SUMMIT HOTEL PROPERTIES INC (INN) Technical Analysis
NYSE:INN • US8660821005
We assign a technical rating of 0 out of 10 to INN. INN's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 87% of all other stocks performed better in the past year than INN.
- INN is one of the lesser performing stocks in the Diversified REITs industry. 81% of 123 stocks in the same industry do better.
- INN 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 INN has a been trading in the 3.99 - 4.76 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of INN is bad and it also does not present a quality setup 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
4.07
We can see 2 important resistance areas.
- A resistance zone ranging from 4.44 to 4.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @5.25 from a trend 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 | DOWN | NEGATIVE | The long term trend for INN is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INN is down. |
| ChartMill Relative Strength | 13.74 | NEGATIVE | INN has a low relative strength, it was outperformed by 86.26% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of INN is below a declining 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 | NEGATIVE | The current price of INN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.94 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests INN has a negative trend. |
| Stochastics (14,3) | 12.9 | OVERSOLD | The low Stochastics value suggests INN may be oversold. |
| Average True Range in percent/ATR (20) | 5.24 | HIGH VOLATILITY | The high ATR as a percentage value for INN suggests high volalility. |
| Average Directional Index/ADX (14) | 23.33 | NEUTRAL | The ADX value for INN suggests a possible start of a new trend. |
INN Technicals: Chart, Performance Metrics, Trend & Indicators
4.11
+0.08 (+1.99%)
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 0 / 10 to INN.
Can you provide the trend direction for SUMMIT HOTEL PROPERTIES INC?
The current trend direction for SUMMIT HOTEL PROPERTIES INC (INN) is Bearish.
What is the RSI signal for INN stock?
SUMMIT HOTEL PROPERTIES INC (INN) has an RSI value of 37.9358. This indicates that the stock is currently neutral.
What is the MACD signal for SUMMIT HOTEL PROPERTIES INC (INN) stock?
The MACD indicator for SUMMIT HOTEL PROPERTIES INC (INN) has a value of -0.0351736, indicating a bearish trend.
What is the support and resistance level for INN stock?
SUMMIT HOTEL PROPERTIES INC (INN) has a resistance level at 4.44. Check the full technical report for our detailed analysis of INN support and resistance levels.