Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB): Detailed technical analysis and trading indicators

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) fell by -5.45% in Wednesday’s session from $56.85 to $53.75. The price has fallen in 7 of the last 10 days and is down by -7.21% over the same course of time. Volume has increased in Wednesday’s session by 328 969 shares, but on a weak note. This is may be an early warning and the risk will be increased slightly for the next couple of days. In total, 831 561 shares was the trading volume and the dollar amount of trading equals $44.70 million.

Inside RRGB’s Recent Trend

Red Robin Gourmet Burgers, Inc. (RRGB) lies in the lower of a very wide and falling trend in the short term, and this will normally pose a very good buying opportunity. A break down through the resistance trend line at $50.79 will initially point to a quick declining speed. Short-term traders are anticipated to see a retreat of -10.10% over the course of a quarter and, with 90% chance the price will be floating in the range of $45.66 and $62.68 in this timeframe.

Red Robin Gourmet Burgers, Inc. Technical Signals

RRGB has witnessed its long term and short term MA triggering a sell signal. Many traders watch for long-term averages to cross above short-term averages to signal the beginning of a downtrend. Upon corrections, the price will meet resistance from the averages between $56.76 and $62.96. A buy signal will be generated if it crosses above any of these levels. Its pivot point high generated sell signal on Tuesday July 18, 2017, which calls for additional declines until the stock forms a new pivot point low, as this could be a buying opportunity.

Red Robin Gourmet Burgers, Inc. (NASDAQ:RRGB) Support And Resistance Levels

There is no support from accumulated volume below today’s level and given the right condition the stock may perform very badly in the next couple of days. In case of gains, the next resistance from accumulated volume will be at $59.25, $64.35 and $67.00.

Red Robin Gourmet Burgers, Inc. (RRGB) Risk Assessment

A volatility based measure Bollinger Bands suggests this stock poses high risk. In the most recent session, the stock price hovered around $4.42 between high and low, or 8.30%. The average volatility for the past week stood at 5.31%.

Red Robin Gourmet Burgers is in oversold territory based on Relative Strength Index reading (17). In some cases it takes more time for the trend to shift while the stock is being oversold and the Relative Strength Index keeps moving.


Previous ArticleNext Article

Related Post

Did Juno Therapeutics, Inc. (JUNO) Trigger A Buy S... Juno Therapeutics, Inc. (NASDAQ:JUNO) gained 18.71% in yesterday’s session, going up from its prior closing price of $30.73 to $36.48, and has now rec...
MagnaChip Semiconductor Corporation (MX) Makes An ... It is interesting to note that MagnaChip Semiconductor Corporation (NYSE:MX) is active and made a solid movement in the last trading day. Now trading ...
Analyzing the Insider Data for The Finish Line, In... Recent insider trends for The Finish Line, Inc. (NASDAQ:FINL) have caught the attention of investors. Insider data is useful because it can reveal wha...
Synchrony Financial (SYF) Forming A Pattern Of Maj... Synchrony Financial (NYSE:SYF) is on our radar right now but there could still be some opportunities on the horizon. Now trading with a market value o...
Why You Should Want To Trade Cypress Semiconductor... Cypress Semiconductor Corporation (NASDAQ:CY) trade is getting exciting but lets take a deeper look whether it is as good a moment. Now trading with a...