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$30.70 (-5.91%)

Volume: 101k

Closed: Nov 26, 2021

Hollow Logo Score: -2.018

Chuy Stock Forecast

$30.70 (-5.91%)

Volume: 101k

Closed: Nov 26, 2021

Score Hollow Logo -2.018
Which way will CHUY go? Request
Key Stats
Beta 1.52
* 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 Chuy stock currently holds an RSI14 at 21 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.

Chuy stock price fell more than -5.91% Friday closing at $30.70
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Chuy stock price fell by -5.91% on the last day (Friday, 26th Nov 2021) from $32.63 to $30.70. During the day the stock fluctuated 6.79% from a day low at $29.60 to a day high of $31.61. The price has fallen in 6 of the last 10 days and is down by -7.22% for this period. Volume has increased on the last day by 32 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 thousand shares were bought and sold for approximately $3.10 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Chuy stock with a 90% probability to be traded between $29.68 and $35.66 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

Signals & Forecast

There are few to no technical positive signals at the moment. The Chuy stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $32.17 and $31.19. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, November 05, 2021, and so far it has fallen -11.55%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Sell
Special Signal Notification

Double Top Formation

Double Top Formation A sell signal from a double top formation was found on Friday, November 05, 2021 and based on theory for this formation the price should fall by -18.67% to $24.97 within 29 trading days since signal was issued (Friday, December 17, 2021).

Support, Risk & Stop-loss

Chuy finds support from accumulated volume at $29.83 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 $2.01 between high and low, or 6.79%. For the last week, the stock has had a daily average volatility of 4.44%.

Chuy is oversold on RSI14 (21). 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 Chuy stock A Buy?

Chuy 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.

Current score: -2.018

Predicted Opening Price for Chuy of Monday, November 29, 2021

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

Fair opening price November 29, 2021 Current price
$30.64 $30.70 (Overvalued)
Sell Candidate Downgraded

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Analyst Ratings

On Nov 23, 2021 "Benchmark" gave "" rating for CHUY. The price target was set to $32.23+0.9%.

Volatility and Risk
Daily Average Volatility: 4.44 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.44 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $30.88
Price: $30.70
Support: $29.83

CHUY Insider Trading Show all Trades

INSIDER POWER

0.540

Last 100 transactions
Buy: 149 482 | Sell: 276 861 (Shares)
Date Action Amount Person Type
Aug 15, 2021 Buy 961 Bilney Jody L Restricted Stock Units
Jun 01, 2021 Sell 504 Howie Jon W Common Stock
May 25, 2021 Sell 500 Zecher Ira L. Common Stock
May 20, 2021 Sell 1 210 Hatcher Michael C. Common Stock
May 20, 2021 Sell 11 398 Mountford John Common Stock
Show all Insider Trades
INSIDER POWER

0.540

Last 100 transactions
Buy: 149 482 | Sell: 276 861 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 32.65 6.34 %
31.88 3.84 %
31.40 2.29 %
Current price: 30.70
Support 29.87 -2.71 %
29.39 -4.25 %
28.63 -6.75 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 32.75 6.68 %
31.06 1.17 %
30.88 0.59 %
Current price 30.70
Support 29.83 -2.83%
29.63 -3.49%
29.24 -4.76%

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About Chuy

Chuy Chuy’s Holdings, Inc., through its subsidiary, Chuy’s Opco, Inc., owns and operates restaurants under the Chuy’s name in Texas and 14 states in the southeastern and midwestern United States. The company’s restaurants provide Mexican and Tex Mex inspired food. As of March 1, 2016, it owned and operated 70 full-service restaurants in 14 states. The company was founded in 1982 and is headquartered in Austin, Texas.... Read more

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