"Swing Trader's Delight: EAT's 14.9% Surge Across Diverse Sectors, Bollinger Breakout
Riding on an upward trend, EAT has emerged as a beacon for swing traders who appreciate the blend of consumer, energy, and financial sectors in its diversified portfolio. The resilience of this diversified combination has recently culminated in generating a substantial return of 14.9%, reflecting the strategic strength of EAT's investment approach.
EAT has proved its robust standing by breaching its lower Bollinger Band on June 23, 2023, indicative of a potential price escalation. The Bollinger Bands, a fundamental tool in technical analysis, represent volatility levels in the market and assist in identifying potential buy and sell signals. When a stock breaks through its lower band, it is often seen as an indicator of an impending upward price movement.
In line with this pattern, EAT's price is expected to surge, making a swift comeback above the lower band, and likely advancing towards the middle band. This creates an opportune moment for traders to contemplate purchasing the stock or exploring call options.
Historically, EAT has demonstrated an impressive track record, with its price escalating post a lower Bollinger Band breach in 30 out of 39 instances. This represents a success rate of 77%, which is a compelling figure, especially for swing traders looking for short-term gains.
This phenomenon of EAT's price rallying after piercing its lower Bollinger Band suggests a strong probability of an enduring upward trend. Investors and traders alike who are adept at identifying such market patterns can utilize this information to potentially secure beneficial positions in EAT.
EAT's diversified blend across consumer, energy, and financial sectors is proving its mettle in a dynamic market environment. The recent breach of the lower Bollinger Band and the promising 77% chance of continued upward trajectory present a valuable opportunity for swing traders. As EAT strides forward, the return yield of 14.9% is a testament to the potency of the diversified strategy it encapsulates.
EAT's RSI Oscillator recovers from oversold territory
The RSI Indicator for EAT moved out of oversold territory on September 27, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 17 similar instances when the indicator left oversold territory. In of the 17 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 3 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
The Moving Average Convergence Divergence (MACD) for EAT just turned positive on September 28, 2023. Looking at past instances where EAT's MACD turned positive, the stock continued to rise in of 48 cases over the following month. The odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where EAT advanced for three days, in of 305 cases, the price rose further within the following month. The odds of a continued upward trend are .
EAT may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on September 22, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on EAT as a result. In of 94 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The 50-day moving average for EAT moved below the 200-day moving average on August 28, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where EAT declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for EAT entered a downward trend on September 28, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (0.000) is normal, around the industry mean (9.275). P/E Ratio (12.920) is within average values for comparable stocks, (199.861). EAT's Projected Growth (PEG Ratio) (0.000) is very low in comparison to the industry average of (1.473). EAT has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.033). P/S Ratio (0.321) is also within normal values, averaging (3.447).
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. EAT’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. EAT’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 84, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of full service restaurants
Industry Restaurants
EAT and
Correlation & Price change
A.I.dvisor indicates that over the last year, EAT has been closely correlated with CAKE. These tickers have moved in lockstep 69% of the time. This A.I.-generated data suggests there is a high statistical probability that if EAT jumps, then CAKE could also see price increases.
| Ticker / NAME | Correlation To EAT | 1D Price Change % | ||
|---|---|---|---|---|
| EAT | 100% | +5.43% | ||
| CAKE - EAT | 69% Closely correlated | +3.78% | ||
| CBRL - EAT | 63% Loosely correlated | +4.65% | ||
| BJRI - EAT | 61% Loosely correlated | +3.68% | ||
| DRI - EAT | 61% Loosely correlated | +1.18% | ||
| BLMN - EAT | 61% Loosely correlated | +2.46% | ||
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