GTIM Technical Analysis - GOOD TIMES RESTAURANTS INC

Technical Rating and Analysis

Overall GTIM gets a technical rating of 0 out of 10. GTIM scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.

When comparing the yearly performance of all stocks, GTIM is a bad performer in the overall market: 94% of all stocks are doing better.

GTIM is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 75% of 134 stocks in the same industry do better.

GTIM is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month GTIM has a been trading in the 1.52 - 1.84 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GOOD TIMES RESTAURANTS INC / GTIM Weekly stock chart

GOOD TIMES RESTAURANTS INC / GTIM Daily stock chart

Setup Rating and Analysis

GTIM has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.52

1.81

When analyzing the support we notice one important area.

Support @1.54 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

A resistance zone ranging from 1.59 to 1.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 1.69 to 1.73. This zone is formed by a combination of multiple trend lines in multiple time frames.
A resistance zone ranging from 1.77 to 1.79. This zone is formed by a combination of multiple trend lines 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	DOWN	NEGATIVE	The long term trend for GTIM is down.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for GTIM is neutral.
ChartMill Relative Strength	6.34	NEGATIVE	GTIM has a low relative strength, it was outperformed by 93.66% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GTIM is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GTIM is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GTIM is below a declining SMA(200).
Relative Strength Index/RSI (14)	45.66	NEUTRAL	The RSI value for GTIM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.01	NEGATIVE	The MACD value suggests GTIM has a negative trend.
Stochastics (14,3)	39.68	NEUTRAL	The Stochastics value for GTIM is a neutral value.
Average True Range in percent/ATR (20)	5.46	HIGH VOLATILITY	The high ATR as a percentage value for GTIM suggests high volalility.
Average Directional Index/ADX (14)	15.73	NEGATIVE	The low ADX value for GTIM suggests a weak or negative trend.