SHAKE SHACK INC - CLASS A (SHAK) Technical Analysis
NYSE:SHAK • US8190471016
Current stock price
SHAK Technical Rating and Analysis
Taking everything into account, SHAK 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, SHAK 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 SHAK has a been trading in the 79.91 - 106.84 range, which is quite wide. It is currently trading near the high of this range.
- SHAK has an average volume of 1330460 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, SHAK turns out to be only a medium performer in the overall market: it outperformed 60% of all stocks.
- SHAK is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, SHAK did better than 66% of them.
- SHAK is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SHAK is lagging the market.
SHAK Weekly and Daily overview Charts
SHAK Setup Rating and Analysis
Besides having an excellent technical rating, SHAK also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
SHAK Support and Resistance Analysis
79.15
We found 5 important support areas.
- A support zone ranging from 99.75 to 101.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.34 to 94.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @86.76 from a horizontal line in the daily time frame.
- A support zone ranging from 82.14 to 82.24. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 79.95 to 80.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 103.73 to 104.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @138.76 from a horizontal line in the weekly time frame.
SHAK 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 SHAK is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHAK is up. |
| ChartMill Relative Strength | 60.39 | NEUTRAL | SHAK is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SHAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SHAK is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.33 | NEUTRAL | The RSI value for SHAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.05 | POSITIVE | The MACD value suggests SHAK has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.78 | OVERBOUGHT | The high Stochastics value suggests SHAK may be overbought. |
| Average True Range in percent/ATR (20) | 4.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 17.94 | NEGATIVE | The low ADX value for SHAK suggests a weak or negative trend. |
SHAK Chart- and CandleStick Pattern Analysis
SHAK Technicals: Chart, Performance Metrics, Trend & Indicators
101.78
-2.91 (-2.78%)
SHAKE SHACK INC - CLASS A / SHAK TA FAQ
What is the ChartMill technical rating of SHAKE SHACK INC - CLASS A (SHAK) stock?
ChartMill assigns a technical rating of 8 / 10 to SHAK.
What is the current trend direction of SHAKE SHACK INC - CLASS A (SHAK) stock?
The current trend direction for SHAKE SHACK INC - CLASS A (SHAK) is Bullish.
What is the RSI signal for SHAKE SHACK INC - CLASS A (SHAK) stock?
SHAKE SHACK INC - CLASS A (SHAK) has an RSI value of 60.3311. 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 1.0537, indicating a bullish trend.
Can you provide the support and resistance levels for SHAKE SHACK INC - CLASS A?
SHAKE SHACK INC - CLASS A (SHAK) has a support level at 101.77 and a resistance level at 103.73. Check the full technical report for our detailed analysis of SHAK support and resistance levels.