SHAKE SHACK INC - CLASS A (SHAK) Stock Technical Analysis
NYSE:SHAK - New York Stock Exchange, Inc. - US8190471016 - Common Stock - Currency: USD
We assign a technical rating of 8 out of 10 to SHAK. In the last year, SHAK was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
Both the short term and long term trends are positive. This is a very positive sign.
SHAK is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry. SHAK outperforms 76% of them.
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.
In the last month SHAK has a been trading in the 84.01 - 126.58 range, which is quite wide. It is currently trading near the high of this range.
SHAK has an average volume of 1526720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Looking at the yearly performance, SHAK did better than 86% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although SHAK has an excellent technical rating, it does not present a decent entry opportunity at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
79.31
127.61
We found 4 important support areas.
- A support zone ranging from 117.62 to 119.40. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @114.12 from a horizontal line in the daily time frame.
- Support @101.15 from a trend line in the daily time frame.
- A support zone ranging from 80.11 to 81.16. This zone is formed by a combination of multiple trend lines 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 | 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 | 86.13 | POSITIVE | SHAK has a high relative strength, it outperformed 86.13% 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) | 78.13 | OVERBOUGHT | The high RSI value suggests SHAK may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.05 | POSITIVE | The MACD value suggests SHAK has a positive trend. |
| Stochastics (14,3) | 94.89 | OVERBOUGHT | The high Stochastics value suggests SHAK may be overbought. |
| Average True Range in percent/ATR (20) | 3.69 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 39.84 | 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)
126.35
+8.73 (+7.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg7.42%
1 Week7.66%
2 Weeks11.8%
1 Month40.91%
3 Month16.34%
6 Month-5.52%
12 Month33.15%
2 Year90.95%
3 Year159.71%
5 Year127.45%
10 Year52.58%
15 YearN/A
Volatility
ATR(14)4.21
ATR(20)%3.69%
ATR Inc67.74%
Range Today7.09
ADR(20)4.13
ADR(20)%3.27%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.13
Mansfield1.51
10 Day High126.58
10 Day Low112.26
20 Day High126.58
20 Day Low84.01
52 Week High139.89
52 Week Low72.93
CS1 End114.12
CR1 Start118.29
Volume & EV
DER(3)0.89%
DER(5)1.29%
Volume2.22M
Volume Incr-16.93%
Vol(5)1.44M
Vol(50)1.53M