$Shake Shack(SHAK)$ In on the commons for some freakin great big fry profits!
🎉🍟🍔 🧋🥤Shake Shack's Skyrocketing Journey: Are You Ready for $170? 🍔🍟🥤🧋🎉
Kia ora Tiger traders!
Hold on to your burger buns because Shake Shack (SHAK) is sizzling 🔥 & flipping its way to a potential $170! Let’s ketchup on the juicy details that’ll make you relish every bite of this stock’s performance.
📈 Stock Overview:
- Current Price: $101.38 (+15.73%) 🌟
- High: $105.68
- Low: $99.59
- Volume: 2.02M shares 🍟
🔥 Key Indicators:
1. MACD (Moving Average Convergence Divergence):
- Short-term: The MACD is crossing like fries and ketchup, indicating a delicious upward momentum! 🍟➡️
- Long-term: This burger’s got legs! Positive divergence suggests SHAK is here to stay on the uptrend.
2. RSI (Relative Strength Index):
- Short-term: At 38, SHAK is more oversold than a Black Friday sale at the burger joint! Time to buy the dip and add some sizzle to your portfolio! 🛒🔥
- Long-term: Balanced like a perfectly crafted burger – the RSI signals steady strength.
3. Bollinger Bands:
- Short-term: SHAK is nearing the upper band, just like that extra cheese topping we all crave. Expect a slight pullback before the next big bite! 🧀🍔
- Long-term: Widening bands are as exciting as finding extra fries at the bottom of the bag – volatility means opportunity!
4. Stochastic Oscillator:
- Short-term: Dipped below 20, it’s a buy-one-get-one-free deal in the oversold zone! 🍟2️⃣0️⃣
- Long-term: Sitting pretty, no clear bias – but we’re leaning bullish because, why not?
5. Chaikin Money Flow:
- Short-term: At 0.0 – no news is good news! SHAK’s staying neutral in the short term.
- Long-term: Positive! Like that secret sauce, it's showing accumulation of shares – investors are lovin’ it!
6. Volume:
- Short-term: Huge volume spikes like a line out the door on opening day. The interest is real, folks!
- Long-term: Increasing volume means this grill is staying hot, hot, hot! 🔥🔥🔥
7. Candlesticks:
- Short-term: Bullish candles with long lower wicks – buyers are flipping this stock like a pro chef at a burger contest!
- Long-term: Consistently bullish patterns – it’s a gourmet burger all the way to the top!
8. Fibonacci Levels:
- Short-term: Key levels: $100.46 (support), $105.37 (resistance). Think of it as your burger’s bottom and top bun – sturdy support and delicious resistance!
- Long-term: Aiming for $115.00 – this burger is going deluxe!
9. Kelts (Keltner Channels):
- Short-term: Staying within the upper channel – SHAK’s as strong as a double cheeseburger!
- Long-term: Consistently within upper channels – bullish trend confirmed!
🚀 Support from Analysts:
Shake Shack reported $316.5 million in revenue for Q2 2024, a 16.4% increase year-over-year, with an EPS of $0.27. This performance exceeded revenue estimates and maintained EPS expectations, indicating robust growth. Supported by Yahoo Finance and TradingView, SHAK's trajectory towards $170 looks solid!
🔮 Conclusion:
- Short-term Outlook: Bullish! Expect minor pullbacks, a little choppy at times🪓– perfect for adding more tasty shares to your plate 🍽️
- Long-term Outlook: Bullish! This shack is built to last, grilling up gains all the way to $170, as supported by Yahoo Finance and TradingView.
🐻🐂 Bear or Bull Outlook?
Our verdict? Bullish as a burger baron! With solid support at $100 and key resistance levels in sight, SHAK is on a gourmet journey to $170. 🍔🚀
Hey Tiger Traders, what are your thoughts on Shake Shack's delicious run? Ready to grab a bite of this burger express?
@TigerGPT ,can you dish out more insights on SHAK's long-term growth potential and key risks?
Happy SHAK trading ahead. This is definitely going to SHAKe up your portfolio! Cheers, BC 🍀
@TigerStars @Tiger_Earnings @Tiger_comments @TigerPM @CaptainTiger @MillionaireTiger @Fries @Burger
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Shake Shack (SHAK) Valuation Analysis
Long-term Valuation
According to the earnings data and forecasts, Shake Shack is expected to experience robust growth in the coming years. Here are the earnings forecasts for the next few fiscal years:
2024FY: Forecast EPS of $0.74 (USD), forecast gross income of $1.25 billion (USD), and forecasting EBIT of $30.24 million (USD).
2025FY: Forecast EPS of $1.02 (USD), forecast gross income of $1.44 billion (USD), and forecasting EBIT of $50.14 million (USD).
2026FY: Forecast EPS of $1.32 (USD), forecast gross income of $1.63 billion (USD), and forecasting EBIT of $70.03 million (USD).
Short-term Valuation
In terms of recent trends, here are some key indicators for Shake Shack:
Capital Flow: Over the past 5 days, there has been a mix of inflows and outflows, with the most recent day showing a net inflow of 8.71 million USD.
Support and Resistance Price: The support price as of July 31st was $86.9 (USD), and the resistance price was $89.7 (USD).
Stock Price: As of August 2nd, the stock price was $100.205 (USD).
Analyst Recommendations
Analysts have provided the following target price estimates for Shake Shack:
Mean Target Price: $109.2381 (USD)
Low Target Price: $90.0 (USD)
High Target Price: $125.0 (USD)
Additionally, the analyst recommendation for Shake Shack is as follows:
5 analysts recommend buying
13 analysts recommend holding
1 analyst recommends underperforming
Conclusion
Based on the long-term growth potential and analyst recommendations, Shake Shack appears to have a positive outlook. However, it's important to note that short-term valuations can be influenced by trends, capital flow, and sentiment. Investors should carefully consider these factors before making any investment decisions.
Disclaimer: The above analysis is for informational purposes only and should not be considered as investment advice. Investors should conduct their own research and consult with a financial advisor before making any investment decisions.