CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
NASDAQ:CAKE - Nasdaq - US1630721017 - Common Stock - Currency: USD
Overall CAKE gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CAKE has proven to be a steady performer, scoring decent points in every aspect analyzed.
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 89% of all stocks. We also observe that the gains produced by CAKE over the past year are nicely spread over this period.
CAKE is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. CAKE outperforms 81% 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.
CAKE has an average volume of 1254240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CAKE has a been trading in the 57.12 - 65.99 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although CAKE has an excellent technical rating, it does not offer a high quality setup 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
41.51
66.36
5 important support areas can be observed.
- A support zone ranging from 60.93 to 61.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @51.17 from a horizontal line in the daily time frame.
- Support @50.21 from a trend line in the weekly time frame.
- Support @47.31 from a trend line in the daily time frame.
- Support @41.93 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 65.70 to 65.70. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for CAKE is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CAKE is neutral. |
| ChartMill Relative Strength | 89.62 | POSITIVE | CAKE has a high relative strength, it outperformed 89.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of CAKE is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CAKE is above the rising 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) | 53.09 | NEUTRAL | The RSI value for CAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.46 | NEGATIVE | The MACD value suggests CAKE has a negative trend. |
| Stochastics (14,3) | 39.27 | NEUTRAL | The Stochastics value for CAKE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.87 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 30.92 | POSITIVE | The high ADX value value for CAKE suggests a strong trend. |
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)
61.91
-0.45 (-0.72%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.72%
1 Week-3.52%
2 Weeks-5.15%
1 Month4.93%
3 Month29.33%
6 Month26.97%
12 Month55.59%
2 Year68.33%
3 Year111.8%
5 Year157.96%
10 Year7.22%
15 Year164.12%
Volatility
ATR(14)1.8
ATR(20)%2.87%
ATR Inc21%
Range Today2.46
ADR(20)1.76
ADR(20)%2.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS89.62
Mansfield1.79
10 Day High65.99
10 Day Low60.51
20 Day High65.99
20 Day Low57.12
52 Week High65.99
52 Week Low33.5
CS1 End61.9
CR1 Start65.7
Volume & EV
DER(3)1.92%
DER(5)0.82%
Volume1.58M
Volume Incr-11.26%
Vol(5)1.23M
Vol(50)1.25M