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 GTIM
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Evaluation of Good Times Restaurants Inc. stock downgraded after the last trading session.
(Updated on Mar 28, 2024)

Sell candidate since Mar 28, 2024 PDF

The Good Times Restaurants Inc. stock price fell by -3.52% on the last day (Thursday, 28th Mar 2024) from $2.56 to $2.47. During the last trading day the stock fluctuated 4.86% from a day low at $2.47 to a day high of $2.59. The price has fallen in 6 of the last 10 days and is down by -7.84% 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 -14 thousand shares and in total, 15 thousand shares were bought and sold for approximately $36.19 thousand.

The stock lies in the middle of a wide and 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 3.00% during the next 3 months and, with a 90% probability hold a price between $2.29 and $2.77 at the end of this 3-month period.

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GTIM Signals & Forecast

There are few to no technical positive signals at the moment. The Good Times Restaurants Inc. stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at $2.55 and $2.49. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 14, 2024, and so far it has fallen -7.84%. 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 along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Good Times Restaurants Inc. stock

Good Times Restaurants Inc. finds support from accumulated volume at $2.46 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.120 between high and low, or 4.86%. For the last week the stock has had daily average volatility of 4.56%.

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

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

For the upcoming trading day on Monday, 1st we expect Good Times Restaurants Inc. to open at $2.51, and during the day (based on 14 day Average True Range), to move between $2.35 and $2.59, which gives a possible trading interval of +/-$0.115 (+/-4.66%) up or down from last closing price. If Good Times Restaurants Inc. takes out the full calculated possible swing range there will be an estimated 9.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $2.46 (0.40%) than the resistance at $2.50 (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Good Times Restaurants Inc. stock A Buy?

The Good Times Restaurants Inc. stock holds several negative signals and despite the positive trend, we believe Good Times Restaurants Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

Current score: -3.553 Sell Candidate Downgraded

Predicted Opening Price for Good Times Restaurants Inc. of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$2.51 ( 1.62%) $2.47

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

Trading levels for GTIM

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 2.63 6.48 %
R2 2.58 4.62 %
R1 2.56 3.48 %
Current price: 2.47
Support S1 2.46 -0.236 %
S2 2.44 -1.38 %
S3 2.39 -3.24 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 2.58 4.45 %
R2 2.53 2.43 %
R1 2.50 1.21 %
Current price 2.47
Support S1 2.46 -0.405%
S2 2.40 -2.83%
S3 2.37 -4.05%

FAQ

What is the symbol for Good Times Restaurants Inc. Stock and on which exchange is it traded?
The symbol for Good Times Restaurants Inc. is GTIM and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Good Times Restaurants Inc. Stock?
The Good Times Restaurants Inc. stock holds several negative signals and despite the positive trend, we believe Good Times Restaurants Inc. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.

How to buy Good Times Restaurants Inc. Stock?
Good Times Restaurants 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 Good Times Restaurants Inc. Stock.

What's the current price of Good Times Restaurants Inc. Stock?
As of the end of day on the 2024-03-28, the price of an Good Times Restaurants Inc. (GTIM) share was $2.47.

What is the 52-week high and low for Good Times Restaurants Inc. Stock?
The 52-week high for Good Times Restaurants Inc. Stock is $3.57 and the 52-week low is $2.15.

What is the market capitalization of Good Times Restaurants Inc. Stock?
As of the 2024-03-28, the market capitalization of Good Times Restaurants Inc. is 27.64M.

When is the next earnings date for Good Times Restaurants Inc.?
The upcoming earnings date for Good Times Restaurants Inc. is May 14, 2024.
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About Good Times Restaurants Inc.

Good Times Restaurants. Good Times Restaurants Inc., through its subsidiaries, engages in the restaurant business in the United States. The company operates and franchises Good Times Burgers & Frozen Custard, an upscale quick-service drive-through dining restaurant; and owns, operates, franchises, and licenses Bad Daddy's Burger Bar, a full-service upscale casual dining restaurant. As of December 15, 2021, it operated, franchised, or licensed 42 Bad Daddy's Burger Bar r... GTIM Profile

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