BRAEMAR HOTELS & RESORTS INC (BHR) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:BHR - US10482B1017 - REIT
Taking everything into account, BHR scores 7 out of 10 in our technical rating. Although BHR is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, BHR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 2.99. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 2.73, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for BHR in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- 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.
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We found 5 important support areas.
- A support zone ranging from 2.65 to 2.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 2.47 to 2.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @2.35 from a trend line in the weekly time frame.
- Support @2.30 from a trend line in the daily 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 2.99 to 3.04. 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 | 30.69 | NEUTRAL | BHR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of BHR is above 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) | DOWN | MIXED | The current price of BHR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 58.23 | NEUTRAL | The RSI value for BHR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests BHR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 75.72 | NEUTRAL | The Stochastics value for BHR is a neutral value. |
| Average True Range in percent/ATR (20) | 3.78 | MEDIUM VOLATILITY | The ATR as a percentage value for BHR suggests some volalility. |
| Average Directional Index/ADX (14) | 15.26 | NEGATIVE | The low ADX value for BHR suggests a weak or negative 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 |
|---|---|---|---|
| 3.05 | 2.64 | 0.41 (13.44%) | 7.44% |
| An entry @3.05. This is a Buy Stop order right above the resistance zone. | An exit @2.64. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.41 points, which is 13.44%. | For a 1.00% total portfolio risk, you can invest 7.44% of your capital in this trade. |
- 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.
2.88
+0.09 (+3.23%)
BRAEMAR HOTELS & RESORTS INC / BHR FAQ
Can you provide the ChartMill technical rating for BRAEMAR HOTELS & RESORTS INC?
ChartMill assigns a technical rating of 7 / 10 to BHR.
Can you provide the trend direction for BRAEMAR HOTELS & RESORTS INC?
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 58.2262. This indicates that the stock is currently neutral.
Can you provide the short term momentum for BRAEMAR HOTELS & RESORTS INC?
The short term momentum for BRAEMAR HOTELS & RESORTS INC (BHR) is positive.
Can you provide the buy/sell signal for BRAEMAR HOTELS & RESORTS INC?
The buy/sell signal for BRAEMAR HOTELS & RESORTS INC (BHR) is buy as both the short term and long term trends are positive.