DIAMONDROCK HOSPITALITY CO (DRH) Technical Analysis
NASDAQ:DRH • US2527843013
Current stock price
DRH Technical Rating and Analysis
We assign a technical rating of 7 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.
- DRH is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
- When comparing the yearly performance of all stocks, we notice that DRH is one of the better performing stocks in the market, outperforming 76% of all stocks. On top of that, DRH also shows a nice and consistent pattern of rising prices.
- DRH is part of the Diversified REITs industry. There are 122 other stocks in this industry. DRH outperforms 87% of them.
- DRH is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so DRH is performing more or less in line with the market.
- DRH has an average volume of 2763910 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
DRH Weekly and Daily overview Charts
DRH Setup Rating and Analysis
Besides having an excellent technical rating, DRH also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 9.29, a Stop Loss order could be placed below this zone.
More info and screens
DRH Support and Resistance Analysis
7.93
When analyzing the support we can see 3 important areas.
- A support zone ranging from 9.18 to 9.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.96 from a horizontal line in the daily time frame.
- Support @8.01 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 9.38 to 9.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
DRH Technical Indicator Signal Analysis
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 | 76.48 | POSITIVE | DRH has a high relative strength, it outperformed 76.48% 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 | MIXED | The current price of DRH is below 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) | 43.17 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests DRH has a negative trend. |
| Stochastics (14,3) | 45.85 | NEUTRAL | The Stochastics value for DRH is a neutral value. |
| Average True Range in percent/ATR (20) | 3.16 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 17.67 | NEGATIVE | The low ADX value for DRH suggests a weak or negative trend. |
DRH Chart- and CandleStick Pattern Analysis
DRH Example Setup
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 |
|---|---|---|---|
| 9.61 | 9.18 | 0.43 (4.53%) | 22.09% |
| An entry @9.61. This is a Buy Stop order right above the resistance zone. | An exit @9.18. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.43 points, which is 4.53%. | When investing 22.09% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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
9.32
-0.27 (-2.82%)
DIAMONDROCK HOSPITALITY CO / DRH TA FAQ
What is the ChartMill technical rating of DIAMONDROCK HOSPITALITY CO (DRH) stock?
ChartMill assigns a technical rating of 7 / 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 43.1669. 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 -0.0119426, 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 9.29 and a resistance level at 9.38. Check the full technical report for our detailed analysis of DRH support and resistance levels.