Taking everything into account, FRGI scores 8 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRGI is showing a nice and steady performance.
Besides having an excellent technical rating, FRGI 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.
More info and screens
6.19
5 important support areas can be observed.
- 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.
When analyzing the resistance we notice 2 important areas.
- 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.
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 FRGI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for FRGI is up. |
| ChartMill Relative Strength | 90.28 | POSITIVE | FRGI has a high relative strength, it outperformed 90.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of FRGI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of FRGI is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of FRGI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 64.58 | NEUTRAL | The RSI value for FRGI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests FRGI has a negative trend. |
| Stochastics (14,3) | 64.44 | NEUTRAL | The Stochastics value for FRGI is a neutral value. |
| Average True Range in percent/ATR (20) | 0.25 | LOW VOLATILITY | The low ATR as a percentage value for FRGI suggests low volalility. |
| Average Directional Index/ADX (14) | 41.79 | POSITIVE | The high ADX value value for FRGI 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 |
|---|---|---|---|
| 8.52 | 8.46 | 0.06 (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%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
8.49
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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.