SHAKE SHACK INC. CLASS A - Daily - Technical analysis published on 01/21/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Slightly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 69.15 USD
My targets
73.39 USD (+3.85%)
84.21 USD (+19.16%)
My analysis
The short-term increase currently reinforces the basic trend, which is only slightly bullish. It would be possible for traders to only trade long positions (at the time of purchase) on SHAKE SHACK INC. CLASS A as long as the price remains well above 69.15 USD. The buyers” bullish objective is set at 73.39 USD. A bullish break in this resistance would boost the bullish momentum. The buyers could then target the resistance located at 84.21 USD. If there is any crossing, the next objective would be the resistance located at 97.04 USD.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
FORCE
0
10
5.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The SHAKE SHACK INC. CLASS A price is 70.67 USD. The price has increased by +1.09% since the last closing with the lowest point at 69.25 USD and the highest point at 71.30 USD. The deviation from the price is +2.05% for the low point and -0.88% for the high point.69.25
71.30
70.67
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by SHAKE SHACK INC. CLASS A:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
The Central Volumes scanner detects abnormal volumes on the asset:
Abnormal volumes
Timeframe : 5 days
Abnormal volumes
Timeframe : 20 days
Technical
A technical analysis in Daily of this SHAKE SHACK INC. CLASS A chart shows a slightly bullish trend. 60.71% of the signals given by moving averages are bullish. The overall trend could accelerate as strong bullish signals from short-term moving averages are expected. An assessment of moving averages reveals a bullish signal that could impact this trend:
Bullish trend reversal : Moving Average 50
Type : Bullish
Timeframe : Daily
In fact, 16 technical indicators on 18 studied are currently bullish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : Daily
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : Daily
Previous candle closed over Bollinger bands
Type : Neutral
Timeframe : Daily
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Price is back under the pivot point
Type : Bearish
Timeframe : Daily
The analysis of the price chart with Central Patterns scanners does not return any result.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 41.21 | 55.75 | 69.15 | 70.67 | 73.39 | 84.21 | 97.04 |
| Change (%) | -41.69% | -21.11% | -2.15% | - | +3.85% | +19.16% | +37.31% |
| Change | -29.46 | -14.92 | -1.52 | - | +2.72 | +13.54 | +26.37 |
| Level | Intermediate | Intermediate | Major | - | Minor | Minor | Minor |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 66.06 | 67.56 | 68.73 | 70.23 | 71.40 | 72.90 | 74.07 |
| Camarilla | 69.18 | 69.42 | 69.67 | 69.91 | 70.16 | 70.40 | 70.64 |
| Woodie | 65.91 | 67.48 | 68.58 | 70.15 | 71.25 | 72.82 | 73.92 |
| Fibonacci | 67.56 | 68.58 | 69.21 | 70.23 | 71.25 | 71.88 | 72.90 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 49.48 | 54.32 | 62.11 | 66.95 | 74.74 | 79.58 | 87.37 |
| Camarilla | 66.44 | 67.60 | 68.75 | 69.91 | 71.07 | 72.23 | 73.38 |
| Woodie | 50.97 | 55.06 | 63.60 | 67.69 | 76.23 | 80.32 | 88.86 |
| Fibonacci | 54.32 | 59.14 | 62.12 | 66.95 | 71.77 | 74.75 | 79.58 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 51.60 | 54.54 | 57.05 | 59.99 | 62.50 | 65.44 | 67.95 |
| Camarilla | 58.07 | 58.57 | 59.07 | 59.57 | 60.07 | 60.57 | 61.07 |
| Woodie | 51.40 | 54.43 | 56.85 | 59.88 | 62.30 | 65.33 | 67.75 |
| Fibonacci | 54.54 | 56.62 | 57.91 | 59.99 | 62.07 | 63.36 | 65.44 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 71.23 | |
| MACD (12,26,9): | 1.7400 | |
| Directional Movement: | 22.99 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 65.55 | |
| Parabolic SAR (0,02-0,02-0,2): | 61.09 | |
| Elder Ray (13): | 5.06 | |
| Super Trend (3,10): | 62.11 | |
| Zig ZAG (10): | 70.60 | |
| VORTEX (21): | 1.1700 | |
| Stochastique (14,3,5): | 88.17 | |
| TEMA (21): | 68.92 | |
| Williams %R (14): | -10.60 | |
| Chande Momentum Oscillator (20): | 9.22 | |
| Repulse (5,40,3): | 2.4200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1100 | |
| Courbe Coppock: | 21.43 |
| MA7: | 66.25 | |
| MA20: | 62.61 | |
| MA50: | 61.43 | |
| MA100: | 77.42 | |
| MAexp7: | 67.10 | |
| MAexp20: | 63.98 | |
| MAexp50: | 65.69 | |
| MAexp100: | 70.11 | |
| Price / MA7: | +6.67% | |
| Price / MA20: | +12.87% | |
| Price / MA50: | +15.04% | |
| Price / MA100: | -8.72% | |
| Price / MAexp7: | +5.32% | |
| Price / MAexp20: | +10.46% | |
| Price / MAexp50: | +7.58% | |
| Price / MAexp100: | +0.80% |
News
The latest news and videos published on SHAKE SHACK INC. CLASS A at the time of the analysis were as follows:
- Thinking about buying stock in PG&E Corp, Spirit Airlines, Shake Shack, Signet Jewelers, or Visa?
- Shake Shack to Present at the 22nd Annual ICR Conference
- RPAI Announces Shake Shack As First Signed Lease At Circle East Redevelopment Project
- Shake Shack Begins Nationwide Delivery With Grubhub
- Shake Shack to Announce Third Quarter 2019 Financial Results on November 4, 2019
This member declared not having a position on this financial instrument or a related financial instrument.
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