CHEESECAKE FACTORY INC/THE (CAKE) Stock Technical Analysis
NASDAQ:CAKE - Nasdaq - US1630721017 - Common Stock - Currency: USD
Overall CAKE gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CAKE is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, CAKE did better than 91% of all other stocks. We also observe that the gains produced by CAKE over the past year are nicely spread over this period.
CAKE is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 88% of 135 stocks in the same industry.
CAKE is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
CAKE has an average volume of 1308140 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month CAKE has a been trading in the 50.36 - 57.32 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
CAKE has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 56.16. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 51.25, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
36.75
57.29
We found 6 important support areas.
- A support zone ranging from 50.85 to 51.25. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 48.76 to 48.81. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 47.36 to 47.98. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @46.34 from a horizontal line in the daily time frame.
- Support @39.06 from a trend line in the weekly time frame.
- Support @37.12 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 56.16 to 56.72. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.81
Mansfield2.25
10 Day High56.55
10 Day Low50.36
20 Day High57.32
20 Day Low50.36
52 Week High57.32
52 Week Low33.05
Performance
1 Week4.08%
2 Weeks-1.66%
1 Month6.05%
3 Month17.38%
6 Month34.57%
12 Month52.44%
2 Year45.97%
3 Year27.72%
5 Year53.38%
10 Year15%
15 Year131.08%
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-0.09
RSI(14)56.79
LBB51.03
UBB57.47
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 56.73 | 50.84 | 5.89 (10.38%) | 9.63% |
| An entry @56.73. This is a Buy Stop order right above the resistance zone. | An exit @50.84. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 5.89 points, which is 10.38%. | When investing 9.63% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
54.65
-0.32 (-0.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-0.58%
1 Week4.08%
2 Weeks-1.66%
1 Month6.05%
3 Month17.38%
6 Month34.57%
12 Month52.44%
2 Year45.97%
3 Year27.72%
5 Year53.38%
10 Year15%
15 Year131.08%
Volatility
ATR(14)1.98
ATR(20)%3.45%
ATR Inc55.18%
Range Today2.81
ADR(20)1.83
ADR(20)%3.35%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.81
Mansfield2.25
10 Day High56.55
10 Day Low50.36
20 Day High57.32
20 Day Low50.36
52 Week High57.32
52 Week Low33.05
CS1 End51.25
CR1 Start56.16
Volume & EV
DER(3)-0.15%
DER(5)1.45%
Volume2.23M
Volume Incr94.16%
Vol(5)2.38M
Vol(50)1.31M