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. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAKE is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, CAKE did better than 88% of all other stocks.
CAKE is part of the Hotels, Restaurants & Leisure industry. There are 134 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 is also trading in the upper part of its 52 week range, so CAKE is performing more or less in line with the market.
In the last month CAKE has a been trading in the 47.23 - 56.26 range, which is quite wide. It is currently trading near the high of this range.
CAKE has an average volume of 1300780 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although CAKE has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
40.57
57.29
When analyzing the support we can see 5 important areas.
- A support zone ranging from 51.17 to 52.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @48.10 from a trend line in the weekly time frame.
- Support @46.11 from a trend line in the daily time frame.
- Support @44.87 from a horizontal line in the daily time frame.
- Support @40.98 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.16 to 56.72. 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 | UP | POSITIVE | The short term trend for CAKE is up. |
| ChartMill Relative Strength | 88.34 | POSITIVE | CAKE has a high relative strength, it outperformed 88.34% 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) | 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) | 62.7 | NEUTRAL | The RSI value for CAKE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests CAKE has a positive trend. |
| Stochastics (14,3) | 63.16 | NEUTRAL | The Stochastics value for CAKE is a neutral value. |
| Average True Range in percent/ATR (20) | 3.39 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 18.51 | NEGATIVE | The low ADX value for CAKE suggests a weak or negative 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)
55.42
+2.84 (+5.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg5.4%
1 Week1.61%
2 Weeks5.5%
1 Month8.52%
3 Month2.57%
6 Month9.44%
12 Month44.02%
2 Year76.89%
3 Year69.69%
5 Year158.01%
10 Year7.47%
15 Year117.33%
Volatility
ATR(14)1.59
ATR(20)%3.39%
ATR Inc75.66%
Range Today2.94
ADR(20)1.7
ADR(20)%3.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.34
Mansfield1.76
10 Day High56.26
10 Day Low51.36
20 Day High56.26
20 Day Low47.23
52 Week High57.32
52 Week Low33.5
CS1 End52.34
CR1 Start56.16
Volume & EV
DER(3)-1.74%
DER(5)-1.03%
Volume1.55M
Volume Incr-33.77%
Vol(5)965.90K
Vol(50)1.30M