RAVE RESTAURANT GROUP INC (RAVE) Stock Technical Analysis
NASDAQ:RAVE - Nasdaq - US7541981095 - Common Stock - Currency: USD
We assign a technical rating of 2 out of 10 to RAVE. RAVE has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Warning: RAVE has an average volume of 18324 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
When comparing the yearly performance of all stocks, we notice that RAVE is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
RAVE is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, RAVE did better than 67% of them.
RAVE is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so RAVE is lagging the market slightly.
In the last month RAVE has a been trading in the 2.36 - 2.82 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
Although the technical rating is bad, RAVE does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 2.44, a Stop Loss order could be placed below this zone.
More info and screens
1.65
3.25
We found 4 important support areas.
- A support zone ranging from 2.38 to 2.44. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 2.20 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 1.76 to 1.77. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- Support @1.67 from a horizontal line in the weekly time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 2.60 to 2.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 2.79 to 2.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.07 from a trend line in the daily time frame.
- Resistance @3.22 from a horizontal line in the weekly time frame.
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 RAVE is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAVE is down. |
| ChartMill Relative Strength | 79.12 | POSITIVE | RAVE has a high relative strength, it outperformed 79.12% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RAVE is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RAVE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RAVE is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.68 | NEUTRAL | The RSI value for RAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests RAVE has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.81 | NEUTRAL | The Stochastics value for RAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.98 | MEDIUM VOLATILITY | The ATR as a percentage value for RAVE suggests some volalility. |
| Average Directional Index/ADX (14) | 38.53 | POSITIVE | The high ADX value value for RAVE suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
NASDAQ:RAVE (6/20/2025, 8:00:02 PM)
2.54
+0.04 (+1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.6%
1 Week3.04%
2 Weeks-3.79%
1 Month-6.96%
3 Month-7.64%
6 Month-4.87%
12 Month32.29%
2 Year25.74%
3 Year133.03%
5 Year236.65%
10 Year-80.54%
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%4.98%
ATR Inc-2.17%
Range Today0.08
ADR(20)0.12
ADR(20)%4.85%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.12
Mansfield0.02
10 Day High2.74
10 Day Low2.36
20 Day High2.82
20 Day Low2.36
52 Week High3.36
52 Week Low1.7
CS1 End2.44
CR1 Start2.6
Volume & EV
DER(3)-12.85%
DER(5)-21.84%
Volume15.40K
Volume Incr121.49%
Vol(5)31.12K
Vol(50)18.32K