RAVE RESTAURANT GROUP INC (RAVE)

US7541981095 - Common Stock

2.0996  0 (-0.02%)

Technical Rating and Analysis

5

Overall RAVE gets a technical rating of 5 out of 10. Although RAVE is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.

RAVE is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. RAVE outperforms 73% of them.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that RAVE is one of the better performing stocks in the market, outperforming 83% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
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 1.98 - 2.22 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Weekly and Daily overview Charts
RAVE Weekly chart
RAVE Daily chart
Setup Rating and Analysis

8

RAVE has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 2.11. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RAVE in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
Support and Resistance Analysis

1.71

2.29

3 important support areas can be observed.

  • A support zone ranging from 2.04 to 2.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @1.82 from a trend line in the weekly time frame.
  • A support zone ranging from 1.73 to 1.75. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 2.11 to 2.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A resistance zone ranging from 2.20 to 2.27. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.41
Mansfield-0.7
10 Day High2.17
10 Day Low1.98
20 Day High2.22
20 Day Low1.98
52 Week High2.64
52 Week Low1.5
Performance
1 Week2.42%
2 Weeks-1.89%
1 Month-4.13%
3 Month3.17%
6 Month-2.8%
12 Month37.23%
2 Year109.98%
3 Year56.69%
5 Year52.14%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.01
RSI(14)53.49
LBB2.02
UBB2.18
RAVE Daily chart

RAVE RESTAURANT GROUP INC

NASDAQ:RAVE (4/26/2024, 7:12:43 PM)

2.0996

0 (-0.02%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.02%
1 Week2.42%
2 Weeks-1.89%
1 Month-4.13%
3 Month3.17%
6 Month-2.8%
12 Month37.23%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.1
ATR(20)%4.56%
ATR Inc
Range Today0.05
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High2.17
10 Day Low1.98
20 Day High2.22
20 Day Low1.98
52 Week High2.64
52 Week Low1.5
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume10.20K
Volume Incr-3.28%
Vol(5)27.58K
Vol(50)30.43K