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Evaluation of Texas Roadhouse stock downgraded after the last trading session
(Updated on Oct 03, 2024)

Buy or Hold candidate since Sep 19, 2024 Gain 1.77%

The Texas Roadhouse stock price fell by -1.50% on the last day (Thursday, 3rd Oct 2024) from $178.23 to $175.55. During the last trading day the stock fluctuated 1.62% from a day low at $174.50 to a day high of $177.34. The price has risen in 7 of the last 10 days and is up by 1.77% over the past 2 weeks. 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 -67 thousand shares and in total, 457 thousand shares were bought and sold for approximately $80.31 million.

The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $178.48 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Texas Roadhouse stock with a 90% probability to be traded between $162.06 and $180.38 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 stock seldom manage to go directly from the bottom of a trend up to the top. Stock turning up in the middle of a horizontal trend are therefore considered to be potential runners.

TXRH Signals & Forecast

The Texas Roadhouse stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $176.85. On a fall, the stock will find some support from the long-term average at approximately $169.05. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, September 26, 2024, and so far it has fallen -1.56%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Friday, July 12, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, July 12, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Texas Roadhouse stock

Texas Roadhouse finds support from accumulated volume at $169.71 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 $2.84 between high and low, or 1.62%. For the last week, the stock has had daily average volatility of 2.13%.

Our recommended stop-loss: $168.27 (-4.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (TXRH) For The Upcoming Trading Day Of Friday 4th

For the upcoming trading day on Friday, 4th we expect Texas Roadhouse to open at $175.80, and during the day (based on 14 day Average True Range), to move between $171.43 and $179.67, which gives a possible trading interval of +/-$4.12 (+/-2.34%) up or down from last closing price. If Texas Roadhouse takes out the full calculated possible swing range there will be an estimated 4.69% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $175.58 (0.02%) than the support at $169.71 (3.33%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Texas Roadhouse stock A Buy?

Texas Roadhouse holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

Current score: 0.542 Hold/Accumulate Downgraded

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Predicted Fair Opening Price

Predicted fair opening price on October 4, 2024 - $175.80 ( 0.140%). The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for TXRH

Fibonacci Support & Resistance Levels

Level Price
R3 178.63 1.75%
R2 177.55 1.14%
R1 176.88 0.756%
Price 175.55
S1 174.71 -0.477%
S2 174.04 -0.86%
S3 172.96 -1.48%

Accumulated Volume Support & Resistance Levels

Level Price
R3 177.13 0.90%
R2 176.60 0.598%
R1 175.58 0.0171%
Price 175.55
S1 169.71 -3.33%
S2 169.38 -3.51%
S3 166.02 -5.43%

TXRH Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Aug 08, 2024 Sep 04, 2024 Sep 24, 2024 $0.610 0.347%
2 May 16, 2024 Jun 12, 2024 Jun 25, 2024 $0.610 0.355%
3 Feb 15, 2024 Mar 12, 2024 Mar 26, 2024 $0.610 0.401%
4 Nov 09, 2023 Dec 05, 2023 Dec 26, 2023 $0.550 0.447%
5 Aug 10, 2023 Sep 05, 2023 Sep 26, 2023 $0.550 0.581%

FAQ

What is the symbol for Texas Roadhouse Stock and on which exchange is it traded?
The symbol for Texas Roadhouse is TXRH and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Texas Roadhouse Stock?
Texas Roadhouse holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. 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 Hold/Accumulate candidate.

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

What's the current price of Texas Roadhouse Stock?
As of the end of day on the Oct 03, 2024, the price of an Texas Roadhouse (TXRH) share was $175.55.

What is the 52-week high and low for Texas Roadhouse Stock?
The 52-week high for Texas Roadhouse Stock is $180.69 and the 52-week low is $91.06.

What is the market capitalization of Texas Roadhouse Stock?
As of the Oct 03, 2024, the market capitalization of Texas Roadhouse is 11.884B.

When is the next earnings date for Texas Roadhouse?
The upcoming earnings date for Texas Roadhouse is Oct 24, 2024.
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ABOUT TEXAS ROADHOUSE
Texas Roadhouse
Texas Roadhouse, Inc., together with its subsidiaries, operates casual dining restaurants in the United States and internationally. The company operates and franchises restaurants under the Texas Roadhouse, Bubba's 33, and Jaggers names. As of December 28, 2021, it operated 566 domestic restaurants and 101 franchise restaurants. Texas Roadhouse, Inc. was founded in 1993 and is based in Louisville, Kentucky....
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