APPLE HOSPITALITY REIT INC (APLE) Stock Technical Analysis
NYSE:APLE - New York Stock Exchange, Inc. - US03784Y2000 - REIT - Currency: USD
We assign a technical rating of 4 out of 10 to APLE. Recently some decent action could be observed, but in the medium term time frame this is still negative. APLE was also a bad performer in the overall market in the last year.
82% of all other stocks performed better in the past year than APLE.
APLE is one of the lesser performing stocks in the Diversified REITs industry. 66% of 130 stocks in the same industry do better.
APLE is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
APLE has an average volume of 3148480 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
APLE is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so APLE is lagging the market.
APLE has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 12.44. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 12.31, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
11.20
15.42
We found 3 important support areas.
- A support zone ranging from 12.06 to 12.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 11.79 to 11.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 11.31 to 11.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 12.44 to 12.57. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @14.69 from a horizontal line in the daily time frame.
- Resistance @15.27 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for APLE is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for APLE is up. |
| ChartMill Relative Strength | 18.14 | NEGATIVE | APLE has a low relative strength, it was outperformed by 81.86% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of APLE is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of APLE is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of APLE is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.32 | NEUTRAL | The RSI value for APLE is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests APLE has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.91 | NEUTRAL | The Stochastics value for APLE is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for APLE suggests some volalility. |
| Average Directional Index/ADX (14) | 10.43 | NEGATIVE | The low ADX value for APLE suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
12.34
+0.07 (+0.57%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.57%
1 Week-1.36%
2 Weeks1.82%
1 Month6.56%
3 Month3.87%
6 Month-17.95%
12 Month-17.35%
2 Year-20.39%
3 Year-26.02%
5 Year39.91%
10 Year-31.97%
15 YearN/A
Volatility
ATR(14)0.29
ATR(20)%2.26%
ATR Inc-30.85%
Range Today0.15
ADR(20)0.28
ADR(20)%2.24%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS18.14
Mansfield-1.85
10 Day High12.65
10 Day Low11.78
20 Day High12.65
20 Day Low11.45
52 Week High16.5
52 Week Low10.44
CS1 End12.31
CR1 Start12.44
Volume & EV
DER(3)-1.13%
DER(5)0%
Volume2.88M
Volume Incr-16.64%
Vol(5)2.92M
Vol(50)3.15M