PLAY Technical Analysis - DAVE & BUSTER'S ENTERTAINMEN

Technical Rating and Analysis

Taking everything into account, PLAY scores 0 out of 10 in our technical rating. PLAY scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

97% of all other stocks performed better in the past year than PLAY.

PLAY is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 84% of 134 stocks in the same industry do better.

PLAY 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.

PLAY has an average volume of 1291320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

In the last month PLAY has a been trading in the 16.84 - 20.04 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

DAVE & BUSTER'S ENTERTAINMEN / PLAY Weekly stock chart

DAVE & BUSTER'S ENTERTAINMEN / PLAY Daily stock chart

Setup Rating and Analysis

PLAY has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 16.89, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.66

32.56

When analyzing the support we notice one important area.

A support zone ranging from 16.83 to 16.89. This zone is formed by a combination of multiple trend lines in multiple time frames.

5 important resistance areas can be observed.

Resistance @19.04 from a horizontal line in the daily time frame.
Resistance @21.05 from a trend line in the daily time frame.
Resistance @24.07 from a horizontal line in the daily time frame.
Resistance @27.61 from a trend line in the weekly time frame.
Resistance @32.24 from a trend line in the weekly 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 PLAY is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for PLAY is down.
ChartMill Relative Strength	3.89	NEGATIVE	PLAY has a low relative strength, it was outperformed by 96.11% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of PLAY is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of PLAY is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of PLAY is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.65	NEUTRAL	The RSI value for PLAY is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.29	POSITIVE	The MACD value suggests PLAY has a positive trend, although the MACD value is declining.
Stochastics (14,3)	63.1	NEUTRAL	The Stochastics value for PLAY is a neutral value.
Average True Range in percent/ATR (20)	4.44	MEDIUM VOLATILITY	The ATR as a percentage value for PLAY suggests some volalility.
Average Directional Index/ADX (14)	25.16	POSITIVE	The high ADX value value for PLAY suggests a strong trend.