TEXAS ROADHOUSE INC (TXRH) Technical Analysis
NASDAQ:TXRH • US8826811098
We assign a technical rating of 2 out of 10 to TXRH. TXRH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- In the last month TXRH has a been trading in the 164.71 - 190.66 range, which is quite wide. It is currently trading near the lows of this range.
- The long term trend is neutral, but the short term trend is negative. Better to stay away from this!
- 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 42% of all stocks.
- TXRH is an average performer in the Hotels, Restaurants & Leisure industry, it outperforms 62% of 126 stocks in the same industry.
- 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 a poor technical rating and the quality of the setup is also not perfect 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
156.65
We found 2 important support areas.
- 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.
- Support @158.23 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 177.33 to 178.34. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 182.11 to 183.99. 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 193.03 to 195.21. 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 | NEUTRAL | NEUTRAL | The long term trend for TXRH is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for TXRH is down. |
| ChartMill Relative Strength | 42.82 | 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 | MIXED | The current price of TXRH is below the rising 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) | 35.21 | NEUTRAL | The RSI value for TXRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.12 | NEGATIVE | The MACD value suggests TXRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.66 | NEUTRAL | The Stochastics value for TXRH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.08 | MEDIUM VOLATILITY | The ATR as a percentage value for TXRH suggests some volalility. |
| Average Directional Index/ADX (14) | 20.47 | NEUTRAL | The ADX value for TXRH suggests a possible start of a new trend. |
TXRH Technicals: Chart, Performance Metrics, Trend & Indicators
170.24
+0.8 (+0.47%)
TEXAS ROADHOUSE INC / TXRH FAQ
What is the ChartMill technical rating of TEXAS ROADHOUSE INC (TXRH) stock?
ChartMill assigns a technical rating of 2 / 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 TEXAS ROADHOUSE INC (TXRH) stock?
TEXAS ROADHOUSE INC (TXRH) has an RSI value of 35.2113. 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 163.33 and a resistance level at 177.33. Check the full technical report for our detailed analysis of TXRH support and resistance levels.