TXRH Daily Technical Analysis
Texas Roadhouse Inc
Chain of family steakhouses known for hand-cut steaks and casual dining.
TXRH Technical Analysis Summary
TXRH exhibits a decisively bearish technical posture, highlighted by a sharp recent breakdown below key support levels and the 200-day SMA. A recently confirmed death cross further solidifies the long-term downward bias. While short-term oversold conditions could produce a minor relief rally back toward the moving averages, the dominant momentum and market structure favor sellers until overhead resistance is decisively reclaimed.
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TXRH Daily Chart
Sentiment
Short-term Sentiment (days to weeks): Bearish
Price has suffered a steep decline on elevated volume, breaking well below all major moving averages. The MACD line is below the signal line with an expanding negative histogram, confirming strong downward momentum, despite a minor bounce from near-oversold RSI levels.
Long-term Sentiment (weeks to months): Bearish
The chart displays a classic 'death cross' with the 50-day SMA crossing below the 200-day SMA. Furthermore, price action is forming a broader sequence of lower highs and lower lows, indicating a structural shift to a longer-term downtrend.
Report Metadata
- Timeframe: daily
- Generated at: 2026-03-09T21:05:12.102Z
- Model: gemini-3.1-pro-preview
Support Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $164.75 | $164.00 - $165.50 | Strong | The immediate swing low established during the recent capitulation candle. |
| $157.00 | $156.00 - $158.00 | Weak | Historical swing low support region from the large dip seen earlier in the visible chart period. |
Resistance Price Levels
| Level | Range | Strength | Notes |
|---|---|---|---|
| $177.75 | $177.00 - $178.50 | Strong | Overhead resistance zone marked by the relatively flat 200-day SMA. |
| $181.50 | $180.50 - $182.50 | Strong | Confluence of the declining 20-day and 50-day SMAs, acting as dynamic resistance. |
Potential Chart Patterns in Formation
| Strength | Pattern | Signal | Target | Details |
|---|---|---|---|---|
| Strong | Death Cross | Bearish | N/A | The 50-day simple moving average has crossed below the 200-day simple moving average, signaling a bearish shift in long-term momentum. |
| Weak | Oversold Bounce | Bullish | $177.50 | Price sharply pierced the lower Bollinger Band and RSI dropped near 30 before ticking upward, suggesting a potential short-term mean-reversion rally. |
Frequently Asked Questions about TXRH
What is the current sentiment for TXRH?
The short-term sentiment for TXRH is currently Bearish because Price has suffered a steep decline on elevated volume, breaking well below all major moving averages. The MACD line is below the signal line with an expanding negative histogram, confirming strong downward momentum, despite a minor bounce from near-oversold RSI levels.. The long-term trend is classified as Bearish.
What are the key support levels for TXRH?
StockDips.AI has identified key support levels for TXRH at $164.75 and $157.00. These levels may represent potential accumulation zones where buying interest could emerge.
Is TXRH in a significant dip or a Value Dip right now?
TXRH has a Value Score of 40/100. It is not currently flagged as a significant dip in the Top Dips list. It is not listed as a Value Dip because the long-term sentiment or value-score threshold does not qualify.
View the full interactive analysis on StockDips.AI.