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Del Taco Restaurants Stock Forecast NASDAQ:TACO

$7.96 (-1.49%)

Volume: 268k

Closed: Nov 26, 2021

Hollow Logo Score: -3.925

Del Taco Restaurants Stock Forecast

$7.96 (-1.49%)

Volume: 268k

Closed: Nov 26, 2021

Score Hollow Logo -3.925
Which way will TACO go? Request
Key Stats
P/E Ratio 14.50
Beta 1.03
Trailing Dividend Rate 2% ($0.16)
* 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 Del Taco Restaurants stock currently holds an RSI14 at 16 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 Del Taco Restaurants
(Updated on Nov 26, 2021)

Sell candidate since 2021-11-18 Loss -4.33%

The Del Taco Restaurants stock price fell by -1.49% on the last day (Friday, 26th Nov 2021) from $8.08 to $7.96. and has now fallen 9 days in a row. During the day the stock fluctuated 5.96% from a day low at $7.63 to a day high of $8.09. The price has fallen in 9 of the last 10 days and is down by -6.68% for this period. Volume has increased on the last day by 109 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, 268 thousand shares were bought and sold for approximately $2.13 million.

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 ($8.04) are considered to be a "second chance" to get out. According to the fan-theory $6.90 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 Del Taco Restaurants 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 $8.20 and $8.54. 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 -8.51%. 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.

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 is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.46 (5.96%) between high and low. For the last week, the stock has had a daily average volatility of 3.03%.

Del Taco Restaurants is oversold on RSI14 (16). 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 Del Taco Restaurants stock A Buy?

Del Taco Restaurants 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: -3.925

Predicted Opening Price for Del Taco Restaurants 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
$7.89 $7.96 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Benchmark" gave "$14.00" rating for TACO. The price target was changed from $8.53 to 1.5%.

Volatility and Risk
Daily Average Volatility: 3.03 %
Overall Risk: Very High High Medium Low Very Low
3.03 %
Daily Average Volatility
Overall Risk

Very High
Very Low

Support & Resistance

Resistance: $8.50
Price: $7.96
No Support Found

TACO Insider Trading Show all Trades



Last 100 transactions
Buy: 2 752 215 | Sell: 3 490 462 (Shares)
Date Action Amount Person Type
Jul 14, 2021 Buy 6 484 Luey Karen L COMMON STOCK
Jul 02, 2021 Buy 65 000 Brake Steven L. Stock Option (right to buy)
Jul 02, 2021 Buy 11 500 Brake Steven L. COMMON STOCK
Jul 02, 2021 Buy 190 000 Cappasola John D. Jr. Stock Option (right to buy)
Jul 02, 2021 Buy 32 199 Cappasola John D. Jr. COMMON STOCK
Show all Insider Trades


Last 100 transactions
Buy: 2 752 215 | Sell: 3 490 462 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 8.35 4.86 %
8.17 2.67 %
8.07 1.33 %
Current price: 7.96
Support 7.72 -3.04 %
7.61 -4.39 %
7.44 -6.57 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 8.67 8.92 %
8.66 8.79 %
8.50 6.78 %
Current price 7.96
Support 0 .
0 .
0 .

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About Del Taco Restaurants

Del Taco Restaurants Del Taco Restaurants, Inc. develops, franchises, owns, and operates Del Taco quick-service Mexican-American restaurants in the United States. The company’s restaurants offer Mexican inspired and American classic dishes. As of September 22, 2016, it operated approximately 550 restaurants in 16 states. The company was founded in 1964 and is headquartered in Lake Forest, California.... Read more

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