FWRG Technical Analysis - FIRST WATCH RESTAURANT GROUP

Technical Rating and Analysis

Overall FWRG gets a technical rating of 5 out of 10. FWRG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.

FWRG is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. FWRG outperforms 74% of them.

In the last month FWRG has a been trading in the 15.08 - 18.29 range, which is quite wide. It is currently trading near the high of this range.

FWRG has an average volume of 1197400 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When compared to the yearly performance of all other stocks, FWRG outperforms 57% of them, which is more or less in line with the market.

FWRG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so FWRG is lagging the market.

Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

FIRST WATCH RESTAURANT GROUP / FWRG Weekly stock chart

FIRST WATCH RESTAURANT GROUP / FWRG Daily stock chart

Setup Rating and Analysis

FWRG has an average technical rating and it also does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

14.77

19.36

We found 1 important support area.

A support zone ranging from 14.92 to 15.26. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 18.33 to 18.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @18.84 from a horizontal line in the weekly time frame.
Resistance @19.17 from a horizontal line in the daily time frame.

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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.

Indicator	Value	Signal	Comment
ChartMill Long Term Trend Indicator	NEUTRAL	NEUTRAL	The long term trend for FWRG is neutral.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for FWRG is up.
ChartMill Relative Strength	57.21	NEUTRAL	FWRG is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of FWRG is above the rising SMA(20).
Simple Moving Average/SMA (50)	DOWN	MIXED	The current price of FWRG is above a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of FWRG is below a declining SMA(200).
Relative Strength Index/RSI (14)	59.86	NEUTRAL	The RSI value for FWRG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests FWRG has a positive trend.
Stochastics (14,3)	87.13	OVERBOUGHT	The high Stochastics value suggests FWRG may be overbought.
Average True Range in percent/ATR (20)	3.99	MEDIUM VOLATILITY	The ATR as a percentage value for FWRG suggests some volalility.
Average Directional Index/ADX (14)	25.38	POSITIVE	The high ADX value value for FWRG suggests a strong trend.