SUMMIT HOTEL PROPERTIES INC (INN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INN - US8660821005 - REIT
Taking everything into account, INN scores 2 out of 10 in our technical rating. INN scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
INN has a poor technical rating and the quality of the setup is also not perfect at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
4.79
We found 2 important support areas.
- A support zone ranging from 5.13 to 5.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 4.84 to 4.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 5.40 to 5.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.63 from a trend line in the weekly time frame.
- Resistance @5.74 from a trend line in the daily time frame.
- Resistance @5.89 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 | NEUTRAL | NEUTRAL | The long term trend for INN is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for INN is neutral. |
| ChartMill Relative Strength | 24.2 | NEGATIVE | INN has a low relative strength, it was outperformed by 75.8% off all stocks 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) | DOWN | NEGATIVE | The current price of INN is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of INN is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.76 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests INN has a positive trend. |
| Stochastics (14,3) | 55.79 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.04 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.49 | NEGATIVE | The low ADX value for INN suggests a weak or negative trend. |
5.36
+0.02 (+0.37%)
SUMMIT HOTEL PROPERTIES INC / INN FAQ
What is the ChartMill technical rating of SUMMIT HOTEL PROPERTIES INC (INN) stock?
ChartMill assigns a technical rating of 2 / 10 to INN.
What is the trend direction for INN stock?
The current trend direction for SUMMIT HOTEL PROPERTIES INC (INN) is Bearish.
What is the RSI signal for SUMMIT HOTEL PROPERTIES INC (INN) stock?
SUMMIT HOTEL PROPERTIES INC (INN) has an RSI value of 51.7641. This indicates that the stock is currently neutral.
Can you provide the short term momentum for SUMMIT HOTEL PROPERTIES INC?
The short term momentum for SUMMIT HOTEL PROPERTIES INC (INN) is neutral.