Technical Signals Point to a Possible Breakout for HILTON WORLDWIDE HOLDINGS IN.

HILTON WORLDWIDE HOLDINGS IN (NYSE:HLT) has been identified as a Technical Breakout Setup Pattern by our stock screener. This pattern typically occurs when a stock takes a pause after a significant rise, indicating the possibility of a continuation in the trend. While it's impossible to predict with certainty, it might be beneficial to monitor NYSE:HLT.

Deciphering the Technical Picture of NYSE:HLT

Every day ChartMill assigns a Technical Rating to every stock. The score ranges from 0 to 10 and is determined by evaluating multiple technical indicators and properties.

Overall HLT gets a technical rating of 8 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HLT is showing a nice and steady performance.

• The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
• Looking at the yearly performance, HLT did better than 83% of all other stocks. On top of that, HLT also shows a nice and consistent pattern of rising prices.
• HLT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 77% of 140 stocks in the same industry.
• HLT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so HLT is leading the market.
• In the last month HLT has a been trading in the 146.00 - 155.73 range, which is quite wide. It is currently trading near the high of this range.

Check the latest full technical report of HLT for a complete technical analysis.

Why is NYSE:HLT a setup?

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the level of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:HLT has a 9 as its setup rating, indicating its current consolidation status.

Besides having an excellent technical rating, HLT also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 154.85. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 152.03, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.

Trading breakout setups.

A breakout could materialize when the stock breaks out to new highs above the current consolidation zone. One could wait for this to happen and buy when this happens. A stop loss could be placed below the consolidation zone.

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents technical observations generated by automated analysis but does not guarantee any trading outcomes. Always trade responsibly and make independent judgments.

Every day, new breakout setups can be found on ChartMill in our Breakout screener.

Disclaimer

This article should in no way be interpreted as advice in any way. The article is based on the observed metrics at the time of writing, but you should always make your own analysis and trade or invest at your own responsibility.