BRINKER INTERNATIONAL INC (EAT) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:EAT • US1096411004
Overall EAT gets a technical rating of 9 out of 10. Both in the recent history as in the last year, EAT has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- EAT is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. EAT outperforms 89% of them.
- EAT 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 EAT is lagging the market slightly.
- In the last month EAT has a been trading in the 152.26 - 168.48 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- EAT has an average volume of 1284540 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, EAT did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
EAT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 165.74. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 161.58, a Stop Loss order could be placed below this zone.
More info and screens
110.73
We found 4 important support areas.
- A support zone ranging from 160.25 to 161.58. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 154.65 to 157.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 151.27 to 152.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @111.85 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 165.74 to 167.70. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 181.97 to 182.78. This zone is formed by a combination of multiple trend lines 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 | UP | POSITIVE | The long term trend for EAT is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for EAT is up. |
| ChartMill Relative Strength | 84.87 | POSITIVE | EAT has a high relative strength, it outperformed 84.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of EAT is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of EAT is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of EAT is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.3 | NEUTRAL | The RSI value for EAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.6 | NEGATIVE | The MACD value suggests EAT has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 63.4 | NEUTRAL | The Stochastics value for EAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.31 | MEDIUM VOLATILITY | The ATR as a percentage value for EAT suggests some volalility. |
| Average Directional Index/ADX (14) | 26.88 | POSITIVE | The high ADX value value for EAT suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 167.71 | 160.24 | 7.47 (4.45%) | 22.45% |
| An entry @167.71. This is a Buy Stop order right above the resistance zone. | An exit @160.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 7.47 points, which is 4.45%. | When investing 22.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of EAT. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
162.06
-1.39 (-0.85%)
BRINKER INTERNATIONAL INC / EAT FAQ
What is the technical rating for EAT stock?
ChartMill assigns a technical rating of 9 / 10 to EAT.
Can you provide the trend direction for BRINKER INTERNATIONAL INC?
The current trend direction for BRINKER INTERNATIONAL INC (EAT) is Bullish.
Can you provide the RSI signal for BRINKER INTERNATIONAL INC?
BRINKER INTERNATIONAL INC (EAT) has an RSI value of 57.2977. This indicates that the stock is currently neutral.
What is the buy/sell signal for BRINKER INTERNATIONAL INC (EAT) stock?
The buy/sell signal for BRINKER INTERNATIONAL INC (EAT) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for BRINKER INTERNATIONAL INC (EAT) stock?
BRINKER INTERNATIONAL INC (EAT) has a support level at 161.58 and a resistance level at 165.74. Check the full technical report for our detailed analysis of EAT support and resistance levels.