CRACKER BARREL OLD COUNTRY (CBRL) Technical Analysis
NASDAQ:CBRL • US22410J1060
We assign a technical rating of 2 out of 10 to CBRL. 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 neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, CBRL is a bad performer in the overall market: 79% 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.
- In the last month CBRL has a been trading in the 30.26 - 34.43 range, which is quite wide. It is currently trading near the lows of this range.
- CBRL has an average volume of 1488930 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 125 other stocks in this industry, CBRL did better than 44% of them.
Although the technical rating is bad, CBRL does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 30.61, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
30.27
When analyzing the support we notice one important area.
- A support zone ranging from 30.58 to 30.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
4 important resistance areas can be observed.
- A resistance zone ranging from 31.66 to 32.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @32.99 from a trend line in the daily time frame.
- A resistance zone ranging from 33.90 to 33.91. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @34.51 from a horizontal line in the weekly time frame.
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 | NEUTRAL | NEUTRAL | The short term trend for CBRL is neutral. |
| ChartMill Relative Strength | 21.51 | NEGATIVE | CBRL has a low relative strength, it was outperformed by 78.49% 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) | UP | POSITIVE | The current price of CBRL is above the rising 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) | 45.32 | NEUTRAL | The RSI value for CBRL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.27 | NEGATIVE | The MACD value suggests CBRL has a negative trend. |
| Stochastics (14,3) | 24.31 | NEUTRAL | The Stochastics value for CBRL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.01 | HIGH VOLATILITY | The high ATR as a percentage value for CBRL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.77 | NEGATIVE | The low ADX value for CBRL suggests a weak or negative trend. |
CBRL Technicals: Chart, Performance Metrics, Trend & Indicators
30.62
-0.09 (-0.29%)
CRACKER BARREL OLD COUNTRY / CBRL FAQ
Can you provide the ChartMill technical rating for CRACKER BARREL OLD COUNTRY?
ChartMill assigns a technical rating of 2 / 10 to CBRL.
What is the trend direction for CBRL stock?
The current trend direction for CRACKER BARREL OLD COUNTRY (CBRL) is Bearish.
Can you provide the RSI signal for CRACKER BARREL OLD COUNTRY?
CRACKER BARREL OLD COUNTRY (CBRL) has an RSI value of 45.3158. This indicates that the stock is currently neutral.
What is the MACD signal for CRACKER BARREL OLD COUNTRY (CBRL) stock?
The MACD indicator for CRACKER BARREL OLD COUNTRY (CBRL) has a value of -0.26616, indicating a bearish trend.
What is the support and resistance level for CBRL stock?
CRACKER BARREL OLD COUNTRY (CBRL) has a support level at 30.61 and a resistance level at 31.66. Check the full technical report for our detailed analysis of CBRL support and resistance levels.