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 6 out of 10 in our technical rating. SHAK has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month SHAK has a been trading in the 79.91 - 100.81 range, which is quite wide. It is currently trading near the high of this range.
- SHAK has an average volume of 1369320 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When compared to the yearly performance of all other stocks, SHAK outperforms 62% of them, which is more or less in line with the market.
- SHAK is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 68% of 126 stocks in the same industry.
- 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.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
SHAK Weekly and Daily overview Charts
SHAK Setup Rating and Analysis
SHAK has an average technical rating and it also does not offer a high quality setup 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
SHAK Support and Resistance Analysis
79.15
When analyzing the support we can see 4 important areas.
- A support zone ranging from 89.94 to 92.03. 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.
- Support @81.84 from a trend line in the daily time frame.
- 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 3 important resistance areas.
- A resistance zone ranging from 98.64 to 99.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 100.77 to 100.77. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for SHAK is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SHAK is up. |
| ChartMill Relative Strength | 62.33 | 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 | NEGATIVE | The current price of SHAK is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.2 | NEUTRAL | The RSI value for SHAK is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.42 | POSITIVE | The MACD value suggests SHAK has a positive trend. |
| Stochastics (14,3) | 87.41 | OVERBOUGHT | The high Stochastics value suggests SHAK may be overbought. |
| Average True Range in percent/ATR (20) | 4.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SHAK suggests some volalility. |
| Average Directional Index/ADX (14) | 12.48 | 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
98.61
+1.06 (+1.09%)
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 6 / 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 Bearish.
What is the RSI signal for SHAKE SHACK INC - CLASS A (SHAK) stock?
SHAKE SHACK INC - CLASS A (SHAK) has an RSI value of 62.2022. 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 1.42166, 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 92.03 and a resistance level at 98.64. Check the full technical report for our detailed analysis of SHAK support and resistance levels.