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. In the past year, DRH was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, DRH is a bad performer in the overall market: 70% of all stocks are doing better.
DRH has an average volume of 2985380 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DRH is part of the Diversified REITs industry. There are 130 other stocks in this industry, DRH did better than 44% 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.
In the last month DRH has a been trading in the 7.39 - 7.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, DRH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 7.71, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for DRH 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.
More info and screens
7.34
9.75
We found 1 important support area.
- A support zone ranging from 7.41 to 7.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
5 important resistance areas can be observed.
- Resistance @7.83 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 7.99 to 8.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @8.73 from a horizontal line in the daily time frame.
- Resistance @9.10 from a horizontal line in the daily time frame.
- 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 | DOWN | NEGATIVE | The long term trend for DRH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRH is neutral. |
| ChartMill Relative Strength | 30.04 | NEUTRAL | DRH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DRH is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of DRH is above the rising 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) | 55.8 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests DRH has a positive trend. |
| Stochastics (14,3) | 57.61 | NEUTRAL | The Stochastics value for DRH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.26 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 8.16 | 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)
7.78
+0.03 (+0.39%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.39%
1 Week2.1%
2 Weeks0.52%
1 Month1.43%
3 Month1.83%
6 Month-15.53%
12 Month-7.93%
2 Year-2.87%
3 Year-5.24%
5 Year40.69%
10 Year-39.27%
15 Year-5.35%
Volatility
ATR(14)0.17
ATR(20)%2.26%
ATR Inc-23.28%
Range Today0.13
ADR(20)0.17
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.04
Mansfield-1.31
10 Day High7.84
10 Day Low7.44
20 Day High7.93
20 Day Low7.4
52 Week High10
52 Week Low6.19
CS1 End7.71
CR1 Start7.83
Volume & EV
DER(3)3.11%
DER(5)1.63%
Volume6.76M
Volume Incr34.79%
Vol(5)3.89M
Vol(50)2.99M