RAVE RESTAURANT GROUP INC (RAVE) Technical Analysis
NASDAQ:RAVE • US7541981095
Current stock price
RAVE Technical Rating and Analysis
Overall RAVE gets a technical rating of 0 out of 10. RAVE'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.
- 76% of all other stocks performed better in the past year than RAVE.
- In the last month RAVE has a been trading in the 2.49 - 3.14 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: RAVE has an average volume of 26568 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- RAVE is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 49% of 126 stocks in the same industry.
- 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.
RAVE Weekly and Daily overview Charts
RAVE Setup Rating and Analysis
RAVE has a poor technical rating and the quality of the setup is also only medium 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.
More info and screens
RAVE Support and Resistance Analysis
2.47
3 important resistance areas can be observed.
- Resistance @2.69 from a horizontal line in the daily time frame.
- A resistance zone ranging from 3.20 to 3.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.44 from a trend line in the daily time frame.
RAVE 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 RAVE is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RAVE is down. |
| ChartMill Relative Strength | 24.26 | NEGATIVE | RAVE has a low relative strength, it was outperformed by 75.74% 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) | DOWN | NEGATIVE | The current price of RAVE is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RAVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 28.11 | OVERSOLD | The low RSI value suggests RAVE may be oversold. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RAVE has a negative trend. |
| Stochastics (14,3) | 20.39 | NEUTRAL | The Stochastics value for RAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 5.7 | HIGH VOLATILITY | The high ATR as a percentage value for RAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 46.32 | POSITIVE | The high ADX value value for RAVE suggests a strong trend. |
RAVE Chart- and CandleStick Pattern Analysis
RAVE Technicals: Chart, Performance Metrics, Trend & Indicators
2.49
-0.14 (-5.32%)
RAVE RESTAURANT GROUP INC / RAVE TA FAQ
Can you provide the ChartMill technical rating for RAVE RESTAURANT GROUP INC?
ChartMill assigns a technical rating of 0 / 10 to RAVE.
What is the trend direction for RAVE stock?
The current trend direction for RAVE RESTAURANT GROUP INC (RAVE) is Bearish.
Can you provide the RSI signal for RAVE RESTAURANT GROUP INC?
RAVE RESTAURANT GROUP INC (RAVE) has an RSI value of 28.1054. This indicates that the stock is currently oversold.
What is the MACD signal for RAVE stock?
The MACD indicator for RAVE RESTAURANT GROUP INC (RAVE) has a value of -0.0094311, indicating a bearish trend.
What is the support and resistance level for RAVE stock?
RAVE RESTAURANT GROUP INC (RAVE) has a resistance level at 2.69. Check the full technical report for our detailed analysis of RAVE support and resistance levels.