SUMMIT HOTEL PROPERTIES INC (INN) Stock Technical Analysis
NYSE:INN - US8660821005 - REIT
5.48 USD
+0.04 (+0.74%)
5.53 USD
+0.05 (+0.91%)
Overall INN gets a technical rating of 7 out of 10. INN has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month INN has a been trading in the 4.61 - 5.63 range, which is quite wide. It is currently trading near the high of this range.
INN has an average volume of 1672540 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, INN turns out to be only a medium performer in the overall market: it outperformed 45% of all stocks.
INN is an average performer in the Diversified REITs industry, it outperforms 67% of 129 stocks in the same industry.
INN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INN is lagging the market.
Considerably lower volume is observed in the last couple of days.
INN has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 5.49. Right above this resistance zone may be a good entry point.
More info and screens
4.97
5.74
3 important support areas can be observed.
- A support zone ranging from 5.28 to 5.33. 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 5.15 to 5.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 5.02 to 5.03. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- Resistance @5.49 from a trend line in the daily time frame.
- A resistance zone ranging from 5.59 to 5.68. 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 | NEUTRAL | NEUTRAL | The long term trend for INN is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for INN is up. |
| ChartMill Relative Strength | 45.2 | NEUTRAL | INN is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of INN is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of INN is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of INN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 55.74 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests INN has a positive trend. |
| Stochastics (14,3) | 75.91 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.82 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.48 | NEGATIVE | The low ADX value for INN suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 5.50 | 5.27 | 0.23 (4.18%) | 23.91% |
| An entry @5.50. This is a Buy Stop order right above the resistance zone. | An exit @5.27. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.23 points, which is 4.18%. | For a 1.00% total portfolio risk, you can invest 23.91% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of INN. 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.
5.48
+0.04 (+0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0.74%
1 Week1.29%
2 Weeks5.38%
1 Month8.95%
3 Month25.11%
6 Month-15.3%
12 Month-19.29%
2 Year-5.68%
3 Year-30.28%
5 Year-6.96%
10 Year-54.82%
15 YearN/A
Volatility
ATR(14)0.2
ATR(20)%3.82%
ATR Inc-31.68%
Range Today0.13
ADR(20)0.2
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS45.2
Mansfield-1.31
10 Day High5.56
10 Day Low5.05
20 Day High5.63
20 Day Low4.61
52 Week High7.22
52 Week Low3.57
CS1 End5.33
CR1 Start5.49
Volume & EV
DER(3)-1.08%
DER(5)-1.23%
Volume694.00K
Volume Incr-8.4%
Vol(5)809.90K
Vol(50)1.67M