TEXAS ROADHOUSE INC (TXRH) Stock Technical Analysis
NASDAQ:TXRH - Nasdaq - US8826811098 - Common Stock - Currency: USD
Overall TXRH gets a technical rating of 6 out of 10. 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 181.21 - 199.99 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
TXRH has an average volume of 1122910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, TXRH turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
TXRH is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, TXRH did better than 62% of them.
TXRH is currently trading in the middle 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 slightly.
TXRH has an average technical rating and it also 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.
More info and screens
158.25
207.33
When analyzing the support we can see 4 important areas.
- A support zone ranging from 181.63 to 182.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 177.73 to 178.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @168.64 from a trend line in the weekly time frame.
- Support @159.85 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @200.59 from a horizontal line in the daily time frame.
- A resistance zone ranging from 205.27 to 205.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 66.57 | 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) | 42.16 | NEUTRAL | The RSI value for TXRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -2.15 | NEGATIVE | The MACD value suggests TXRH has a negative trend. |
| Stochastics (14,3) | 7.68 | OVERSOLD | The low Stochastics value suggests TXRH may be oversold. |
| Average True Range in percent/ATR (20) | 2.27 | MEDIUM VOLATILITY | The ATR as a percentage value for TXRH suggests some volalility. |
| Average Directional Index/ADX (14) | 25.61 | POSITIVE | The high ADX value value for TXRH suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
182.29
-4.35 (-2.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-2.33%
1 Week-6.61%
2 Weeks-6.62%
1 Month-3.76%
3 Month5.68%
6 Month-2.45%
12 Month8.88%
2 Year62.35%
3 Year149.03%
5 Year246.76%
10 Year387.02%
15 Year1344.45%
Volatility
ATR(14)4.22
ATR(20)%2.27%
ATR Inc-6.07%
Range Today4.88
ADR(20)3.99
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.57
Mansfield-0.14
10 Day High196.77
10 Day Low181.21
20 Day High199.99
20 Day Low181.21
52 Week High206.04
52 Week Low148.73
CS1 End182.28
CR1 Start200.59
Volume & EV
DER(3)3.31%
DER(5)2.27%
Volume858.80K
Volume Incr-25.39%
Vol(5)782.84K
Vol(50)1.12M