CBRL Technical Analysis - CRACKER BARREL OLD COUNTRY

Technical Rating and Analysis

Taking everything into account, CBRL scores 0 out of 10 in our technical rating. CBRL'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.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

When comparing the yearly performance of all stocks, CBRL is a bad performer in the overall market: 86% of all stocks are doing better.

CBRL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

CBRL is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.

CBRL has an average volume of 1506340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

CBRL is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, CBRL did better than 41% of them.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

CRACKER BARREL OLD COUNTRY / CBRL Weekly stock chart

CRACKER BARREL OLD COUNTRY / CBRL Daily stock chart

Setup Rating and Analysis

The technical rating of CBRL is bad and it also does not present a 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

36.96

65.73

2 important support areas can be observed.

A support zone ranging from 43.49 to 43.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @37.33 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 53.67 to 54.32. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @65.08 from a trend line in the weekly time frame.

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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	DOWN	NEGATIVE	The long term trend for CBRL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for CBRL is down.
ChartMill Relative Strength	14.73	NEGATIVE	CBRL has a low relative strength, it was outperformed by 85.27% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of CBRL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of CBRL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of CBRL is below a declining SMA(200).
Relative Strength Index/RSI (14)	35.99	NEUTRAL	The RSI value for CBRL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.31	NEGATIVE	The MACD value suggests CBRL has a negative trend, although the MACD value is rising.
Stochastics (14,3)	16.16	OVERSOLD	The low Stochastics value suggests CBRL may be oversold.
Average True Range in percent/ATR (20)	5.17	HIGH VOLATILITY	The high ATR as a percentage value for CBRL suggests high volalility.
Average Directional Index/ADX (14)	29.03	POSITIVE	The high ADX value value for CBRL suggests a strong trend.