GTIM Technical Analysis - GOOD TIMES RESTAURANTS INC

Technical Rating and Analysis

Overall GTIM gets a technical rating of 1 out of 10. GTIM's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

93% of all other stocks performed better in the past year than GTIM.

GTIM is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 73% of 135 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.

Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.

Warning: GTIM has an average volume of 25814 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

In the last month GTIM has a been trading in the 1.24 - 1.68 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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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

The technical rating of GTIM is bad and it also does not present a 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

1.42

1.81

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 1.60 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @1.73 from a trend line in the daily time frame.
Resistance @1.79 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	DOWN	NEGATIVE	The long term trend for GTIM is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GTIM is down.
ChartMill Relative Strength	7.23	NEGATIVE	GTIM has a low relative strength, it was outperformed by 92.77% 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)	UP	MIXED	The current price of GTIM is below the rising 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)	31.89	NEUTRAL	The RSI value for GTIM is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests GTIM has a negative trend.
Stochastics (14,3)	46.21	NEUTRAL	The Stochastics value for GTIM is a neutral value.
Average True Range in percent/ATR (20)	5.09	HIGH VOLATILITY	The high ATR as a percentage value for GTIM suggests high volalility.
Average Directional Index/ADX (14)	18.52	NEGATIVE	The low ADX value for GTIM suggests a weak or negative trend.