BRINKER INTERNATIONAL INC (EAT) Stock Technical Analysis
NYSE:EAT - New York Stock Exchange, Inc. - US1096411004 - Common Stock - Currency: USD
Taking everything into account, EAT scores 8 out of 10 in our technical rating. In the last year, EAT was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, EAT did better than 97% of all other stocks. On top of that, EAT also shows a nice and consistent pattern of rising prices.
EAT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 97% of 135 stocks in the same industry.
EAT has an average volume of 1656040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
EAT is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so EAT is lagging the market slightly.
In the last month EAT has a been trading in the 125.78 - 162.92 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, but the quality of the setup is only medium 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.
More info and screens
126.08
166.48
5 important support areas can be observed.
- A support zone ranging from 143.26 to 146.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @138.75 from a trend line in the weekly time frame.
- A support zone ranging from 132.10 to 133.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @129.52 from a trend line in the daily time frame.
- Support @127.35 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 157.95 to 160.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @164.83 from a horizontal line in the daily 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 | 97.14 | POSITIVE | EAT has a high relative strength, it outperformed 97.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of EAT is above 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) | 57.33 | NEUTRAL | The RSI value for EAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.18 | POSITIVE | The MACD value suggests EAT has a positive trend. |
| Stochastics (14,3) | 83.45 | OVERBOUGHT | The high Stochastics value suggests EAT may be overbought. |
| Average True Range in percent/ATR (20) | 4.39 | MEDIUM VOLATILITY | The ATR as a percentage value for EAT suggests some volalility. |
| Average Directional Index/ADX (14) | 12.26 | NEGATIVE | The low ADX value for EAT suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 160.69 | 143.25 | 17.44 (10.85%) | 9.21% |
| An entry @160.69. This is a Buy Stop order right above the resistance zone. | An exit @143.25. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 17.44 points, which is 10.85%. | For a 1.00% total portfolio risk, you can invest 9.21% of your capital in this trade. |
- 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.
154.53
+5.53 (+3.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg3.71%
1 Week1.93%
2 Weeks12.81%
1 Month-3.21%
3 Month6.67%
6 Month23.01%
12 Month133.01%
2 Year322.44%
3 Year409.16%
5 Year486.45%
10 Year180.05%
15 Year769.12%
Volatility
ATR(14)5.86
ATR(20)%4.39%
ATR Inc33.44%
Range Today9.11
ADR(20)5.89
ADR(20)%3.81%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.14
Mansfield3.58
10 Day High155.24
10 Day Low140.33
20 Day High162.92
20 Day Low125.78
52 Week High192.22
52 Week Low56.27
CS1 End146.52
CR1 Start157.95
Volume & EV
DER(3)-0.22%
DER(5)0.61%
Volume1.46M
Volume Incr-36.42%
Vol(5)1.25M
Vol(50)1.66M