No doubt, Cracker Barrel Old Country Store (CBRL) is a welcome sign post along many roads to many travelers. However, I am focused on the charts of the company and not on the menu and gift shop, before their quarterly earnings release on Tuesday.
Let's check the charts and indicators.
In this daily bar chart of CBRL, below, we can see that the shares have declined in an up and down manner since last June (unfortunately the "down" got the upper hand). Prices are trading below the declining 50-day moving average line and the underside of the declining 200-day moving average line has acted as resistance several times in the past year.
The On-Balance-Volume OBV) line has been in a decline too and tells us that sellers of CBRL have been more aggressive than buyers. The Moving Average Convergence Divergence (MACD) oscillator is bearish but we can see a recent cover shorts buy signal.