We assign a technical rating of 7 out of 10 to TXRH. In the last year, TXRH was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although TXRH has an excellent technical rating, it 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.
156.65
When analyzing the support we can see 5 important areas.
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 TXRH is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TXRH is up. |
| ChartMill Relative Strength | 55.27 | NEUTRAL | TXRH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TXRH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TXRH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of TXRH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 66.58 | NEUTRAL | The RSI value for TXRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.42 | POSITIVE | The MACD value suggests TXRH has a positive trend. |
| Stochastics (14,3) | 90.87 | OVERBOUGHT | The high Stochastics value suggests TXRH may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for TXRH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.97 | NEGATIVE | The low ADX value for TXRH suggests a weak or negative trend. |
183.15
+2.58 (+1.43%)
ChartMill assigns a technical rating of 7 / 10 to TXRH.
The current trend direction for TEXAS ROADHOUSE INC (TXRH) is Bearish.
TEXAS ROADHOUSE INC (TXRH) has an RSI value of 66.5823. This indicates that the stock is currently neutral.
TEXAS ROADHOUSE INC (TXRH) has a support level at 182.83. Check the full technical report for our detailed analysis of TXRH support and resistance levels.