RAVE RESTAURANT GROUP INC (RAVE) Stock Technical Analysis
NASDAQ:RAVE - Nasdaq - US7541981095 - Common Stock - Currency: USD
Taking everything into account, RAVE scores 8 out of 10 in our technical rating. Both in the recent history as in the last year, RAVE has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: RAVE has an average volume of 18714 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
RAVE is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. RAVE outperforms 87% of them.
RAVE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
When comparing the yearly performance of all stocks, we notice that RAVE is one of the better performing stocks in the market, outperforming 91% of all stocks. However, this overall performance is mostly based on the strong move around 7 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.
RAVE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.75. Right above this resistance zone may be a good entry point.
More info and screens
1.65
3.25
7 important support areas can be observed.
- A support zone ranging from 2.73 to 2.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.60 to 2.62. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.37 from a horizontal line in the daily time frame.
- Support @2.33 from a trend line in the weekly time frame.
- Support @2.15 from a trend line in the daily time frame.
- 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 3 important resistance areas.
- A resistance zone ranging from 2.79 to 2.83. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @3.11 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 | UP | POSITIVE | The long term trend for RAVE is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RAVE is up. |
| ChartMill Relative Strength | 91.45 | POSITIVE | RAVE has a high relative strength, it outperformed 91.45% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RAVE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RAVE is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RAVE is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 59.74 | NEUTRAL | The RSI value for RAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RAVE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.45 | NEUTRAL | The Stochastics value for RAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 4.95 | MEDIUM VOLATILITY | The ATR as a percentage value for RAVE suggests some volalility. |
| Average Directional Index/ADX (14) | 23.27 | NEUTRAL | The ADX value for RAVE suggests a possible start of a new 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 2.84 | 2.72 | 0.12 (4.23%) | 23.67% |
| An entry @2.84. This is a Buy Stop order right above the resistance zone. | An exit @2.72. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 4.23%. | When investing 23.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of RAVE. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:RAVE (5/23/2025, 11:34:38 AM)
2.78
+0.04 (+1.46%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg1.46%
1 Week-0.36%
2 Weeks4.58%
1 Month13.5%
3 Month7.03%
6 Month-5.19%
12 Month43.46%
2 Year60.23%
3 Year203.74%
5 Year204.41%
10 Year-78.97%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%4.95%
ATR Inc-39.35%
Range Today0.11
ADR(20)0.13
ADR(20)%4.51%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.45
Mansfield1.19
10 Day High2.89
10 Day Low2.54
20 Day High2.89
20 Day Low2.3
52 Week High3.36
52 Week Low1.7
CS1 End2.74
CR1 Start2.75
Volume & EV
DER(3)-13.34%
DER(5)-9.84%
Volume4.90K
Volume Incr-53.08%
Vol(5)8.26K
Vol(50)18.71K