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FIESTA RESTAURANT GROUP (FRGI) Stock Technical Analysis

USA - Nasdaq - NASDAQ:FRGI - US31660B1017 - Common Stock

8.49 USD
0 (0%)
Last: 10/27/2023, 8:16:49 PM
8.495 USD
+0 (+0.06%)
After Hours: 10/27/2023, 8:16:49 PM
Technical Rating and Analysis

8

Overall FRGI gets a technical rating of 8 out of 10. Both in the recent history as in the last year, FRGI 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.
FRGI is part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. FRGI outperforms 96% of them.
FRGI 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 FRGI is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that FRGI is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month FRGI has a been trading in a tight range between 8.44 and 8.51.
Weekly and Daily overview Charts
FIESTA RESTAURANT GROUP / FRGI Weekly stock chart
FIESTA RESTAURANT GROUP / FRGI Daily stock chart
Setup Rating and Analysis

8

FRGI 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. There is very little resistance above the current price. There is a support zone below the current price at 8.49, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

6.19

9.25

We found 5 important support areas.

  • A support zone ranging from 8.38 to 8.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 8.15 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @7.55 from a horizontal line in the daily time frame.
  • Support @7.29 from a horizontal line in the weekly time frame.
  • Support @6.25 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • Resistance @8.98 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 9.15 to 9.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for FRGI is up.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for FRGI is up.
ChartMill Relative Strength90.28POSITIVEFRGI has a high relative strength, it outperformed 90.28% off all stocks on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of FRGI is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of FRGI is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of FRGI is above the rising SMA(200).
Relative Strength Index/RSI (14)64.58NEUTRALThe RSI value for FRGI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0NEGATIVEThe MACD value suggests FRGI has a negative trend.
Stochastics (14,3)64.44NEUTRALThe Stochastics value for FRGI is a neutral value.
Average True Range in percent/ATR (20)0.25LOW VOLATILITYThe low ATR as a percentage value for FRGI suggests low volalility.
Average Directional Index/ADX (14)41.79POSITIVEThe high ADX value value for FRGI suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
8.528.460.06 (0.70%)25.00%
An entry @8.52. This is a Buy Stop order right above the 10 day high.An exit @8.46. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.06 points, which is 0.70%.For a 0.18% total portfolio risk, you can invest 25.00% 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.
FIESTA RESTAURANT GROUP / FRGI Daily stock chart

FIESTA RESTAURANT GROUP

NASDAQ:FRGI (10/27/2023, 8:16:49 PM)

After market: 8.495 +0 (+0.06%)

8.49

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0%
1 Week0%
2 Weeks0.24%
1 Month0.35%
3 Month10.84%
6 Month5.73%
12 Month23.58%
2 Year-19.45%
3 Year-1.74%
5 Year-67.11%
10 Year-79.97%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.25%
ATR Inc-55.56%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.28
3 months CRSN/A
6 months CRSN/A
Mansfield0.81
10 Day High8.51
10 Day Low8.47
20 Day High8.51
20 Day Low8.44
52 Week High9.28
52 Week Low6
CS1 End8.49
CR1 Start8.98
Volume & EV
DER(3)-4.68%
DER(5)-2.99%
Volume501.70K
Volume Incr78.98%
Vol(5)263.72K
Vol(50)220.84K

FIESTA RESTAURANT GROUP / FRGI FAQ

What is the ChartMill technical rating of FIESTA RESTAURANT GROUP (FRGI) stock?

ChartMill assigns a technical rating of 7 / 10 to FRGI.


Can you provide the trend direction for FIESTA RESTAURANT GROUP?

The current trend direction for FIESTA RESTAURANT GROUP (FRGI) is Bullish.


What is the RSI signal for FRGI stock?

FIESTA RESTAURANT GROUP (FRGI) has an RSI value of 64.5758. This indicates that the stock is currently neutral.


Can you provide the MACD signal for FIESTA RESTAURANT GROUP?

The MACD indicator for FIESTA RESTAURANT GROUP (FRGI) has a value of -0.00279245, indicating a bearish trend.


What is the buy/sell signal for FRGI stock?

The buy/sell signal for FIESTA RESTAURANT GROUP (FRGI) is buy as both the short term and long term trends are positive.