We assign a technical rating of 6 out of 10 to DRH. 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.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- DRH is currently trading in the upper part of its 52 week range, while the S&P500 Index is trading in the lower part of its yearly range. So DRH is doing quite good in this market.
- In the last month DRH has a been trading in the 8.94 - 9.82 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- DRH has an average volume of 2822040 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- When comparing the performance of all stocks over the past year, DRH turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- DRH is part of the Diversified REITs industry. There are 124 other stocks in this industry, DRH did better than 66% of them.
DRH has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 9.13, a Stop Loss order could be placed below this zone.
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7.35
When analyzing the support we can see 5 important areas.
- A support zone ranging from 8.95 to 9.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.74 from a horizontal line in the weekly time frame.
- Support @7.86 from a trend line in the weekly time frame.
- Support @7.57 from a horizontal line in the weekly time frame.
- Support @7.42 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.48 to 9.65. 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 DRH is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for DRH is neutral. |
| ChartMill Relative Strength | 52.15 | NEUTRAL | DRH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of DRH is below 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) | UP | POSITIVE | The current price of DRH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.37 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests DRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 22.68 | NEUTRAL | The Stochastics value for DRH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.79 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 14.21 | 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 |
|---|---|---|---|
| 9.32 | 9.01 | 0.31 (3.37%) | 25.00% |
| An entry @9.32. This is a Buy Stop order right above the 10 day moving average. | An exit @9.01. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.31 points, which is 3.37%. | For a 0.84% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of DRH. Please evaluate whether better entry and exit points can be found.
- 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.
9.23
+0.05 (+0.54%)
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 50.3749. 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 -0.0335086, 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 9.13 and a resistance level at 9.48. Check the full technical report for our detailed analysis of DRH support and resistance levels.