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

 BUY   Shake Shack (NYSE: SHAK)

Shake Shack (NYSE: SHAK) STOCK RECOMMENDATION

Idea BUY
Buy Range 97 – 99
Target 105 – 106
StopLoss* below 91
Duration 12-14 Trading Days
Potential Returns 6 – 7%
Idea Buy Range Target StopLoss* Duration Potential Returns
BUY 97 – 99 105 – 106 below 91 12-14 Trading Days 6 – 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 and Social Media. Be assured such records are permanent and irreversible.

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 stock trading advice in USA, 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

Follow Shake Shack (NYSE: SHAK) TRADING ADVICE On Social Media

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.

Enjoy this recommendation?
Share with your friends

Your return could be more

PROFITABLE!

access our premium recommendations

🇺🇸  A1 Trading Advice

USA Stock Markets NYSE & NASDAQ

Navigate the market like a pro with expert trading signals at your fingertips. Unlock valuable insights and stay ahead of the game.

Pricing

Pricing (in USD)

Email Newsletter

Get Free Saudi Stock Trading Advice

We respect your privacy.

For Any Queries, Call or Whatsapp +91-8335058282

You cannot copy content of this page