TEXAS ROADHOUSE INC (TXRH) Stock Technical Analysis
NASDAQ:TXRH • US8826811098
Taking everything into account, TXRH scores 6 out of 10 in our technical rating. In the last year, TXRH was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
- In the last month TXRH has a been trading in the 178.16 - 197.00 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
- TXRH is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 75% of 131 stocks in the same industry.
- When compared to the yearly performance of all other stocks, TXRH outperforms 59% of them, which is more or less in line with the market.
- TXRH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so TXRH is lagging the market.
TXRH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 180.11, 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.
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156.65
We found 4 important support areas.
- A support zone ranging from 177.33 to 180.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @170.34 from a trend line in the daily time frame.
- A support zone ranging from 161.81 to 163.33. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 158.23 to 158.23. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 193.76 to 195.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @199.80 from a horizontal line in the daily time frame.
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 TXRH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TXRH is neutral. |
| ChartMill Relative Strength | 59.35 | NEUTRAL | TXRH is not amongst the best or worst performers 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) | 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) | 45.93 | NEUTRAL | The RSI value for TXRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.08 | NEGATIVE | The MACD value suggests TXRH has a negative trend. |
| Stochastics (14,3) | 27.63 | NEUTRAL | The Stochastics value for TXRH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for TXRH suggests some volalility. |
| Average Directional Index/ADX (14) | 16.77 | NEGATIVE | The low ADX value for TXRH suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 184.59 | 178.34 | 6.25 (3.39%) | 25.00% |
| An entry @184.59. This is a Buy Stop order right above the 10 day moving average. | An exit @178.34. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 6.25 points, which is 3.39%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TXRH. Please evaluate whether better entry and exit points can be found.
- 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.
180.9
-1.02 (-0.56%)
TEXAS ROADHOUSE INC / TXRH FAQ
What is the ChartMill technical rating of TEXAS ROADHOUSE INC (TXRH) stock?
ChartMill assigns a technical rating of 6 / 10 to TXRH.
What is the trend direction for TXRH stock?
The current trend direction for TEXAS ROADHOUSE INC (TXRH) is Bullish.
What is the RSI signal for TEXAS ROADHOUSE INC (TXRH) stock?
TEXAS ROADHOUSE INC (TXRH) has an RSI value of 45.9308. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for TEXAS ROADHOUSE INC?
TEXAS ROADHOUSE INC (TXRH) has a support level at 180.11 and a resistance level at 193.76. Check the full technical report for our detailed analysis of TXRH support and resistance levels.