NASDAQ:NDLS • US65540B1052
We assign a technical rating of 6 out of 10 to NDLS. NDLS has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
NDLS 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.
6.56
When analyzing the resistance we notice one important area.
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 NDLS is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NDLS is up. |
| ChartMill Relative Strength | 11.38 | NEGATIVE | NDLS has a low relative strength, it was outperformed by 88.62% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NDLS is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NDLS is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of NDLS is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 70.82 | OVERBOUGHT | The high RSI value suggests NDLS may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests NDLS has a positive trend. |
| Stochastics (14,3) | 92.76 | OVERBOUGHT | The high Stochastics value suggests NDLS may be overbought. |
| Average True Range in percent/ATR (20) | 8.38 | HIGH VOLATILITY | The high ATR as a percentage value for NDLS suggests high volalility. |
| Average Directional Index/ADX (14) | 25.9 | POSITIVE | The high ADX value value for NDLS suggests a strong trend. |
6.63
+0.35 (+5.57%)
ChartMill assigns a technical rating of 6 / 10 to NDLS.
The current trend direction for NOODLES & CO (NDLS) is Bearish.
NOODLES & CO (NDLS) has an RSI value of 70.8182. This indicates that the stock is currently overbought.
The short term momentum for NOODLES & CO (NDLS) is positive.