RED ROBIN GOURMET BURGERS (RRGB) Stock Technical Analysis
NASDAQ:RRGB - US75689M1018 - Common Stock
6.5 USD
+0.02 (+0.31%)
6.5 USD
0 (0%)
We assign a technical rating of 10 out of 10 to RRGB. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RRGB is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, RRGB did better than 92% of all other stocks.
RRGB is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 91% of 131 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 5.40 - 7.44 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
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.
More info and screens
5.47
6.87
5 important support areas can be observed.
- Support @6.34 from a trend line in the daily time frame.
- A support zone ranging from 6.12 to 6.14. 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 5.83 to 5.83. 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.
- Support @5.53 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- Resistance @6.65 from a trend line in the weekly time frame.
- Resistance @6.80 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 RRGB is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RRGB is up. |
| ChartMill Relative Strength | 92.97 | POSITIVE | RRGB has a high relative strength, it outperformed 92.97% 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) | 55.37 | NEUTRAL | The RSI value for RRGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests RRGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.71 | NEUTRAL | The Stochastics value for RRGB is a neutral value. |
| Average True Range in percent/ATR (20) | 6.5 | HIGH VOLATILITY | The high ATR as a percentage value for RRGB suggests high volalility. |
| Average Directional Index/ADX (14) | 22.8 | NEUTRAL | The ADX value for RRGB 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)
6.5
+0.02 (+0.31%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0.31%
1 Week5.69%
2 Weeks6.91%
1 Month11.88%
3 Month27.45%
6 Month15.45%
12 Month85.71%
2 Year-37.32%
3 Year-12.52%
5 Year-41.44%
10 Year-91.75%
15 Year-64.92%
Volatility
ATR(14)0.49
ATR(20)%6.5%
ATR Inc-49.37%
Range Today0.25
ADR(20)0.4
ADR(20)%6.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS92.97
Mansfield1.91
10 Day High7.44
10 Day Low6
20 Day High7.44
20 Day Low5.4
52 Week High7.89
52 Week Low2.5
CS1 End6.34
CR1 Start6.65
Volume & EV
DER(3)-2.07%
DER(5)-1.18%
Volume201.10K
Volume Incr30.19%
Vol(5)413.48K
Vol(50)336.26K