RRGB - Red Robin Gourmet Burgers

Industry: Restaurants Sector: Services Exchange: NASDAQ

RRGB - Red Robin Gourmet Burgers

Industry: Restaurants Sector: Services Exchange: NASDAQ
#2206()/7535

Wed 17'th Oct 2018

PERIOD 2018-07-18 - 2018-10-17
CHANGE -0.26%
PRICE $38.38
VOLUME
Sell
TREND
Sell

MV LONG
Sell

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

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Red Robin Gourmet Burgers Stock Analysis

Technical stock analysis for Wed 17'th Oct 2018

Sell candidate since 2018-10-10 Loss -2.39%
Shorts 13.35% ( 2018-09-28 )
Cash 15.0 mill
Loans n/a
Beta 0.25
ROA 1.52

Red Robin Gourmet Burgers fell by -0.26% in the last day from $38.48 to $38.38 The price has been going up and down for this period, and there has been a -1.01% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -45 368 shares and in total 200 074 shares bought and sold for approximately $7.68 million.

Trend

Red Robin Gourmet Burgers lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.61% during the next 3 months and, with 90% probability hold a price between $25.72 and $36.09 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

A buy signal was issued from a pivot bottom point on Thursday October 11, 2018, which indicates further gains 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. Red Robin Gourmet Burgers holds sales signals from both short- and long-term moving averages. In addition, there is a general sales 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 $38.61 and $39.21. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A buy signal from a double bottom formation was found on Thursday October 11, 2018 and based on theory for this formation the price should go up by 1.89% to $39.75 within 7 trading days since signal was issued (Monday October 22, 2018).

Relative Strength Index (RSI)

RSI14 is 44 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

Red Robin Gourmet Burgers finds support from accumulated volume at $38.20.

Support: $38.20 Price: $38.38 Resistance: $40.20

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 $1.18 (3.12%) between high and low. For the last week, the stock has had a daily average volatility of 3.31%.

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

Overall risk:

Very Low Low Medium High Very High

Evaluation

Red Robin Gourmet Burgers 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.

Sell Candidate

Click for Top 5 Sell Candidates
RRGB $38.38 $-0.10(-0.26%)
RRGB is down $0.10 today, but where's it headed in November?
Zacks Investment Research is releasing its prediction for RRGB based on the 1-3 month system that more than doubles the S&P 500.

Click here – the RRGB analysis is free »

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