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 9 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 term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
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 part of the Hotels, Restaurants & Leisure industry. There are 132 other stocks in this industry. SHAK outperforms 90% of them.
SHAK is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SHAK is lagging the market slightly.
SHAK has an average volume of 1292210 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month SHAK has a been trading in the 123.17 - 144.65 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although SHAK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
79.31
143.46
We found 3 important support areas.
- A support zone ranging from 134.92 to 134.92. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @83.44 from a trend line in the weekly time frame.
- Support @80.11 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 137.76 to 139.33. 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 141.96 to 142.04. 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 SHAK is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHAK is neutral. |
| ChartMill Relative Strength | 93.21 | POSITIVE | SHAK has a high relative strength, it outperformed 93.21% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SHAK is below 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) | 51.65 | NEUTRAL | The RSI value for SHAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.32 | NEGATIVE | The MACD value suggests SHAK has a negative trend. |
| Stochastics (14,3) | 26.88 | NEUTRAL | The Stochastics value for SHAK is a neutral value. |
| Average True Range in percent/ATR (20) | 3.24 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 45.55 | 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)
134.93
-1.95 (-1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-1.42%
1 Week-5%
2 Weeks-4.48%
1 Month7.76%
3 Month62.14%
6 Month16.91%
12 Month59.76%
2 Year73.74%
3 Year162.2%
5 Year177.92%
10 Year98.28%
15 YearN/A
Volatility
ATR(14)3.61
ATR(20)%3.24%
ATR Inc11.84%
Range Today4.73
ADR(20)4.3
ADR(20)%3.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.21
Mansfield1.09
10 Day High144.65
10 Day Low132.41
20 Day High144.65
20 Day Low123.17
52 Week High144.65
52 Week Low72.93
CS1 End134.92
CR1 Start137.76
Volume & EV
DER(3)-3.06%
DER(5)-0.55%
Volume1.30M
Volume Incr-17.61%
Vol(5)971.19K
Vol(50)1.29M