Londinia Opportunities Analyses - 05/02/2024 (GMT) SHAKE SHACK INC. CLASS A - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	SHAK
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

72%

22%

My opinion

Bullish above 104.61 USD

My targets

109.27 USD (+2.95%)

110.90 USD (+4.48%)

My analysis

SHAKE SHACK INC. CLASS A is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 104.61 USD. The next resistance located at 109.27 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 110.90 USD. After this resistance, buyers could then target 130.76 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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

8.2

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Additional analysis

Quotes

SHAKE SHACK INC. CLASS A rating 106.14 USD. On the day, this instrument gained +2.72% with the lowest point at 101.46 USD and the highest point at 108.73 USD. The deviation from the price is +4.61% for the low point and -2.38% for the high point.

101.46

108.73

106.14

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by SHAKE SHACK INC. CLASS A:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of SHAKE SHACK INC. CLASS A in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish signals from short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 20

Type : Bullish

Timeframe : 1 hour

An assessment of technical indicators shows a strong bullish signal.
Other results related to technical indicators were also found by the Central Indicators scanner:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	99.99	102.40	104.61	106.14	106.38	109.27	110.90
Change (%)	-5.79%	-3.52%	-1.44%	-	+0.23%	+2.95%	+4.48%
Change	-6.15	-3.74	-1.53	-	+0.24	+3.13	+4.76
Level	Intermediate	Intermediate	Major	-	Major	Major	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98.15	100.31	101.82	103.98	105.49	107.65	109.16
Camarilla	102.32	102.66	102.99	103.33	103.67	104.00	104.34
Woodie	97.83	100.15	101.50	103.82	105.17	107.49	108.84
Fibonacci	100.31	101.71	102.58	103.98	105.38	106.25	107.65

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	83.72	88.33	96.60	101.21	109.48	114.09	122.36
Camarilla	101.34	102.52	103.70	104.88	106.06	107.24	108.42
Woodie	85.56	89.25	98.44	102.13	111.32	115.01	124.20
Fibonacci	88.33	93.25	96.29	101.21	106.13	109.17	114.09

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	82.32	87.62	96.74	102.04	111.16	116.46	125.58
Camarilla	101.89	103.21	104.53	105.85	107.17	108.49	109.82
Woodie	84.22	88.58	98.64	103.00	113.06	117.42	127.48
Fibonacci	87.62	93.13	96.54	102.04	107.55	110.96	116.46

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.43
MACD (12,26,9):	0.5000
Directional Movement:	11.26
AROON (14):	7.14
DEMA (21):	105.53
Parabolic SAR (0,02-0,02-0,2):	101.75
Elder Ray (13):	1.07
Super Trend (3,10):	110.98
Zig ZAG (10):	106.16
VORTEX (21):	1.0200
Stochastique (14,3,5):	58.23
TEMA (21):	105.13
Williams %R (14):	-33.43
Chande Momentum Oscillator (20):	2.53
Repulse (5,40,3):	1.1500
ROCnROLL:	1
TRIX (15,9):	0.0600
Courbe Coppock:	0.40

MA7:	103.87
MA20:	99.90
MA50:	102.06
MA100:	88.27
MAexp7:	105.31
MAexp20:	104.76
MAexp50:	103.26
MAexp100:	101.83
Price / MA7:	+2.19%
Price / MA20:	+6.25%
Price / MA50:	+4.00%
Price / MA100:	+20.24%
Price / MAexp7:	+0.79%
Price / MAexp20:	+1.32%
Price / MAexp50:	+2.79%
Price / MAexp100:	+4.23%

Quotes : - 15 min delayed data - Actions NYSE

News

The last news published on SHAKE SHACK INC. CLASS A at the time of the generation of this analysis was as follows: