Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of CBRL
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Cracker Barrel Old Country Store stock price ended at $72.73 on Thursday, after gaining 0.220%.
(Updated on Mar 28, 2024)

Buy candidate since Mar 27, 2024 Gain 0.22% PDF

The Cracker Barrel Old Country Store stock price gained 0.220% on the last trading day (Thursday, 28th Mar 2024), rising from $72.57 to $72.73. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.69% from a day low at $72.27 to a day high of $74.21. The price has risen in 5 of the last 10 days and is up by 7.65% over the past 2 weeks. Volume fell on the last day by -327 thousand shares and in total, 617 thousand shares were bought and sold for approximately $44.90 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -12.41% during the next 3 months and, with a 90% probability hold a price between $55.46 and $66.23 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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CBRL Signals & Forecast

Mostly positive signals in the chart today. The Cracker Barrel Old Country Store stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $68.62 and $69.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 18, 2024, and so far it has risen 12.38%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Cracker Barrel Old Country Store stock

Cracker Barrel Old Country Store finds support from accumulated volume at $70.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.94 between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 3.39%.

Our recommended stop-loss: $70.24 (-3.42%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)

Trading Expectations (CBRL) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Cracker Barrel Old Country Store to open at $73.07, and during the day (based on 14 day Average True Range), to move between $70.36 and $75.10, which gives a possible trading interval of +/-$2.37 (+/-3.26%) up or down from last closing price. If Cracker Barrel Old Country Store takes out the full calculated possible swing range there will be an estimated 6.52% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $74.19 (2.01%) than the support at $70.10 (3.62%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Cracker Barrel Old Country Store stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 2.685 Buy Candidate Unchanged

Predicted Opening Price for Cracker Barrel Old Country Store of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$73.07 ( 0.465%) $72.73

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

Trading levels for CBRL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 75.01 3.14 %
R2 74.27 2.12 %
R1 73.81 1.49 %
Current price: 72.73
Support S1 72.33 -0.556 %
S2 71.87 -1.19 %
S3 71.12 -2.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 76.65 5.39 %
R2 75.52 3.84 %
R1 74.19 2.01 %
Current price 72.73
Support S1 70.10 -3.62%
S2 66.34 -8.79%
S3 65.90 -9.39%

CBRL Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 27, 2024 Apr 12, 2024 May 07, 2024 $1.30 1.79%
2 Feb 27, 2024 Apr 11, 2024 May 07, 2024 $1.30 1.79%
3 Nov 30, 2023 Jan 19, 2024 Feb 13, 2024 $1.30 1.74%
4 Nov 30, 2023 Jan 18, 2024 Feb 13, 2024 $1.30 1.74%
5 Sep 13, 2023 Oct 19, 2023 Nov 07, 2023 $1.30 2.00%

FAQ

What is the symbol for Cracker Barrel Old Country Store Stock and on which exchange is it traded?
The symbol for Cracker Barrel Old Country Store is CBRL and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Cracker Barrel Old Country Store Stock?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

How to buy Cracker Barrel Old Country Store Stock?
Cracker Barrel Old Country Store Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Cracker Barrel Old Country Store Stock.

What's the current price of Cracker Barrel Old Country Store Stock?
As of the end of day on the 2024-03-28, the price of an Cracker Barrel Old Country Store (CBRL) share was $72.73.

What is the 52-week high and low for Cracker Barrel Old Country Store Stock?
The 52-week high for Cracker Barrel Old Country Store Stock is $121.17 and the 52-week low is $62.69.

What is the market capitalization of Cracker Barrel Old Country Store Stock?
As of the 2024-03-28, the market capitalization of Cracker Barrel Old Country Store is 1.615B.

When is the next earnings date for Cracker Barrel Old Country Store?
The upcoming earnings date for Cracker Barrel Old Country Store is Jun 04, 2024.
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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, as well as dine-in, pick-up, and delivery services. The company's gift shops comprise various decorative and functional items, such as rocking chairs, seasonal gifts, apparel, toys, cookware, ... CBRL Profile

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