Cheesecake Factory Inc (CAKE): Price Now Near $45.04; Daily Chart Shows Downtrend on 100 Day Basis

The Hourly View for CAKE

Currently, CAKE (Get Ratings)’s price is up $0.79 (1.79%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 and 200 hour moving averages, resulting in them so that price is now turning above them. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Restaraunts Hotels Motels stocks, CAKE ranks 25th in regards to today’s price percentage change.

CAKE’s Technical Outlook on the Daily Chart

Currently, CAKE’s price is up $0.44 (0.99%) from the day prior. CAKE has seen its price go down 4 out of the past 5 days, thus creating some compelling opportunities for bears. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 day moving average, resulting in them so that price is now turning above it. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Cheesecake Factory Inc’s price action over the past 90 days can be seen via the chart below.

CAKE

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CAKE: Daily RSI Analysis

  • CAKE’s RSI now stands at 30.7692.
  • CAKE and RSI may be exhibiting divergent trends. This may be something to monitor.

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