We assign a technical rating of 1 out of 10 to CAKE. CAKE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
CAKE has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 46.19, a Stop Loss order could be placed below this zone.
More info and screens
43.79
We found 1 important support area.
- A support zone ranging from 44.23 to 46.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 47.12 to 48.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 50.42 to 51.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | NEUTRAL | NEUTRAL | The short term trend for CAKE is neutral. |
| ChartMill Relative Strength | 19.86 | NEGATIVE | CAKE has a low relative strength, it was outperformed by 80.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CAKE is above the rising 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) | DOWN | NEGATIVE | The current price of CAKE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 45.43 | NEUTRAL | The RSI value for CAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests CAKE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.9 | NEUTRAL | The Stochastics value for CAKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.56 | POSITIVE | The high ADX value value for CAKE suggests a strong trend. |
46.98
-0.8 (-1.67%)
CHEESECAKE FACTORY INC/THE / CAKE FAQ
What is the technical rating for CAKE stock?
ChartMill assigns a technical rating of 1 / 10 to CAKE.
Can you provide the trend direction for CHEESECAKE FACTORY INC/THE?
The current trend direction for CHEESECAKE FACTORY INC/THE (CAKE) is Bearish.
What is the RSI signal for CAKE stock?
CHEESECAKE FACTORY INC/THE (CAKE) has an RSI value of 45.4255. This indicates that the stock is currently neutral.
What is the support and resistance level for CAKE stock?
CHEESECAKE FACTORY INC/THE (CAKE) has a support level at 46.19 and a resistance level at 47.12. Check the full technical report for our detailed analysis of CAKE support and resistance levels.