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 CAKE
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Red day on Thursday for The Cheesecake Factory Incorporated
(Updated on Mar 28, 2024)

Hold candidate since Mar 27, 2024 Loss -0.60% PDF

The The Cheesecake Factory Incorporated stock price fell by -0.605% on the last day (Thursday, 28th Mar 2024) from $36.37 to $36.15. During the last trading day the stock fluctuated 1.36% from a day low at $36.12 to a day high of $36.61. The price has fallen in 6 of the last 10 days but is still up by 0.53% 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 -140 thousand shares and in total, 578 thousand shares were bought and sold for approximately $20.90 million.

The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.64% during the next 3 months and, with a 90% probability hold a price between $37.61 and $41.02 at the end of this 3-month period.

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CAKE Signals & Forecast

The The Cheesecake Factory Incorporated stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $35.42 and $35.52. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 06, 2024, and so far it has fallen -2.22%. 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 The Cheesecake Factory Incorporated stock

The Cheesecake Factory Incorporated finds support from accumulated volume at $35.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 $0.490 (1.36%) between high and low. For the last week, the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: $34.60 (-4.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (CAKE) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect The Cheesecake Factory Incorporated to open at $36.29, and during the day (based on 14 day Average True Range), to move between $35.19 and $37.11, which gives a possible trading interval of +/-$0.96 (+/-2.66%) up or down from last closing price. If The Cheesecake Factory Incorporated takes out the full calculated possible swing range there will be an estimated 5.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $36.31 (0.44%) than the support at $35.85 (0.83%), 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 The Cheesecake Factory Incorporated stock A Buy?

The Cheesecake Factory Incorporated 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.

Current score: 0.539 Hold/Accumulate Unchanged

Predicted Opening Price for The Cheesecake Factory Incorporated of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$36.29 ( 0.396%) $36.15

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

Trading levels for CAKE

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 36.78 1.75 %
R2 36.60 1.23 %
R1 36.48 0.91 %
Current price: 36.15
Support S1 36.11 -0.121 %
S2 35.99 -0.441 %
S3 35.80 -0.96 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 36.97 2.27 %
R2 36.91 2.10 %
R1 36.31 0.443 %
Current price 36.15
Support S1 35.85 -0.83%
S2 35.33 -2.27%
S3 34.23 -5.31%

CAKE Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 21, 2024 Mar 05, 2024 Mar 19, 2024 $0.270 0.747%
2 Oct 26, 2023 Nov 14, 2023 Nov 28, 2023 $0.270 0.84%
3 Jul 27, 2023 Aug 15, 2023 Aug 29, 2023 $0.270 0.83%
4 May 10, 2023 May 23, 2023 Jun 06, 2023 $0.270 0.82%
5 Feb 16, 2023 Mar 07, 2023 Mar 21, 2023 $0.270 0.783%

FAQ

What is the symbol for The Cheesecake Factory Incorporated Stock and on which exchange is it traded?
The symbol for The Cheesecake Factory Incorporated is CAKE and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell The Cheesecake Factory Incorporated Stock?
The Cheesecake Factory Incorporated 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.

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

What's the current price of The Cheesecake Factory Incorporated Stock?
As of the end of day on the 2024-03-28, the price of an The Cheesecake Factory Incorporated (CAKE) share was $36.15.

What is the 52-week high and low for The Cheesecake Factory Incorporated Stock?
The 52-week high for The Cheesecake Factory Incorporated Stock is $38.19 and the 52-week low is $28.58.

What is the market capitalization of The Cheesecake Factory Incorporated Stock?
As of the 2024-03-28, the market capitalization of The Cheesecake Factory Incorporated is 1.848B.

When is the next earnings date for The Cheesecake Factory Incorporated?
The upcoming earnings date for The Cheesecake Factory Incorporated is May 08, 2024.
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About The Cheesecake Factory Incorporated

The Cheesecake Factoryorporated The Cheesecake Factory Incorporated operates restaurants. It operates two bakeries that produces cheesecakes and other baked products for its restaurants, international licensees, third-party bakery customers, external foodservice operators, retailers, and distributors. The company owns and operates 306 restaurants throughout the United States and Canada under brands, including 208 The Cheesecake Factory and 29 North Italia; and a collection of F... CAKE Profile

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