TEXAS ROADHOUSE INC (TXRH) Technical Analysis
NASDAQ:TXRH • US8826811098
Current stock price
TXRH Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to TXRH. TXRH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- 75% of all other stocks performed better in the past year than TXRH.
- TXRH is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TXRH is lagging the market.
- TXRH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- TXRH has an average volume of 1003440 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- TXRH is part of the Hotels, Restaurants & Leisure industry. There are 126 other stocks in this industry, TXRH did better than 47% of them.
TXRH Weekly and Daily overview Charts
TXRH Setup Rating and Analysis
Although the technical rating is bad, TXRH does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 162.29, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for TXRH in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
TXRH Support and Resistance Analysis
156.65
When analyzing the support we notice one important area.
- A support zone ranging from 158.23 to 162.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 163.29 to 164.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 171.45 to 173.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 176.78 to 177.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 191.13 to 195.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
TXRH 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 TXRH is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TXRH is down. |
| ChartMill Relative Strength | 25.74 | NEGATIVE | TXRH has a low relative strength, it was outperformed by 74.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TXRH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TXRH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TXRH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 38.04 | NEUTRAL | The RSI value for TXRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.17 | NEGATIVE | The MACD value suggests TXRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 29.9 | NEUTRAL | The Stochastics value for TXRH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for TXRH suggests some volalility. |
| Average Directional Index/ADX (14) | 28.09 | POSITIVE | The high ADX value value for TXRH suggests a strong trend. |
TXRH Chart- and CandleStick Pattern Analysis
TXRH Technicals: Chart, Performance Metrics, Trend & Indicators
163.28
+0.3 (+0.18%)
TEXAS ROADHOUSE INC / TXRH TA FAQ
What is the ChartMill technical rating of TEXAS ROADHOUSE INC (TXRH) stock?
ChartMill assigns a technical rating of 0 / 10 to TXRH.
What is the trend direction for TXRH stock?
The current trend direction for TEXAS ROADHOUSE INC (TXRH) is Bearish.
What is the RSI signal for TXRH stock?
TEXAS ROADHOUSE INC (TXRH) has an RSI value of 38.0439. This indicates that the stock is currently neutral.
Can you provide the MACD signal for TEXAS ROADHOUSE INC?
The MACD indicator for TEXAS ROADHOUSE INC (TXRH) has a value of -0.174138, indicating a bearish trend.
What is the short term momentum for TEXAS ROADHOUSE INC (TXRH) stock?
The short term momentum for TEXAS ROADHOUSE INC (TXRH) is negative.