CARROLS RESTAURANT GROUP INC (TAST) Technical Analysis
NASDAQ:TAST • US14574X1046
Current stock price
TAST Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to TAST. 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.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, TAST did better than 92% of all other stocks. We also observe that the gains produced by TAST over the past year are nicely spread over this period.
- TAST is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry. TAST outperforms 97% of them.
- A new 52 week high is currently being made by TAST, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
- 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 trade has a worst case loss of 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 CARROLS RESTAURANT GROUP INC (TAST) stock?
CARROLS RESTAURANT GROUP INC (TAST) has an RSI value of 65.5488. This indicates that the stock is currently neutral.
What is the short term momentum for CARROLS RESTAURANT GROUP INC (TAST) stock?
The short term momentum for CARROLS RESTAURANT GROUP INC (TAST) is positive.
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.