Low35.4
CS1 End61.07
CR1 Start61.77
Volume & EV
DER(3)3.55%
DER(5)-0.7%
Volume808.82K
Volume Incr-40.64%
Vol(5)842.57K
Vol(50)1.41M