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Today TAST ranks #10161 as sell candidate. Get a Free Stock at Robinhood
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Carrols Restaurant Group Stock Forecast NASDAQ:TAST

$2.96 (-1.66%)

Volume: 314k

Closed: Nov 26, 2021

Hollow Logo Score: -3.014

Carrols Restaurant Group Stock Forecast

$2.96 (-1.66%)

Volume: 314k

Closed: Nov 26, 2021

Score Hollow Logo -3.014
Which way will TAST go? Request
Key Stats
P/E Ratio -3.51
Beta 1.29
* 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 ] RSI14 is 14 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 Carrols Restaurant Group
(Updated on Nov 26, 2021)


Sell candidate since 2021-11-26

The Carrols Restaurant Group stock price fell by -1.66% on the last day (Friday, 26th Nov 2021) from $3.01 to $2.96. During the day the stock fluctuated 5.65% from a day low at $2.83 to a day high of $2.99. The price has fallen in 8 of the last 10 days and is down by -15.91% for this period. Volume has increased on the last day by 85 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, 314 thousand shares were bought and sold for approximately $929.70 thousand.

The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $2.90 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.61% during the next 3 months and, with a 90% probability hold a price between $2.42 and $3.16 at the end of this 3-month period.

Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, November 22, 2021, and so far it has risen 0.68%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Carrols 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 $3.04 and $3.58. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Carrols 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

Carrols Restaurant Group finds support from accumulated volume at $2.94 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.16 between high and low, or 5.65%. For the last week, the stock has had a daily average volatility of 4.58%.

Carrols Restaurant Group is oversold on RSI14 (14). 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 Carrols Restaurant Group stock A Buy?

Carrols Restaurant Group holds several negative signals and is within a very 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: -3.014

Predicted Opening Price for Carrols 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
$2.93 $2.96 (Overvalued)
Sell Candidate Unchanged

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Analyst Ratings

On Nov 12, 2021 "Deutsche Bank Aktiengesellschaft" gave "$6.00 - $5.00" rating for TAST. The price target was set to $3.54+0.6%.

Volatility and Risk
Daily Average Volatility: 4.58 %
Overall Risk: Very High High Medium Low Very Low
Volatility
4.58 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $3.52
Price: $2.96
Support: $2.94

TAST Insider Trading Show all Trades

INSIDER POWER

295.024

Last 100 transactions
Buy: 10 103 985 | Sell: 34 248 (Shares)
Date Action Amount Person Type
Nov 23, 2021 Buy 1 000 Landaw Jared L. Common Stock, $0.01 par value
Oct 05, 2021 Buy 6 471 Accordino Daniel T Common Stock, $0.01 par value
Oct 05, 2021 Buy 3 196 Hull Anthony E Common Stock, $0.01 par value
Oct 05, 2021 Buy 966 Cross Richard G Common Stock, $0.01 par value
Oct 05, 2021 Buy 788 Myers William E Common Stock, $0.01 par value
Show all Insider Trades
INSIDER POWER

295.024

Last 100 transactions
Buy: 10 103 985 | Sell: 34 248 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 3.09 4.28 %
3.03 2.21 %
2.99 0.94 %
Current price: 2.96
Support 2.87 -3.19 %
2.83 -4.47 %
2.77 -6.53 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 3.69 24.66 %
3.67 23.99 %
3.52 18.92 %
Current price 2.96
Support 2.94 -0.68%
0 .
0 .

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About Carrols Restaurant Group

Carrols Restaurant Group Carrols Restaurant Group, Inc., through its subsidiaries, operates franchisee restaurants of Burger King. As of January 3, 2016, it operated 705 Burger King restaurants in 16 states of the United States. The company was founded in 1960 and is headquartered in Syracuse, New York.... Read more

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