GHG Technical Analysis - GREENTREE HOSPITALITY GR-ADR

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to GHG. GHG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

92% of all other stocks performed better in the past year than GHG.

GHG is one of the lesser performing stocks in the Hotels, Restaurants & Leisure industry. 70% of 135 stocks in the same industry do better.

GHG is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month GHG has a been trading in the 1.88 - 2.31 range, which is quite wide. It is currently trading near the lows of this range.

Considerably lower volume is observed in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

GREENTREE HOSPITALITY GR-ADR / GHG Weekly stock chart

GREENTREE HOSPITALITY GR-ADR / GHG Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, GHG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

1.91

2.39

When analyzing the resistance we notice 5 important areas.

A resistance zone ranging from 2.04 to 2.04. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
A resistance zone ranging from 2.10 to 2.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
A resistance zone ranging from 2.18 to 2.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
Resistance @2.33 from a trend line in the daily time frame.
Resistance @2.37 from a trend line in the weekly time frame.

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Support and Resistance indicators

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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	DOWN	NEGATIVE	The long term trend for GHG is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for GHG is down.
ChartMill Relative Strength	8.65	NEGATIVE	GHG has a low relative strength, it was outperformed by 91.35% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of GHG is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of GHG is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of GHG is below a declining SMA(200).
Relative Strength Index/RSI (14)	37.47	NEUTRAL	The RSI value for GHG is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.02	NEGATIVE	The MACD value suggests GHG has a negative trend.
Stochastics (14,3)	24.27	NEUTRAL	The Stochastics value for GHG is a neutral value.
Average True Range in percent/ATR (20)	6.08	HIGH VOLATILITY	The high ATR as a percentage value for GHG suggests high volalility.
Average Directional Index/ADX (14)	18.39	NEGATIVE	The low ADX value for GHG suggests a weak or negative trend.