RED ROBIN GOURMET BURGERS (RRGB) Stock Technical Analysis
NASDAQ:RRGB - Nasdaq - US75689M1018 - Common Stock - Currency: USD
Taking everything into account, RRGB scores 8 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, RRGB is only an average performer.
Both the short term and long term trends are positive. This is a very positive sign.
In the last month RRGB has a been trading in the 2.88 - 7.05 range, which is quite wide. It is currently trading near the high of this range.
RRGB has an average volume of 1125930 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, RRGB turns out to be only a medium performer in the overall market: it outperformed 56% of all stocks.
RRGB is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, RRGB did better than 54% of them.
RRGB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RRGB is lagging the market.
Although RRGB has an excellent technical rating, it does not present a decent entry opportunity 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
3.17
6.70
When analyzing the support we notice one important area.
- Support @3.20 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 6.63 to 6.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 56.02 | NEUTRAL | RRGB is not amongst the best or worst performers 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) | 69.1 | NEUTRAL | The RSI value for RRGB is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests RRGB has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 83.13 | OVERBOUGHT | The high Stochastics value suggests RRGB may be overbought. |
| Average True Range in percent/ATR (20) | 9.28 | HIGH VOLATILITY | The high ATR as a percentage value for RRGB suggests high volalility. |
| Average Directional Index/ADX (14) | 41.98 | POSITIVE | The high ADX value value for RRGB suggests a strong 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)
6.02
-0.38 (-5.94%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-5.94%
1 Week0%
2 Weeks80.24%
1 Month96.09%
3 Month33.19%
6 Month18.04%
12 Month-22.42%
2 Year-56.47%
3 Year-25.03%
5 Year-40.98%
10 Year-92.99%
15 Year-64.92%
Volatility
ATR(14)0.72
ATR(20)%9.28%
ATR Inc-18.81%
Range Today0.62
ADR(20)0.5
ADR(20)%8.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS56.02
Mansfield1.59
10 Day High7.05
10 Day Low3.11
20 Day High7.05
20 Day Low2.88
52 Week High8.18
52 Week Low2.5
CS1 End3.2
CR1 Start6.63
Volume & EV
DER(3)-2.33%
DER(5)-0.66%
Volume882.80K
Volume Incr-53.54%
Vol(5)1.01M
Vol(50)1.13M