CARROLS RESTAURANT GROUP INC (TAST) Technical Analysis
NASDAQ:TAST • US14574X1046
Current stock price
TAST Technical Rating and Analysis
Taking everything into account, TAST scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, TAST has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- When comparing the yearly performance of all stocks, we notice that TAST is one of the better performing stocks in the market, outperforming 92% of all stocks. On top of that, TAST also shows a nice and consistent pattern of rising prices.
- TAST is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 98% of 126 stocks in the same industry.
- TAST is currently making a new 52 week high. This is a strong signal. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so TAST is leading the market.
- In the last month TAST has a been trading in a tight range between 9.50 and 9.56.
- Volume is considerably higher in the last couple of days.
TAST Weekly and Daily overview Charts
TAST Setup Rating and Analysis
TAST has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.55. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.53, 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
TAST Support and Resistance Analysis
8.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.37 to 9.53. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.58 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.55 to 9.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
TAST 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 | UP | POSITIVE | The long term trend for TAST is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TAST is up. |
| ChartMill Relative Strength | 92.96 | POSITIVE | TAST has a high relative strength, it outperformed 92.96% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TAST is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TAST is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TAST is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.55 | NEUTRAL | The RSI value for TAST is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests TAST has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.67 | NEUTRAL | The Stochastics value for TAST is a neutral value. |
| Average True Range in percent/ATR (20) | 0.18 | LOW VOLATILITY | The low ATR as a percentage value for TAST suggests low volalility. |
| Average Directional Index/ADX (14) | 56.57 | POSITIVE | The high ADX value value for TAST suggests a strong trend. |
TAST Chart- and CandleStick Pattern Analysis
TAST Example Setup
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 |
|---|---|---|---|
| 9.57 | 9.50 | 0.07 (0.73%) | 25.00% |
| An entry @9.57. This is a Buy Stop order right above the resistance zone. | An exit @9.50. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.07 points, which is 0.73%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- 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.
TAST Technicals: Chart, Performance Metrics, Trend & Indicators
9.54
-0.01 (-0.1%)
CARROLS RESTAURANT GROUP INC / TAST TA FAQ
What is the technical rating for TAST stock?
ChartMill assigns a technical rating of 10 / 10 to TAST.
What is the current trend direction of CARROLS RESTAURANT GROUP INC (TAST) stock?
The current trend direction for CARROLS RESTAURANT GROUP INC (TAST) is Bullish.
What is the RSI signal for TAST stock?
CARROLS RESTAURANT GROUP INC (TAST) has an RSI value of 65.5488. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for CARROLS RESTAURANT GROUP INC?
The buy/sell signal for CARROLS RESTAURANT GROUP INC (TAST) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for CARROLS RESTAURANT GROUP INC?
CARROLS RESTAURANT GROUP INC (TAST) has a support level at 9.53 and a resistance level at 9.55. Check the full technical report for our detailed analysis of TAST support and resistance levels.