CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
USA - NASDAQ:CAKE - US1630721017 - Common Stock
We assign a technical rating of 0 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.
The technical rating of CAKE is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
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47.01
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 54.63 to 55.86. 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 | NEUTRAL | NEUTRAL | The long term trend for CAKE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for CAKE is down. |
| ChartMill Relative Strength | 20.33 | NEGATIVE | CAKE has a low relative strength, it was outperformed by 79.67% 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) | 26.57 | OVERSOLD | The low RSI value suggests CAKE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.63 | NEGATIVE | The MACD value suggests CAKE has a negative trend. |
| Stochastics (14,3) | 5.56 | OVERSOLD | The low Stochastics value suggests CAKE may be oversold. |
| Average True Range in percent/ATR (20) | 3.59 | MEDIUM VOLATILITY | The ATR as a percentage value for CAKE suggests some volalility. |
| Average Directional Index/ADX (14) | 28.56 | POSITIVE | The high ADX value value for CAKE suggests a strong trend. |
47.48
-2.32 (-4.66%)
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 26.5688. This indicates that the stock is currently oversold.
What is the support and resistance level for CAKE stock?
CHEESECAKE FACTORY INC/THE (CAKE) has a resistance level at 54.63. Check the full technical report for our detailed analysis of CAKE support and resistance levels.