CHEESECAKE FACTORY INC/THE (CAKE) Technical Analysis
NASDAQ:CAKE • US1630721017
Current stock price
CAKE Technical Rating and Analysis
We assign a technical rating of 7 out of 10 to CAKE. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, CAKE is only an average performer.
- Both the short term and long term trends are positive. This is a very positive sign.
- CAKE is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. CAKE outperforms 73% 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.
- In the last month CAKE has a been trading in the 52.82 - 63.90 range, which is quite wide. It is currently trading near the high of this range.
- CAKE has an average volume of 1332120 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, CAKE did better than 71% of all other stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
CAKE Weekly and Daily overview Charts
CAKE Setup Rating and Analysis
CAKE has an excellent technical rating, but the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
CAKE Support and Resistance Analysis
45.22
We found 5 important support areas.
- A support zone ranging from 58.27 to 59.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 55.99 to 56.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 54.06 to 54.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @48.32 from a trend line in the weekly time frame.
- Support @45.68 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 64.78 to 65.78. This zone is formed by a combination of multiple trend lines in multiple time frames.
CAKE 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 | UP | POSITIVE | The long term trend for CAKE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CAKE is up. |
| ChartMill Relative Strength | 71.05 | POSITIVE | CAKE has a high relative strength, it outperformed 71.05% 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 | MIXED | The current price of CAKE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of CAKE is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.8 | NEUTRAL | The RSI value for CAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests CAKE has a positive trend. |
| Stochastics (14,3) | 85.39 | OVERBOUGHT | The high Stochastics value suggests CAKE may be overbought. |
| Average True Range in percent/ATR (20) | 3.27 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 21.25 | NEUTRAL | The ADX value for CAKE suggests a possible start of a new trend. |
CAKE Chart- and CandleStick Pattern Analysis
CAKE Example Setup
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 |
|---|---|---|---|
| 65.79 | 57.38 | 8.41 (12.78%) | 7.82% |
| An entry @65.79. This is a Buy Stop order right above the resistance zone. | An exit @57.38. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 8.41 points, which is 12.78%. | For a 1.00% total portfolio risk, you can invest 7.82% of your capital in this trade. |
- 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.
CAKE Technicals: Chart, Performance Metrics, Trend & Indicators
63.27
+1.43 (+2.31%)
CHEESECAKE FACTORY INC/THE / CAKE TA FAQ
What is the technical rating for CAKE stock?
ChartMill assigns a technical rating of 7 / 10 to CAKE.
What is the trend direction for CAKE stock?
The current trend direction for CHEESECAKE FACTORY INC/THE (CAKE) is Bullish.
What is the RSI signal for CHEESECAKE FACTORY INC/THE (CAKE) stock?
CHEESECAKE FACTORY INC/THE (CAKE) has an RSI value of 63.7957. This indicates that the stock is currently neutral.
What is the short term momentum for CAKE stock?
The short term momentum for CHEESECAKE FACTORY INC/THE (CAKE) is positive.
What is the buy/sell signal for CAKE stock?
The buy/sell signal for CHEESECAKE FACTORY INC/THE (CAKE) is buy as both the short term and long term trends are positive.