CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
USA - NASDAQ:CAKE - US1630721017 - Common Stock
Taking everything into account, CAKE scores 0 out of 10 in our technical rating. CAKE's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, CAKE does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
44.48
We found 1 important support area.
- A support zone ranging from 44.93 to 44.93. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 53.17 to 53.93. 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 | DOWN | NEGATIVE | The short term trend for CAKE is down. |
| ChartMill Relative Strength | 16.35 | NEGATIVE | CAKE has a low relative strength, it was outperformed by 83.65% 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) | 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) | 25.19 | OVERSOLD | The low RSI value suggests CAKE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests CAKE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 2.45 | OVERSOLD | The low Stochastics value suggests CAKE may be oversold. |
| Average True Range in percent/ATR (20) | 3.62 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 40.53 | POSITIVE | The high ADX value value for CAKE suggests a strong trend. |
44.94
-0.95 (-2.07%)
CHEESECAKE FACTORY INC/THE / CAKE FAQ
What is the technical rating for CAKE stock?
ChartMill assigns a technical rating of 0 / 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 25.1923. This indicates that the stock is currently oversold.
What is the buy/sell signal for CAKE stock?
The buy/sell signal for CHEESECAKE FACTORY INC/THE (CAKE) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for CHEESECAKE FACTORY INC/THE?
CHEESECAKE FACTORY INC/THE (CAKE) has a support level at 44.93 and a resistance level at 53.17. Check the full technical report for our detailed analysis of CAKE support and resistance levels.