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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 SHAK
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Red day on Tuesday for Shake Shack Inc
(Updated on Jun 11, 2024)

Sell candidate since May 20, 2024 Loss -8.76% PDF

The Shake Shack Inc stock price fell by -1.15% on the last day (Tuesday, 11th Jun 2024) from $91.93 to $90.87. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 1.54% from a day low at $90.24 to a day high of $91.63. The price has fallen in 8 of the last 10 days and is down by -5.22% 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 -36 thousand shares and in total, 564 thousand shares were bought and sold for approximately $51.27 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 $88.83 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.61% during the next 3 months and, with a 90% probability hold a price between $81.18 and $94.54 at the end of this 3-month period.

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SHAK Signals & Forecast

There are few to no technical positive signals at the moment. The Shake Shack Inc 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 $92.75 and $99.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -5.92%. 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 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 for Shake Shack Inc stock

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 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 $1.39 between high and low, or 1.54%. For the last week, the stock has had daily average volatility of 2.99%.

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

Trading Expectations (SHAK) For The Upcoming Trading Day Of Wednesday 12th

For the upcoming trading day on Wednesday, 12th we expect Shake Shack Inc to open at $90.91, and during the day (based on 14 day Average True Range), to move between $87.74 and $94.00, which gives a possible trading interval of +/-$3.13 (+/-3.44%) up or down from last closing price. If Shake Shack Inc takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ $102.82, some $11.95 (13.15%) from the current price of $90.87, our system finds the risk reward not very attractive.

Is Shake Shack Inc stock A Buy?

Shake Shack Inc 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: -4.664 Sell Candidate Unchanged

Predicted Opening Price for Shake Shack Inc of Wednesday, June 12, 2024

Fair opening price June 12, 2024 Current price
$90.91 ( 0.0477%) $90.87

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

Trading levels for SHAK

Fibonacci Support & Resistance Levels

Level Price
R3 92.30 1.58%
R2 91.77 0.99%
R1 91.44 0.632%
Price 90.87
S1 90.38 -0.537%
S2 90.05 -0.90%
S3 89.52 -1.48%

Accumulated Volume Support & Resistance Levels

Level Price
R3 108.60 19.51%
R2 104.94 15.48%
R1 102.82 13.15%
Price 90.87
S1 0 -
S2 0 -
S3 0 -

FAQ

What is the symbol for Shake Shack Inc Stock and on which exchange is it traded?
The symbol for Shake Shack Inc is SHAK and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Shake Shack Inc Stock?
Shake Shack Inc 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.

How to buy Shake Shack Inc Stock?
Shake Shack Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Shake Shack Inc Stock.

What's the current price of Shake Shack Inc Stock?
As of the end of day on the Jun 11, 2024, the price of an Shake Shack Inc (SHAK) share was $90.87.

What is the 52-week high and low for Shake Shack Inc Stock?
The 52-week high for Shake Shack Inc Stock is $111.29 and the 52-week low is $52.79.

What is the market capitalization of Shake Shack Inc Stock?
As of the Jun 11, 2024, the market capitalization of Shake Shack Inc is 3.602B.

When is the next earnings date for Shake Shack Inc?
The upcoming earnings date for Shake Shack Inc is Aug 01, 2024.
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About Shake Shack Inc

Shake Shack Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, hot dogs, chicken, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. As of December 29, 2021, it operated 369 Shacks, including 218 domestic company-operated Shacks, 25 domestic licensed Shacks, and 126 international licensed Shacks. Shake Shack Inc. was founded in 2001 and... SHAK Profile

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