Taking everything into account, DRH scores 7 out of 10 in our technical rating. Although DRH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, DRH also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 9.26. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 9.18, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
7.35
When analyzing the support we can see 6 important areas.
- A support zone ranging from 9.13 to 9.18. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 8.74 to 8.95. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @8.03 from a trend line in the daily time frame.
- Support @7.78 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 can see 2 important resistance areas.
- A resistance zone ranging from 9.26 to 9.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 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 | 71.99 | POSITIVE | DRH has a high relative strength, it outperformed 71.99% off all stocks 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) | UP | POSITIVE | The current price of DRH is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.41 | NEUTRAL | The RSI value for DRH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests DRH has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 47.28 | NEUTRAL | The Stochastics value for DRH is a neutral value. |
| Average True Range in percent/ATR (20) | 2.13 | MEDIUM VOLATILITY | The ATR as a percentage value for DRH suggests some volalility. |
| Average Directional Index/ADX (14) | 18.42 | 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 |
|---|---|---|---|
| 9.35 | 9.12 | 0.23 (2.46%) | 25.00% |
| An entry @9.35. This is a Buy Stop order right above the resistance zone. | An exit @9.12. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 2.46%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.61%. |
- 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.
9.25
+0.09 (+0.98%)
DIAMONDROCK HOSPITALITY CO / DRH 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 56.4125. 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 -0.0228364, 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 9.18 and a resistance level at 9.26. Check the full technical report for our detailed analysis of DRH support and resistance levels.