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RRGB - Red Robin Gourmet Burgers

Industry: Restaurants Sector: Services Exchange: NASDAQ

RRGB - Red Robin Gourmet Burgers

Industry: Restaurants Sector: Services Exchange: NASDAQ
#244()/6630

Fri 20'th Apr 2018

PERIOD 2018-01-22 - 2018-04-20
CHANGE 1.20%
PRICE $63.50
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

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Red Robin Gourmet Burgers Stock Analysis

Technical stock analysis for Fri 20'th Apr 2018

Buy candidate since 2018-04-03 Gain 8.83%

Red Robin Gourmet Burgers gained 1.20% in the last trading day, rising from $62.75 to $63.50 , and has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. The price has risen in 7 of the last 10 days and is up by 8.27% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 50 679 more shares were traded than the day before. In total, 167 120 shares bought and sold for approximately $10.61 million.

Shorts 15.39% ( 2018-03-29 )
Cash 37.2 mill
Loans n/a
Beta 0.30
ROA 3.07

Trend

Red Robin Gourmet Burgers lies in the middle of a wide and strong 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 19.1% during the next 3 months and, with 90% probability hold a price between $70.06 and $79.71 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. Red Robin Gourmet Burgers holds buy signals from both short- and long-term moving averages. In addition, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down there will be some support from the lines at $62.33 and $60.12. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday April 18, 2018, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Monday February 26, 2018 in the short-term chart.

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

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

The stock holds a RSI14 at 76 and is currently being overbought on RSI. This does not have to be a sales signal as many stocks may go both long and hard while being overbought on the RSI. It is therefore important to evaluate the history of the share as it may tell you something about the RSI-sensitiveness.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $55.65 and $53.15. On the upside the stock meets some resistance just above today's level from accumulated volume at $64.60.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Red Robin Gourmet Burgers finds support just below today's level at $55.65. If this is broken, then the next support from accumulated volume will be at $53.15 and $52.40. The stock is about to test the resistance from accumulated volume at $64.60 and this may cause the stock to take a minor break or get into a more sideways move for a few days.

Support: $55.65 Price: $63.50 Resistance: $64.60

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $1.35 (2.16%) between high and low. For the last week, the stock has had a daily average volatility of 3.56%.

Our recommended stoploss: $60.18 (-5.24%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from pivot bottom found 2 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for this stock to perform well in the short-term.

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