BJ's Restaurants stock: RSI overbought, Bollinger Bands narrowing on 15min chart.

BJ's Restaurants' 15-minute chart has triggered a technical indicator, indicating that the stock price has risen too rapidly and is now above its fundamental support level. This is reflected in the narrowing of the Bollinger Bands and the RSI reading of overbought. The magnitude of the stock price fluctuations has decreased, suggesting a possible reversal in trend.

BJ's Restaurants Inc. (BJRI) has seen its stock price rise rapidly in recent days, triggering technical indicators that suggest the stock may be overvalued. The 15-minute chart has shown a narrowing of the Bollinger Bands and a Relative Strength Index (RSI) reading of over 70, indicating that the stock price has risen too quickly and is now above its fundamental support level. This is a signal that the stock may be due for a correction.

The Bollinger Bands, which measure volatility, have narrowed significantly, suggesting that the magnitude of price fluctuations has decreased. This could indicate a possible reversal in trend. Additionally, the RSI reading of over 70 suggests that the stock is overbought, meaning that it has risen too quickly and may be due for a pullback.

The technical signals are supported by the stock's recent performance. On Tuesday, August 12, 2025, BJRI gained 1.87% to close at $34.33, rising from a day low of $33.94 to a day high of $34.73. However, the stock has been volatile, with a -5.48% loss over the past two weeks. The increased volume on Tuesday is a positive sign, but the overall trend remains uncertain.

The stock is currently trading at $34.33, with a predicted fair opening price of $34.33 for Wednesday, August 13, 2025. The expected trading range for the day is between $33.66 and $35.00, with a possible move of up to 3.97% during the day.

References:
[1] https://stockinvest.us/stock/BJRI
[2] https://www.forbes.com/companies/bjs-restaurants/