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Cracker Barrel Old Country Store Stock Forecast NASDAQ:CBRL

$121.30 (-1.09%)

Volume: 374k

Closed: Dec 03, 2021

Hollow Logo Score: -1.337

Cracker Barrel Old Country Store Stock Forecast

$121.30 (-1.09%)

Volume: 374k

Closed: Dec 03, 2021

Score Hollow Logo -1.337
Which way will CBRL go? Request
Key Stats
P/E Ratio 24.34
Beta 1.01
Trailing Dividend Rate 1.89% ($2.29)
Next Dividend Date Jan 13, 2022
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] The Cracker Barrel Old Country Store stock currently holds an RSI14 at 20 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.

Red day on Friday for Cracker Barrel Old Country Store
(Updated on Dec 03, 2021)


Sell candidate since 2021-11-23 Loss -7.01%

The Cracker Barrel Old Country Store stock price fell by -1.09% on the last day (Friday, 3rd Dec 2021) from $122.64 to $121.30. During the day the stock fluctuated 2.77% from a day low at $120.89 to a day high of $124.24. The price has fallen in 7 of the last 10 days and is down by -14.92% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -116 thousand shares and in total, 374 thousand shares were bought and sold for approximately $45.39 million.

The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $119.15 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -4.95% during the next 3 months and, with a 90% probability hold a price between $113.26 and $139.16 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, December 01, 2021, and so far it has risen 1.59%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cracker Barrel Old Country Store stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $124.33 and $135.40. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss

Cracker Barrel Old Country Store finds support from accumulated volume at $119.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved $3.35 between high and low, or 2.77%. For the last week, the stock has had a daily average volatility of 4.27%.

Cracker Barrel Old Country Store is oversold on RSI14 (20). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold an negative evaluation for this stock. No stop-loss is set.

Is Cracker Barrel Old Country Store stock A Buy?

Cracker Barrel Old Country Store holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -1.337

Predicted Opening Price for Cracker Barrel Old Country Store of Monday, December 6, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 6, 2021 Current price
$122.14 $121.30 (Undervalued)
Sell Candidate Unchanged

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Analyst Ratings

On Dec 02, 2021 "Benchmark" gave "" rating for CBRL. The price target was set to $122.68+2.7%.

Volatility and Risk
Daily Average Volatility: 4.27 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.27 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $124.44
Price: $121.30
Support: $119.40

CBRL Insider Trading Show all Trades

INSIDER POWER

2.360

Last 100 transactions
Buy: 156 278 | Sell: 66 222 (Shares)
Date Action Amount Person Type
Nov 18, 2021 Buy 841 Wade Darryl L Common Stock
Nov 18, 2021 Buy 841 Weiss Andrea Common Stock
Nov 18, 2021 Buy 841 Barr Thomas H Common Stock
Nov 18, 2021 Buy 841 Crofton Meg Common Stock
Nov 18, 2021 Buy 841 Davila Gilbert Raymond Common Stock
Show all Insider Trades
INSIDER POWER

2.360

Last 100 transactions
Buy: 156 278 | Sell: 66 222 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 125.49 3.46 %
124.21 2.40 %
123.42 1.75 %
Current price: 121.30
Support 120.86 -0.36 %
120.07 -1.01 %
118.79 -2.07 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 135.16 11.43 %
130.45 7.54 %
124.44 2.59 %
Current price 121.30
Support 119.40 -1.57%
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About Cracker Barrel Old Country Store

Cracker Barrel Old Country Store Cracker Barrel Old Country Store, Inc. develops and operates the Cracker Barrel Old Country Store concept in the United States. The company’s Cracker Barrel stores consist of a restaurant with a gift shop. Its restaurants serve breakfast, lunch, and dinner. The company’s gift shops offer various decorative and functional items, such as rocking chairs, holiday and seasonal gifts, toys, apparels, music CDs, cookware, a book-on-audio sale-and-exch... Read more

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