DIAMONDROCK HOSPITALITY CO (DRH) Technical Analysis
NASDAQ:DRH • US2527843013
We assign a technical rating of 6 out of 10 to DRH. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
- In the last month DRH has a been trading in the 9.20 - 10.67 range, which is quite wide. It is currently trading near the lows of this range.
- When comparing the yearly performance of all stocks, we notice that DRH is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by DRH over the past year are nicely spread over this period.
- DRH is part of the Diversified REITs industry. There are 123 other stocks in this industry. DRH outperforms 75% of them.
- DRH 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 DRH is lagging the market slightly.
- DRH has an average volume of 2794590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
DRH has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 9.57, a Stop Loss order could be placed below this zone.
More info and screens
7.40
4 important support areas can be observed.
- A support zone ranging from 9.34 to 9.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.96 from a horizontal line in the daily time frame.
- Support @7.97 from a trend line in the weekly time frame.
- Support @7.47 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for DRH is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DRH is down. |
| ChartMill Relative Strength | 72.72 | POSITIVE | DRH has a high relative strength, it outperformed 72.72% off all stocks 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) | UP | POSITIVE | The current price of DRH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DRH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.42 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests DRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.22 | NEUTRAL | The Stochastics value for DRH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.36 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 19.49 | NEGATIVE | The low ADX value for DRH 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 |
|---|---|---|---|
| 9.84 | 9.33 | 0.51 (5.20%) | 19.22% |
| An entry @9.84. This is a Buy Stop order right above the 10 day moving average. | An exit @9.33. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.51 points, which is 5.20%. | For a 1.00% total portfolio risk, you can invest 19.22% 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.
DRH Technicals: Chart, Performance Metrics, Trend & Indicators
9.58
+0.06 (+0.63%)
DIAMONDROCK HOSPITALITY CO / DRH FAQ
What is the ChartMill technical rating of DIAMONDROCK HOSPITALITY CO (DRH) stock?
ChartMill assigns a technical rating of 6 / 10 to DRH.
What is the trend direction for DRH stock?
The current trend direction for DIAMONDROCK HOSPITALITY CO (DRH) is Bullish.
What is the RSI signal for DRH stock?
DIAMONDROCK HOSPITALITY CO (DRH) has an RSI value of 45.4187. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DIAMONDROCK HOSPITALITY CO?
The MACD indicator for DIAMONDROCK HOSPITALITY CO (DRH) has a value of -0.082547, indicating a bearish trend.
Can you provide the support and resistance levels for DIAMONDROCK HOSPITALITY CO?
DIAMONDROCK HOSPITALITY CO (DRH) has a support level at 9.57. Check the full technical report for our detailed analysis of DRH support and resistance levels.