SHAK Technical Analysis - SHAKE SHACK INC - CLASS A

Technical Rating and Analysis

Taking everything into account, SHAK scores 0 out of 10 in our technical rating. SHAK scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.

84% of all other stocks performed better in the past year than SHAK.

SHAK is part of the Hotels, Restaurants & Leisure industry. There are 134 other stocks in this industry, of which 61% are performing better than SHAK.

SHAK has an average volume of 1388240 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

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.

In the last month SHAK has a been trading in the 95.74 - 107.49 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SHAKE SHACK INC - CLASS A / SHAK Weekly stock chart

SHAKE SHACK INC - CLASS A / SHAK Daily stock chart

Setup Rating and Analysis

SHAK has a poor technical rating and the quality of the setup is also not perfect at the moment. Prices have been consolidating lately.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

79.31

140.15

3 important support areas can be observed.

Support @100.18 from a horizontal line in the weekly time frame.
Support @97.48 from a horizontal line in the daily time frame.
Support @80.11 from a horizontal line in the weekly time frame.

When analyzing the resistance we notice 3 important areas.

A resistance zone ranging from 100.78 to 103.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @106.76 from a horizontal line in the daily time frame.
A resistance zone ranging from 138.76 to 138.76. This zone is formed by a combination of multiple trend lines in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

Support and Resistance Screener and Trading Strategies

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	DOWN	NEGATIVE	The long term trend for SHAK is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for SHAK is down.
ChartMill Relative Strength	16.43	NEGATIVE	SHAK has a low relative strength, it was outperformed by 83.57% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of SHAK is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of SHAK is below a declining 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)	39.69	NEUTRAL	The RSI value for SHAK is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.61	POSITIVE	The MACD value suggests SHAK has a positive trend.
Stochastics (14,3)	42.58	NEUTRAL	The Stochastics value for SHAK is a neutral value.
Average True Range in percent/ATR (20)	3.03	MEDIUM VOLATILITY	The ATR as a percentage value for SHAK suggests some volalility.
Average Directional Index/ADX (14)	35.56	POSITIVE	The high ADX value value for SHAK suggests a strong trend.