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Fiesta Restaurant Group Stock Forecast NASDAQ:FRGI

$9.39 (-2.90%)

Volume: 79k

Closed: Nov 26, 2021

Hollow Logo Score: -4.379

Fiesta Restaurant Group Stock Forecast

$9.39 (-2.90%)

Volume: 79k

Closed: Nov 26, 2021

Score Hollow Logo -4.379
Which way will FRGI go? Request
Key Stats
P/E Ratio 15.71
Beta 1.19
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 20 - 75 ] RSI14 is 15 and the stock is extremely oversold on RSI14, but some stocks may continue to fall despite the high chance of a correction up. The low RSI lowers the general risk and the stock should be considered if other technical requirements like liquidity and risk-reward are meet.

Red day on Friday for Fiesta Restaurant Group stock after losing 2.9%
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-16 Loss -12.49%

The Fiesta Restaurant Group stock price fell by -2.90% on the last day (Friday, 26th Nov 2021) from $9.67 to $9.39. and has now fallen 9 days in a row. During the day the stock fluctuated 7.88% from a day low at $8.95 to a day high of $9.66. The price has fallen in 9 of the last 10 days and is down by -20.29% for this period. Volume has increased on the last day by 36 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, 79 thousand shares were bought and sold for approximately $739.28 thousand.

The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point ($9.84) are considered to be a "second chance" to get out. According to the fan-theory $7.78 will represent the new bottom line of the next trend, but it is far too early to say this for certain.

Signals & Forecast

There are few to no technical positive signals at the moment. The Fiesta Restaurant Group 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 $10.03 and $10.90. 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 -22.72%. 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). Fiesta Restaurant Group gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

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 $0.71 between high and low, or 7.88%. For the last week, the stock has had a daily average volatility of 4.04%.

Fiesta Restaurant Group is oversold on RSI14 (15). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Is Fiesta Restaurant Group stock A Buy?

Fiesta Restaurant Group 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: -4.379

Predicted Opening Price for Fiesta Restaurant Group 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
$9.33 $9.39 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Raymond James" gave "$17.00 - $15.00" rating for FRGI. The price target was changed from $11.78 to 1.3%.

Volatility and Risk
Daily Average Volatility: 4.04 %
Overall Risk: Very High High Medium Low Very Low
4.04 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $10.69
Price: $9.39
No Support Found

FRGI Insider Trading Show all Trades



Last 100 transactions
Buy: 3 009 212 | Sell: 4 162 (Shares)
Date Action Amount Person Type
Apr 28, 2021 Buy 5 212 Daraviras Nicholas Common Stock, par value $0.01 per share
Apr 28, 2021 Buy 5 212 Shepherd Nicholas P Common Stock, par value $0.01 per share
Apr 28, 2021 Buy 5 212 Kaplan Sherrill Common Stock, par value $0.01 per share
Apr 28, 2021 Buy 5 212 Twohig Paul E Common Stock, par value $0.01 per share
Apr 28, 2021 Buy 5 212 Elker Stephen P. Common Stock, par value $0.01 per share
Show all Insider Trades


Last 100 transactions
Buy: 3 009 212 | Sell: 4 162 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 10.04 6.89 %
9.77 4.02 %
9.60 2.25 %
Current price: 9.39
Support 9.06 -3.49 %
8.90 -5.26 %
8.63 -8.13 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 11.03 17.47 %
10.96 16.72 %
10.69 13.84 %
Current price 9.39
Support 0 .
0 .
0 .

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About Fiesta Restaurant Group

Fiesta Restaurant Group, Inc., through its subsidiaries, owns, operates, and franchises fast-casual restaurants. It operates its fast-casual restaurants under the Pollo Tropical and Taco Cabana brand names. The company’s Pollo Tropical restaurants offer various Caribbean inspired food, and Taco Cabana restaurants offer a selection of Mexican food. As of January 3, 2016, it had 155 company-owned Pollo Tropical restaurants, 162 company-owned Taco ... Read more

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