BRAEMAR HOTELS & RESORTS INC (BHR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHR - US10482B1017 - REIT
Taking everything into account, BHR scores 8 out of 10 in our technical rating. Although BHR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- BHR is one of the better performing stocks in the Diversified REITs industry, it outperforms 75% of 124 stocks in the same industry.
- BHR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so BHR is lagging the market slightly.
- In the last month BHR has a been trading in the 2.77 - 3.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- Looking at the yearly performance, BHR did better than 70% of all other stocks. However, this overall performance is mostly based on the strong move around 7 months ago.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, BHR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
1.83
When analyzing the support we can see 7 important areas.
- Support @2.90 from a trend line in the daily time frame.
- A support zone ranging from 2.78 to 2.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.64 from a horizontal line in the weekly time frame.
- Support @2.56 from a horizontal line in the daily time frame.
- Support @2.50 from a horizontal line in the daily time frame.
- Support @2.40 from a trend line in the weekly time frame.
- Support @1.85 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 3.01 to 3.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | UP | POSITIVE | The long term trend for BHR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for BHR is up. |
| ChartMill Relative Strength | 70.93 | POSITIVE | BHR has a high relative strength, it outperformed 70.93% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of BHR is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of BHR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of BHR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 51.81 | NEUTRAL | The RSI value for BHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests BHR has a negative trend. |
| Stochastics (14,3) | 46.86 | NEUTRAL | The Stochastics value for BHR is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for BHR suggests some volalility. |
| Average Directional Index/ADX (14) | 22.96 | NEUTRAL | The ADX value for BHR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 3.07 | 2.89 | 0.18 (5.86%) | 17.06% |
| An entry @3.07. This is a Buy Stop order right above the resistance zone. | An exit @2.89. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.18 points, which is 5.86%. | When investing 17.06% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of BHR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
2.92
-0.06 (-2.01%)
BRAEMAR HOTELS & RESORTS INC / BHR FAQ
Can you provide the ChartMill technical rating for BRAEMAR HOTELS & RESORTS INC?
ChartMill assigns a technical rating of 8 / 10 to BHR.
What is the trend direction for BHR stock?
The current trend direction for BRAEMAR HOTELS & RESORTS INC (BHR) is Bullish.
What is the RSI signal for BRAEMAR HOTELS & RESORTS INC (BHR) stock?
BRAEMAR HOTELS & RESORTS INC (BHR) has an RSI value of 51.8063. This indicates that the stock is currently neutral.
Can you provide the MACD signal for BRAEMAR HOTELS & RESORTS INC?
The MACD indicator for BRAEMAR HOTELS & RESORTS INC (BHR) has a value of -0.00682579, indicating a bearish trend.
What is the short term momentum for BHR stock?
The short term momentum for BRAEMAR HOTELS & RESORTS INC (BHR) is positive.