DIAMONDROCK HOSPITALITY CO (DRH) Stock Technical Analysis
NYSE:DRH - New York Stock Exchange, Inc. - US2527843013 - REIT - Currency: USD
We assign a technical rating of 2 out of 10 to DRH. DRH's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
When comparing the yearly performance of all stocks, DRH is a bad performer in the overall market: 69% of all stocks are doing better.
In the last month DRH has a been trading in the 7.65 - 8.32 range, which is quite wide. It is currently trading near the lows of this range.
DRH has an average volume of 2934650 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
DRH is part of the Diversified REITs industry. There are 130 other stocks in this industry, DRH did better than 61% of them.
DRH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DRH is lagging the market.
The technical rating of DRH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
7.63
9.75
When analyzing the support we notice one important area.
- Support @7.71 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 8.14 to 8.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @9.65 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for DRH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRH is neutral. |
| ChartMill Relative Strength | 31.11 | NEUTRAL | DRH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DRH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DRH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of DRH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 41.47 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests DRH has a negative trend. |
| Stochastics (14,3) | 16.75 | OVERSOLD | The low Stochastics value suggests DRH may be oversold. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 13.84 | NEGATIVE | The low ADX value for DRH 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)
7.72
-0.09 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg-1.15%
1 Week-4.22%
2 Weeks-2.53%
1 Month-3.26%
3 Month1.31%
6 Month-12.07%
12 Month-4.57%
2 Year-9.18%
3 Year-16.81%
5 Year67.1%
10 Year-38.78%
15 Year-16.81%
Volatility
ATR(14)0.18
ATR(20)%2.32%
ATR Inc44.47%
Range Today0.18
ADR(20)0.18
ADR(20)%2.32%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS31.11
Mansfield-1.47
10 Day High8.32
10 Day Low7.65
20 Day High8.32
20 Day Low7.65
52 Week High10
52 Week Low6.19
CS1 End7.71
CR1 Start8.14
Volume & EV
DER(3)2.78%
DER(5)4.23%
Volume3.24M
Volume Incr-9.8%
Vol(5)2.72M
Vol(50)2.93M