CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
NASDAQ:CAKE - Nasdaq - US1630721017 - Common Stock - Currency: USD
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.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that CAKE is one of the better performing stocks in the market, outperforming 88% of all stocks.
CAKE is part of the Hotels, Restaurants & Leisure industry. There are 136 other stocks in this industry. CAKE outperforms 81% of them.
In the last month CAKE has a been trading in the 42.69 - 52.27 range, which is quite wide. It is currently trading near the high of this range.
CAKE has an average volume of 1600530 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
CAKE is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Besides having an excellent technical rating, CAKE also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 50.85. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.16
57.29
We found 4 important support areas.
- A support zone ranging from 48.38 to 49.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @47.19 from a trend line in the weekly time frame.
- A support zone ranging from 44.22 to 45.67. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.57 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 50.85 to 51.20. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 56.16 to 56.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.34
Mansfield1.39
10 Day High52.27
10 Day Low47.23
20 Day High52.27
20 Day Low42.69
52 Week High57.32
52 Week Low33.5
Performance
1 Week-1.31%
2 Weeks3.15%
1 Month10.33%
3 Month-5.46%
6 Month8.27%
12 Month33.86%
2 Year60.87%
3 Year54.32%
5 Year134.64%
10 Year-2.27%
15 Year97.65%
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)
Technical Indicators
MACD(12,26,9)0.22
RSI(14)54.05
LBB46.64
UBB52.34
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 |
|---|---|---|---|
| 51.21 | 48.37 | 2.84 (5.55%) | 18.03% |
| An entry @51.21. This is a Buy Stop order right above the resistance zone. | An exit @48.37. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.84 points, which is 5.55%. | For a 1.00% total portfolio risk, you can invest 18.03% 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.
50.4
+0.09 (+0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.18%
1 Week-1.31%
2 Weeks3.15%
1 Month10.33%
3 Month-5.46%
6 Month8.27%
12 Month33.86%
2 Year60.87%
3 Year54.32%
5 Year134.64%
10 Year-2.27%
15 Year97.65%
Volatility
ATR(14)2.03
ATR(20)%5.04%
ATR Inc4.75%
Range Today1.65
ADR(20)2.42
ADR(20)%4.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.34
Mansfield1.39
10 Day High52.27
10 Day Low47.23
20 Day High52.27
20 Day Low42.69
52 Week High57.32
52 Week Low33.5
CS1 End49.34
CR1 Start50.85
Volume & EV
DER(3)2.91%
DER(5)0.73%
Volume1.06M
Volume Incr46.08%
Vol(5)1.99M
Vol(50)1.60M