RRGB Technical Analysis - RED ROBIN GOURMET BURGERS

Technical Rating and Analysis

We assign a technical rating of 10 out of 10 to RRGB. Both in the recent history as in the last year, RRGB has proven to be a steady performer, scoring decent points in every aspect analyzed.

Both the short term and long term trends are positive. This is a very positive sign.

Looking at the yearly performance, RRGB did better than 90% of all other stocks.

RRGB is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 87% of 134 stocks in the same industry.

RRGB is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so RRGB is lagging the market slightly.

In the last month RRGB has a been trading in the 5.98 - 7.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

RED ROBIN GOURMET BURGERS / RRGB Weekly stock chart

RED ROBIN GOURMET BURGERS / RRGB Daily stock chart

Setup Rating and Analysis

RRGB has an excellent technical rating, but the quality of the setup is 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

5.57

6.93

4 important support areas can be observed.

A support zone ranging from 6.76 to 6.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
A support zone ranging from 6.30 to 6.55. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A support zone ranging from 6.08 to 6.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @5.63 from a horizontal line in the daily time frame.

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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	UP	POSITIVE	The long term trend for RRGB is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for RRGB is up.
ChartMill Relative Strength	90.04	POSITIVE	RRGB has a high relative strength, it outperformed 90.04% off all stocks on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of RRGB is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of RRGB is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of RRGB is above the rising SMA(200).
Relative Strength Index/RSI (14)	53.03	NEUTRAL	The RSI value for RRGB is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.01	POSITIVE	The MACD value suggests RRGB has a positive trend, although the MACD value is declining.
Stochastics (14,3)	64.72	NEUTRAL	The Stochastics value for RRGB is a neutral value.
Average True Range in percent/ATR (20)	4.87	MEDIUM VOLATILITY	The ATR as a percentage value for RRGB suggests some volalility.
Average Directional Index/ADX (14)	26.64	POSITIVE	The high ADX value value for RRGB suggests a strong trend.