SHAKE SHACK INC - CLASS A (SHAK) Stock Technical Analysis
USA - NYSE:SHAK - US8190471016 - Common Stock
We assign a technical rating of 1 out of 10 to SHAK. SHAK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
SHAK has a bad technical rating, but it does show 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 94.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 93.45, a Stop Loss order could be placed below this zone.
More info and screens
79.31
3 important support areas can be observed.
- A support zone ranging from 92.16 to 93.45. 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 86.76 to 88.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @80.11 from a horizontal line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 94.73 to 94.81. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 96.51 to 97.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @138.76 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 | DOWN | NEGATIVE | The long term trend for SHAK is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHAK is neutral. |
| ChartMill Relative Strength | 15.04 | NEGATIVE | SHAK has a low relative strength, it was outperformed by 84.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SHAK is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SHAK is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.08 | NEUTRAL | The RSI value for SHAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.33 | POSITIVE | The MACD value suggests SHAK has a positive trend. |
| Stochastics (14,3) | 64.19 | NEUTRAL | The Stochastics value for SHAK is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 22.95 | NEUTRAL | The ADX value for SHAK suggests a possible start of a new trend. |
93.66
+1.31 (+1.42%)
SHAKE SHACK INC - CLASS A / SHAK FAQ
What is the ChartMill technical rating of SHAKE SHACK INC - CLASS A (SHAK) stock?
ChartMill assigns a technical rating of 1 / 10 to SHAK.
Can you provide the trend direction for SHAKE SHACK INC - CLASS A?
The current trend direction for SHAKE SHACK INC - CLASS A (SHAK) is Bearish.
What is the RSI signal for SHAK stock?
SHAKE SHACK INC - CLASS A (SHAK) has an RSI value of 50.0819. This indicates that the stock is currently neutral.
What is the MACD signal for SHAKE SHACK INC - CLASS A (SHAK) stock?
The MACD indicator for SHAKE SHACK INC - CLASS A (SHAK) has a value of 0.334129, indicating a bearish trend.
What is the short term momentum for SHAK stock?
The short term momentum for SHAKE SHACK INC - CLASS A (SHAK) is neutral.