RAVE RESTAURANT GROUP INC (RAVE) Technical Analysis
NASDAQ:RAVE • US7541981095
Current stock price
RAVE Technical Rating and Analysis
Taking everything into account, RAVE scores 1 out of 10 in our technical rating. RAVE scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- When comparing the yearly performance of all stocks, RAVE is a bad performer in the overall market: 69% of all stocks are doing better.
- RAVE 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.
- In the last month RAVE has a been trading in the 2.30 - 2.81 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- RAVE is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, RAVE did better than 48% of them.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
RAVE Weekly and Daily overview Charts
RAVE Setup Rating and Analysis
The technical rating of RAVE is bad and it also does not present a quality setup 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
2.31
When analyzing the support we notice one important area.
- Support @2.33 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 3.18 to 3.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @3.40 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 | NEUTRAL | NEUTRAL | The short term trend for RAVE is neutral. |
| ChartMill Relative Strength | 31.28 | NEUTRAL | RAVE is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of RAVE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.03 | NEUTRAL | The RSI value for RAVE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.04 | POSITIVE | The MACD value suggests RAVE has a positive trend. |
| Stochastics (14,3) | 61.01 | NEUTRAL | The Stochastics value for RAVE is a neutral value. |
| Average True Range in percent/ATR (20) | 6.06 | HIGH VOLATILITY | The high ATR as a percentage value for RAVE suggests high volalility. |
| Average Directional Index/ADX (14) | 22.57 | NEUTRAL | The ADX value for RAVE suggests a possible start of a new trend. |
RAVE Chart- and CandleStick Pattern Analysis
RAVE Technicals: Chart, Performance Metrics, Trend & Indicators
2.78
+0.17 (+6.51%)
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 1 / 10 to RAVE.
What is the trend direction for RAVE stock?
The current trend direction for RAVE RESTAURANT GROUP INC (RAVE) is Bearish.
What is the RSI signal for RAVE stock?
RAVE RESTAURANT GROUP INC (RAVE) has an RSI value of 62.0328. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for RAVE RESTAURANT GROUP INC?
RAVE RESTAURANT GROUP INC (RAVE) has a support level at 2.33 and a resistance level at 3.18. Check the full technical report for our detailed analysis of RAVE support and resistance levels.