CAKE Technical Analysis - CHEESECAKE FACTORY INC/THE

Technical Rating and Analysis

Overall CAKE gets a technical rating of 1 out of 10. CAKE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.

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

CAKE is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

CAKE has an average volume of 1412800 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, CAKE outperforms 59% of them, which is more or less in line with the market.

CAKE is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry, CAKE did better than 67% of them.

CAKE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so CAKE is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CHEESECAKE FACTORY INC/THE / CAKE Weekly stock chart

CHEESECAKE FACTORY INC/THE / CAKE Daily stock chart

Setup Rating and Analysis

CAKE has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 55.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 54.69, 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

51.83

56.59

When analyzing the support we can see 2 important areas.

A support zone ranging from 53.54 to 54.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @52.35 from a horizontal line in the daily time frame.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 55.18 to 56.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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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 CAKE is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CAKE is down.
ChartMill Relative Strength	59.22	NEUTRAL	CAKE is not amongst the best or worst performers 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)	DOWN	NEGATIVE	The current price of CAKE is below a declining 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)	38.89	NEUTRAL	The RSI value for CAKE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.17	POSITIVE	The MACD value suggests CAKE has a positive trend.
Stochastics (14,3)	34.8	NEUTRAL	The Stochastics value for CAKE is a neutral value.
Average True Range in percent/ATR (20)	2.51	MEDIUM VOLATILITY	The ATR as a percentage value for CAKE suggests some volalility.
Average Directional Index/ADX (14)	28.63	POSITIVE	The high ADX value value for CAKE suggests a strong trend.