RUTH'S HOSPITALITY GROUP INC (RUTH) Stock Technical Analysis
USA - NASDAQ:RUTH - US7833321091 - Common Stock
Taking everything into account, RUTH scores 9 out of 10 in our technical rating. 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.
Besides having an excellent technical rating, RUTH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. 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. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
14.79
When analyzing the support we can see 2 important 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.
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. |
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 trade has a worst case loss of 0.09 points, which is 0.42%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.10%. |
- 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.
21.49
+0.01 (+0.05%)
RUTH'S HOSPITALITY GROUP INC / RUTH FAQ
What is the technical rating for RUTH stock?
ChartMill assigns a technical rating of 8 / 10 to RUTH.
What is the current trend direction of RUTH'S HOSPITALITY GROUP INC (RUTH) stock?
The current trend direction for RUTH'S HOSPITALITY GROUP INC (RUTH) is Bullish.
What is the RSI signal for 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 buy/sell signal for RUTH stock?
The buy/sell signal for RUTH'S HOSPITALITY GROUP INC (RUTH) is buy as both the short term and long term trends are positive.
What is the support and resistance level for RUTH stock?
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.