BRINKER INTERNATIONAL INC (EAT) Stock Technical Analysis
NYSE:EAT • US1096411004
We assign a technical rating of 7 out of 10 to EAT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- EAT is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. EAT outperforms 92% 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.
- EAT has an average volume of 1212840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the yearly performance of all stocks, we notice that EAT is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month EAT has a been trading in the 152.26 - 175.29 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
EAT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 170.88. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 156.63, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for EAT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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111.43
When analyzing the support we can see 2 important areas.
- A support zone ranging from 151.81 to 156.63. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @112.56 from a trend line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 170.88 to 171.22. 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 | NEUTRAL | NEUTRAL | The short term trend for EAT is neutral. |
| ChartMill Relative Strength | 81.14 | POSITIVE | EAT has a high relative strength, it outperformed 81.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of EAT is below a declining 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) | 51.06 | NEUTRAL | The RSI value for EAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.56 | NEGATIVE | The MACD value suggests EAT has a negative trend. |
| Stochastics (14,3) | 48.2 | NEUTRAL | The Stochastics value for EAT is a neutral value. |
| Average True Range in percent/ATR (20) | 4.71 | MEDIUM VOLATILITY | The ATR as a percentage value for EAT suggests some volalility. |
| Average Directional Index/ADX (14) | 29.49 | 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 |
|---|---|---|---|
| 171.23 | 156.28 | 14.95 (8.73%) | 11.45% |
| An entry @171.23. This is a Buy Stop order right above the resistance zone. | An exit @156.28. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 14.95 points, which is 8.73%. | When investing 11.45% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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.
161.07
-1.47 (-0.9%)
BRINKER INTERNATIONAL INC / EAT FAQ
What is the technical rating for EAT stock?
ChartMill assigns a technical rating of 7 / 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 51.056. This indicates that the stock is currently neutral.
What are the support and resistance levels for BRINKER INTERNATIONAL INC (EAT) stock?
BRINKER INTERNATIONAL INC (EAT) has a support level at 156.63 and a resistance level at 170.88. Check the full technical report for our detailed analysis of EAT support and resistance levels.