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 7 out of 10 in our technical rating. 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.
Looking at the yearly performance, EAT did better than 95% 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 95% of 131 stocks in the same industry.
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 1332750 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
In the last month EAT has a been trading in the 151.34 - 170.44 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. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
126.08
191.03
4 important support areas can be observed.
- A support zone ranging from 156.19 to 158.02. 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 152.31 to 153.49. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 132.10 to 132.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @127.35 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 160.97 to 161.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @165.90 from a horizontal line 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.
- Resistance @189.14 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 | DOWN | NEGATIVE | The short term trend for EAT is down. |
| ChartMill Relative Strength | 95.19 | POSITIVE | EAT has a high relative strength, it outperformed 95.19% 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 | MIXED | The current price of EAT is below 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) | 44.82 | NEUTRAL | The RSI value for EAT is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.09 | POSITIVE | The MACD value suggests EAT has a positive trend. |
| Stochastics (14,3) | 46.23 | NEUTRAL | The Stochastics value for EAT is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for EAT suggests some volalility. |
| Average Directional Index/ADX (14) | 21.37 | NEUTRAL | The ADX value for EAT suggests a possible start of a new 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 |
|---|---|---|---|
| 161.73 | 156.18 | 5.55 (3.43%) | 25.00% |
| An entry @161.73. This is a Buy Stop order right above the resistance zone. | An exit @156.18. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 5.55 points, which is 3.43%. | For a 0.86% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
159.09
+0.41 (+0.26%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.26%
1 Week-4.1%
2 Weeks-0.88%
1 Month-5.97%
3 Month16.14%
6 Month-7.54%
12 Month138.73%
2 Year386.07%
3 Year549.08%
5 Year253.22%
10 Year199.44%
15 Year910.09%
Volatility
ATR(14)5.46
ATR(20)%3.33%
ATR Inc-44.14%
Range Today3.27
ADR(20)5
ADR(20)%3.14%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.19
Mansfield1.01
10 Day High168.87
10 Day Low151.35
20 Day High170.44
20 Day Low151.35
52 Week High192.22
52 Week Low58.85
CS1 End158.02
CR1 Start160.97
Volume & EV
DER(3)-2.43%
DER(5)-1.05%
Volume485.20K
Volume Incr-24.27%
Vol(5)965.32K
Vol(50)1.33M