RUTH'S HOSPITALITY GROUP INC (RUTH) Technical Analysis
NASDAQ:RUTH • US7833321091
Current stock price
RUTH Technical Rating and Analysis
We assign a technical rating of 9 out of 10 to RUTH. Both in the recent history as in the last year, RUTH has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- RUTH is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 95% of 126 stocks in the same industry.
- RUTH is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
- RUTH has an average volume of 1325330 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- Looking at the yearly performance, RUTH did better than 90% of all other stocks. However, this overall good ranking is mostly due to the recent strong move.
- In the last month RUTH has a been trading in a tight range between 21.37 and 21.50.
RUTH Weekly and Daily overview Charts
RUTH Setup Rating and Analysis
Besides having an excellent technical rating, RUTH also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 21.50. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 21.48, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RUTH in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
RUTH Support and Resistance Analysis
14.79
We found 2 important support areas.
- A support zone ranging from 21.41 to 21.48. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @14.94 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 21.50 to 21.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
RUTH 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 RUTH is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RUTH is up. |
| ChartMill Relative Strength | 90.6 | POSITIVE | RUTH has a high relative strength, it outperformed 90.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RUTH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RUTH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RUTH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 78.57 | OVERBOUGHT | The high RSI value suggests RUTH may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.16 | NEGATIVE | The MACD value suggests RUTH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 81.48 | OVERBOUGHT | The high Stochastics value suggests RUTH may be overbought. |
| Average True Range in percent/ATR (20) | 0.16 | LOW VOLATILITY | The low ATR as a percentage value for RUTH suggests low volalility. |
| Average Directional Index/ADX (14) | 56.31 | POSITIVE | The high ADX value value for RUTH suggests a strong trend. |
RUTH Chart- and CandleStick Pattern Analysis
RUTH Example Setup
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 21.51 | 21.42 | 0.09 (0.42%) | 25.00% |
| An entry @21.51. This is a Buy Stop order right above the resistance zone. | An exit @21.42. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.09 points, which is 0.42%. | For a 0.10% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
RUTH Technicals: Chart, Performance Metrics, Trend & Indicators
21.49
+0.01 (+0.05%)
RUTH'S HOSPITALITY GROUP INC / RUTH TA FAQ
What is the technical rating for RUTH stock?
ChartMill assigns a technical rating of 8 / 10 to RUTH.
Can you provide the trend direction for RUTH'S HOSPITALITY GROUP INC?
The current trend direction for RUTH'S HOSPITALITY GROUP INC (RUTH) is Bullish.
What is the RSI signal for RUTH'S HOSPITALITY GROUP INC (RUTH) stock?
RUTH'S HOSPITALITY GROUP INC (RUTH) has an RSI value of 78.5654. This indicates that the stock is currently overbought.
What is the short term momentum for RUTH'S HOSPITALITY GROUP INC (RUTH) stock?
The short term momentum for RUTH'S HOSPITALITY GROUP INC (RUTH) is positive.
Can you provide the support and resistance levels for RUTH'S HOSPITALITY GROUP INC?
RUTH'S HOSPITALITY GROUP INC (RUTH) has a support level at 21.48 and a resistance level at 21.5. Check the full technical report for our detailed analysis of RUTH support and resistance levels.