US2527843013 - REIT
8.6 +0.05 (+0.58%)
After market: 8.6 0 (0%)
Overall DRH gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, DRH is only an average performer.
DRH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.21, 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.
3 important support areas can be observed.
When analyzing the resistance we notice 3 important areas.
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.
|An entry @8.67. This is a Buy Stop order right above the resistance zone.||An exit @8.22. This is a Stop Loss order right below the 10 day low.||The trade has a worst case loss of 0.45 points, which is 5.19%.||When investing 19.27% of your capital in this trade, your total portfolio risk will be 1.00%.|
DIAMONDROCK HOSPITALITY CO
NYSE:DRH (12/8/2023, 7:04:00 PM)After market: 8.6 0 (0%)