Trend Tracker for Cheesecake Factory CAKE

Source: Stock Traders Daily

Longer Term Trading Plans for CAKE
  • Buy CAKE over 26.37 target 29.96 stop loss @ 26.29 Details
  • The technical summary data tells us to buy CAKE near 26.37 with an upside target of 29.96. This data also tells us to set a stop loss @ 26.29 to protect against excessive loss in case the stock begins to move against the trade. 26.37 is the first level of support below 29.39 , and by rule, any test of support is a buy signal. In this case, support 26.37 would be being tested, so a buy signal would exist.

  • Short CAKE under 29.96, target 26.37, stop loss @ 30.05 Details
  • The technical summary data is suggesting a short of CAKE as it gets near 29.96 with a downside target of 26.37. We should have a stop loss in place at 30.05though. 29.96 is the first level of resistance above 29.39, and by rule, any test of resistance is a short signal. In this case, if resistance 29.96 is being tested, so a short signal would exist.

Swing Trading Plans for CAKE
  • Buy CAKE over n/a, target n/a, Stop Loss @ 0 Details
  • If n/a begins to break higher, the technical summary data tells us to buy CAKE just over n/a, with an upside target of n/a. The data also tells us to set a stop loss @ 0 in case the stock turns against the trade. n/a is the first level of resistance above 29.39, and by rule, any break above resistance is a buy signal. In this case, n/a, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CAKE near n/a, target n/a, Stop Loss @ 0. Details
  • The technical summary data is suggesting a short of CAKE if it tests n/a with a downside target of n/a. We should have a stop loss in place at 0 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, n/a, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for CAKE
  • Buy CAKE over 29.48, target 29.96, Stop Loss @ 29.41 Details
  • If 29.48 begins to break higher, the technical summary data tells us to buy CAKE just over 29.48, with an upside target of 29.96. The data also tells us to set a stop loss @ 29.41 in case the stock turns against the trade. 29.48 is the first level of resistance above 29.39, and by rule, any break above resistance is a buy signal. In this case, 29.48, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

  • Short CAKE near 29.48, target 28.82, Stop Loss @ 29.55. Details
  • The technical summary data is suggesting a short of CAKE if it tests 29.48 with a downside target of 28.82. We should have a stop loss in place at 29.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 29.48, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

CAKE Ratings for August 06:

Term →Near Mid Long
Rating Strong Strong Weak
P1 0 0 26.37
P2 29.48 28.82 29.96
P3 30.79 30.34 33.97

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CAKE Long Term Analysis for August 6 2022


CAKE Day Trading Analysis for August 6 2022

The data for Cheesecake Factory (NASDAQ: CAKE) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for CAKE change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if CAKE is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

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