DEL FRISCOS RESTAURANT GROUP I (DFRG) Stock Technical Analysis
NASDAQ:DFRG - Nasdaq -
Overall DFRG gets a technical rating of 6 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DFRG is only an average performer.
Although the technical rating is only medium, DFRG does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.98, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DFRG in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
7.75
We found 1 important support area.
- A support zone ranging from 7.83 to 7.98. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 7.99 to 8.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 |
|---|---|---|---|
| 8.01 | 7.88 | 0.13 (1.62%) | 25.00% |
| An entry @8.01. This is a Buy Stop order right above the resistance zone. | An exit @7.88. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.13 points, which is 1.62%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
7.98
-0.02 (-0.25%)