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FIESTA RESTAURANT GROUP (FRGI) Stock Technical Analysis

NASDAQ:FRGI - Nasdaq - US31660B1017 - Common Stock - Currency: USD

8.49  0 (0%)

After market: 8.495 +0 (+0.06%)

Technical Rating and Analysis

8

We assign a technical rating of 8 out of 10 to FRGI. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, FRGI is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
FRGI is part of the Hotels, Restaurants & Leisure industry. There are 135 other stocks in this industry. FRGI outperforms 84% of them.
FRGI is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so FRGI is lagging the market slightly.
When comparing the yearly performance of all stocks, we notice that FRGI is one of the better performing stocks in the market, outperforming 90% of all stocks. However, this overall performance is mostly based on the strong move around 10 months ago.
In the last month FRGI has a been trading in a tight range between 8.44 and 8.51.
Weekly and Daily overview Charts
FIESTA RESTAURANT GROUP / FRGI Weekly stock chart
FIESTA RESTAURANT GROUP / FRGI Daily stock chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, FRGI also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 8.49, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

6.19

9.25

When analyzing the support we can see 5 important areas.

  • A support zone ranging from 8.38 to 8.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 8.15 to 8.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • Support @7.55 from a horizontal line in the daily time frame.
  • Support @7.29 from a horizontal line in the weekly time frame.
  • Support @6.25 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

  • Resistance @8.98 from a horizontal line in the weekly time frame.
  • A resistance zone ranging from 9.15 to 9.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.28
Mansfield0.81
10 Day High8.51
10 Day Low8.47
20 Day High8.51
20 Day Low8.44
52 Week High9.28
52 Week Low6
Performance
1 Week0%
2 Weeks0.24%
1 Month0.35%
3 Month10.84%
6 Month5.73%
12 Month23.58%
2 Year-19.45%
3 Year-1.74%
5 Year-67.11%
10 Year-79.97%
15 YearN/A
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
RSI(14)64.58
LBB8.46
UBB8.5
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
8.528.460.06 (0.70%)25.00%
An entry @8.52. This is a Buy Stop order right above the 10 day high.An exit @8.46. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.06 points, which is 0.70%.For a 0.18% 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.
FIESTA RESTAURANT GROUP / FRGI Daily stock chart

FIESTA RESTAURANT GROUP

NASDAQ:FRGI (10/27/2023, 8:16:49 PM)

After market: 8.495 +0 (+0.06%)

8.49

0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg0%
1 Week0%
2 Weeks0.24%
1 Month0.35%
3 Month10.84%
6 Month5.73%
12 Month23.58%
2 Year-19.45%
3 Year-1.74%
5 Year-67.11%
10 Year-79.97%
15 YearN/A
Volatility
ATR(14)0.02
ATR(20)%0.25%
ATR Inc-55.56%
Range Today0.01
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.28
Mansfield0.81
10 Day High8.51
10 Day Low8.47
20 Day High8.51
20 Day Low8.44
52 Week High9.28
52 Week Low6
CS1 End8.49
CR1 Start8.98
Volume & EV
DER(3)-4.68%
DER(5)-2.99%
Volume501.70K
Volume Incr78.98%
Vol(5)263.72K
Vol(50)220.84K