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A1 Trading Advice (A) | Expected Gain 6%-7% | Naranj Capital

Short term trading signals in USA stocks

 BUY   Shake Shack (NYSE: SHAK)

Shake Shack (NYSE: SHAK) STOCK RECOMMENDATION

IdeaBUY
Buy Range97 – 99
Target105 – 106
StopLoss*below 91
Duration12-14 Trading Days
Potential Returns6% – 7%
IdeaBuy RangeTargetStopLoss*DurationPotential Returns
BUY97 – 99105 – 106below 9112-14 Trading Days6% – 7%

* Once the first target hit, reset the StopLoss at your buying price.

Our recommendations are authentic and transparent. Find this recommendation posted in Tradingview. Be assured such records are permanent and irreversible.

 Tradingview position update

Shake Shack (NYSE: SHAK) STOCK OVERVIEW

Shake Shack Inc. owns, operates, and licenses Shake Shack restaurants (Shacks) in the United States and internationally. Its Shacks offers hamburgers, chicken, hot dogs, crinkle cut fries, shakes, frozen custard, beer, wine, and other products. The company was founded in 2001 and is headquartered in New York, New York.

Stock Data
NYSE Symbol SHAK
Sectoral Index Consumer Discretionary
52 Weeks High 110.9
52 Weeks Low 52.64

Shake Shack (NYSE: SHAK) - RELATIVE STRENGTH

SHAK-RELATIVE STRENGTH

Relative Performance - Last 1 Year

Shake Shack —     NYSE —

Shake Shack (NYSE: SHAK) - DAILY TECHNICAL ANALYSIS

Shake Shack (NYSE: SHAK) - Technical Analysis (Daily)
  • In a deep consolidation phase, price has formed a Cup & Handle chart pattern.
  • After the breakout of the pattern, price started consolidating.
  • With a huge Gap Up, price again consolidated for a while.
  • A strong bullish candle has been formed at the support level which indicates the price is ready to move upside further.

Shake Shack (NYSE: SHAK) - EMA Cross

SHAK-EMA CROSS
Shake Shack (NYSE: SHAK) - EMA Cross
  • The short length exponential moving average (10 EMA) is about to cross the long length exponential moving average (20 EMA) from the below, generates bullish signal. Last day’s candle has closed above all these moving averages. This suggests buyers are taking interest in this stock.

Shake Shack (NYSE: SHAK) - OBV

Shake Shack (NYSE: SHAK) - OBV
  • The OBV line is moving in the same upward direction which means there is a positive sentiment in the market. Also the significant price up move accompanying with increasing OBV volume suggests strong buying pressure.

CONCLUSION - Shake Shack (NYSE: SHAK) STOCK PRICE FORECAST

Based on our swing trading strategies for us stocks, Shake Shack stock price target will be USD 105 – USD 106 in the next 12-14 trading sessions.

Shake Shack (NYSE: SHAK) TRADINGVIEW POSITION UPDATE

Buy Shake Shack by NaranjCapital on TradingView.com

MONEY MANAGEMENT AND TRADING RULES

1)  It’s advisable to enter/exit in the recommended range.
2)  Strictly follow the StopLoss as mentioned. Honour it.
3)  Use trailing StopLoss to retain profits.
4)  Diversify trading capital into our other trading recommendations.
5)  Risk only the money what you can afford to lose. Hedge accordingly.

Advisor / ANALYST SUMMARY

The stock trading advice is prepared by the Naranj Capital team under the guidance of Arijit Banerjee, CMT, CFTe. Arijit is a veteran trader and an active investor having in-depth knowledge of financial market research, advanced technical analysis, market cycle, algorithmic trading, and portfolio management. He is a Chartered Market Technician (CMT) accredited by CMT Association USA, the global authority of Technical Analysis and also has been honored as a Certified Financial Technician (CFTe) by the International Federation of Technical Analysts, USA.

Disclosure

The views expressed herein are based solely on information available publicly/internal data/other sources believed to be reliable, but is not necessarily all-inclusive and is not guaranteed as to accuracy. The recommendations provided herein is solely for informational purposes and are not intended to be and must not be taken alone as the basis for an investment/trading decision. Trading and investing are subject to market risk and the securities discussed and opinions expressed herein may not be suitable for all investors. To read the full disclosure, please click here.

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