Taking everything into account, RRGB scores 0 out of 10 in our technical rating. RRGB scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, RRGB is a bad performer in the overall market: 90% of all stocks are doing better.
- RRGB is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 77% of 132 stocks in the same industry do better.
- RRGB 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 RRGB has a been trading in the 3.70 - 4.37 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of RRGB 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
3.68
When analyzing the support we notice one important area.
- A support zone ranging from 3.72 to 3.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 4 important resistance areas.
- A resistance zone ranging from 4.18 to 4.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 4.37 to 4.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.79 from a trend line in the weekly time frame.
- Resistance @7.44 from a horizontal line in the daily 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 | DOWN | NEGATIVE | The long term trend for RRGB is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for RRGB is down. |
| ChartMill Relative Strength | 10.46 | NEGATIVE | RRGB has a low relative strength, it was outperformed by 89.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of RRGB is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of RRGB is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of RRGB is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 34.87 | NEUTRAL | The RSI value for RRGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests RRGB has a negative trend. |
| Stochastics (14,3) | 11.29 | OVERSOLD | The low Stochastics value suggests RRGB may be oversold. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for RRGB suggests some volalility. |
| Average Directional Index/ADX (14) | 15.35 | NEGATIVE | The low ADX value for RRGB suggests a weak or negative trend. |
3.73
-0.07 (-1.84%)
RED ROBIN GOURMET BURGERS / RRGB FAQ
What is the technical rating for RRGB stock?
ChartMill assigns a technical rating of 0 / 10 to RRGB.
Can you provide the trend direction for RED ROBIN GOURMET BURGERS?
The current trend direction for RED ROBIN GOURMET BURGERS (RRGB) is Bearish.
What is the RSI signal for RED ROBIN GOURMET BURGERS (RRGB) stock?
RED ROBIN GOURMET BURGERS (RRGB) has an RSI value of 34.8737. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for RED ROBIN GOURMET BURGERS?
The buy/sell signal for RED ROBIN GOURMET BURGERS (RRGB) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for RED ROBIN GOURMET BURGERS?
RED ROBIN GOURMET BURGERS (RRGB) has a support level at 3.72 and a resistance level at 4.18. Check the full technical report for our detailed analysis of RRGB support and resistance levels.