SHAKE SHACK INC - CLASS A (SHAK) Stock Technical Analysis
NYSE:SHAK - New York Stock Exchange, Inc. - US8190471016 - Common Stock - Currency: USD
Overall SHAK gets a technical rating of 10 out of 10. Both in the recent history as in the last year, SHAK 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!
When comparing the yearly performance of all stocks, we notice that SHAK is one of the better performing stocks in the market, outperforming 93% of all stocks.
SHAK is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 93% of 134 stocks in the same industry.
SHAK is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so SHAK is performing more or less in line with the market.
SHAK is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
SHAK has an average volume of 1482070 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Besides having an excellent technical rating, SHAK also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 128.71. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 127.19, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
79.31
134.71
3 important support areas can be observed.
- A support zone ranging from 123.71 to 127.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @82.14 from a trend line in the weekly time frame.
- Support @80.11 from a horizontal line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 128.71 to 128.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @133.38 from a horizontal line in the daily 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 | 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 | 93.34 | POSITIVE | SHAK has a high relative strength, it outperformed 93.34% 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) | UP | POSITIVE | The current price of SHAK is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SHAK is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 62.97 | NEUTRAL | The RSI value for SHAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.16 | NEGATIVE | The MACD value suggests SHAK has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.29 | NEUTRAL | The Stochastics value for SHAK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 41.97 | POSITIVE | The high ADX value value for SHAK 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)
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 |
|---|---|---|---|
| 128.81 | 123.70 | 5.11 (3.97%) | 25.00% |
| An entry @128.81. This is a Buy Stop order right above the resistance zone. | An exit @123.70. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.11 points, which is 3.97%. | For a 0.99% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SHAK. Please evaluate whether better entry and exit points can be found.
- 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.
128.52
+3.31 (+2.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg2.64%
1 Week0.67%
2 Weeks1.24%
1 Month9.63%
3 Month41.7%
6 Month-0.27%
12 Month44.39%
2 Year65.36%
3 Year225.53%
5 Year142.58%
10 Year113.24%
15 YearN/A
Volatility
ATR(14)4.22
ATR(20)%3.36%
ATR Inc13.67%
Range Today5.93
ADR(20)3.93
ADR(20)%3.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.34
Mansfield1.42
10 Day High131.38
10 Day Low123.17
20 Day High131.38
20 Day Low113.58
52 Week High139.89
52 Week Low72.93
CS1 End127.19
CR1 Start128.71
Volume & EV
DER(3)1.42%
DER(5)0.89%
Volume1.57M
Volume Incr-14.45%
Vol(5)1.15M
Vol(50)1.48M