FWRG· Consumer Discretionary› Restaurants

First Watch Restaurant Group, Inc.

Stage 4 · Declining · week 6

As of Oct 22, 2026, First Watch Restaurant Group is in Stage 4, the downtrend phase, now in week 6 (since Sep 17, 2026). It closed at $11.56, 38.0% below its 52-week high and below its 200-day average, which is falling.

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. More about the company

$11.56

+3.86% today

$713M · Small cap

Market Neutral — Building

Pro read

Pro

Our read

Declining, below its long-term trend

Setup score

—

Momentum

Accelerating ⇈

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 21w

S4 19w

S4 25w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S2 8w → S3 9w → S2 21w → S3 7w → S4 19w → S1 7w → S2 11w → S3 7w → S4 12w → S1 8w → S4 10w → S1 1w → S2 2w → S1 1w → S4 25w → S1 11w → S4 5w current

Total tracked: 165 weeks across 17 stage runs.

FWRG among Restaurants40th of 54 by relative strength

All 54 →

Stocks in Restaurants ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	CAKEThe Cheesecake Factory Incorporated	Stage 2 · wk 20	95	+7.7%
2	NDLSNoodles & Company Class A	Stage 3 · wk 2	95	−9.0%
3	CBRLCracker Barrel Old Country Store, Inc.	Stage 2 · wk 1	93	+42.2%
4	BJRIBJ's Restaurants, Inc.	Stage 3 · wk 4	93	−4.5%
5	LOCOEl Pollo Loco Holdings, Inc.	Stage 3 · wk 6	89	+5.3%
6	BDLFlanigan's Enterprises, Inc.	Stage 2 · wk 19	87	+11.1%
7	EATBrinker International, Inc.	Stage 3 · wk 1	83	−9.8%
8	RRGBRed Robin Gourmet Burgers, Inc.	Stage 2 · wk 17	79	+12.7%
…40	FWRGFirst Watch Restaurant Group, Inc.	Stage 4 · wk 6	30	+13.3%

vs 52W High

-38.0%

$10.11 lo$18.66 hi

38.0% below 52W high, deep Stage 4 damage

In Stage 4, distance from the 52-week high reflects an ongoing decline, not a discount.

Stage Maturity

Week 6

1w13w26w

Week 6, early Stage 4 decline

How long this stock has been in Stage 4 decline. The longer the downtrend, the more entrenched the selling pressure. No length of decline marks a bottom on its own.

vs 200 DMA

-8.0%

200 DMA: $12.56 · sloping down

In Stage 4, the stock is below its 200-day average, the hallmark of a downtrend. Stage analysis waits for that to reverse before buying.

Rel Volume

1.01x

vs 50-day avg

High volume on down days in Stage 4 confirms institutional selling. Low-volume bounces are typical. They lack real buyers and are easy to mistake for reversals.

Trend Health

↑ ⇈

Short-term trend rising strongly, and accelerating

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+13.3%

-4.6%

-12.6%

YTD

-24.8%

-37.1%

Scan Membership

Breakout Watch

Latest: 2024-12-30

5 appearances in last 60 days. First seen: 2022-08-19.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S4

Wk 6 · Vol 1.01x

2026-10-21S4

Wk 5 · Vol 1.12x

2026-10-20S4

Wk 5 · Vol 0.71x

2026-10-19S4

Wk 5 · Vol 0.89x

2026-10-16S4

Wk 5 · Vol 1.46x

2026-10-15S4

Wk 5 · Vol 1.55x

2026-10-14S4

Wk 4 · Vol 1.29x

2026-10-13S4

Wk 4 · Vol 1.83x

2026-10-12S4

Wk 4 · Vol 1.07x

2026-10-09S4

Wk 4 · Vol 1.19x

2026-10-08S4

Wk 4 · Vol 2.40x

2026-10-07S4

Wk 3 · Vol 1.47x

Moving averages & range

50 DMA

$11.48

200 DMA

$12.56

52W High

$18.66

52W Low

$10.11

5D Low

$11.13

Resistance levels (recent highs)

20d High

$12.36

60d High

$13.34

120d High

$13.34

250d High

$18.56

Next resistance

+6.9%

to 20d High

P/E (TTM)

41.3

Forward 48.7

Earnings Growth (YoY)

+26.4%

Revenue +15.2%

ROE

+2.9%

Profit margin +1.4%

Dividend Yield

0.00%

P/B 1.1

First Watch Restaurant Group: quick answers

What stage is First Watch Restaurant Group in?

As of Oct 22, 2026, First Watch Restaurant Group (FWRG) is in Stage 4, the downtrend phase. It entered Stage 4 on Sep 17, 2026 and is in week 6. What the four stages mean

Is First Watch Restaurant Group in an uptrend?

No. First Watch Restaurant Group is in a Stage 4 downtrend. It trades 8.0% below its 200-day average, which is falling.

How far is First Watch Restaurant Group from its 52-week high?

First Watch Restaurant Group closed at $11.56 on Oct 22, 2026, 38.0% below its 52-week high of $18.66. Its 52-week low is $10.11.

How has First Watch Restaurant Group performed over the past year?

As of Oct 22, 2026, First Watch Restaurant Group is down 37.1% over the past year and down 24.8% so far in 2026.

Which sector and industry is First Watch Restaurant Group in?

First Watch Restaurant Group is in the Restaurants industry, part of the Consumer Discretionary sector.

About this companyConsumer Discretionary· Restaurants

First Watch Restaurant Group, Inc., through its subsidiaries, operates and franchises restaurants under the First Watch trade name in the United States. The company was formerly known as AI Fresh Super Holdco, Inc. and changed its name to First Watch Restaurant Group, Inc. in December 2019. First Watch Restaurant Group, Inc. was founded in 1983 and is based in Bradenton, Florida.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.