SUMMIT HOTEL PROPERTIES INC (INN) Stock Technical Analysis
NYSE:INN - New York Stock Exchange, Inc. - US8660821005 - REIT - Currency: USD
Overall INN gets a technical rating of 1 out of 10. 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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
89% of all other stocks performed better in the past year than INN.
INN is part of the Diversified REITs industry. There are 129 other stocks in this industry, of which 82% are performing better than INN.
INN is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so INN is lagging the market.
INN has an average volume of 1159090 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month INN has a been trading in the 4.04 - 4.79 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
INN has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for INN in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
4.04
7.07
We found 2 important support areas.
- Support @4.15 from a trend line in the daily time frame.
- Support @4.08 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 6 important areas.
- A resistance zone ranging from 4.48 to 4.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.68 to 4.73. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @6.31 from a trend line in the daily time frame.
- A resistance zone ranging from 6.51 to 6.60. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @6.77 from a horizontal line in the daily time frame.
- Resistance @7.00 from a horizontal line in the daily 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 | NEUTRAL | NEUTRAL | The short term trend for INN is neutral. |
| ChartMill Relative Strength | 11.69 | NEGATIVE | INN has a low relative strength, it was outperformed by 88.31% 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 | NEGATIVE | The current price of INN is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.07 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests INN has a positive trend. |
| Stochastics (14,3) | 49.78 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.66 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 18.62 | 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)
4.4
+0.05 (+1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.15%
1 Week7.58%
2 Weeks-2.44%
1 Month8.11%
3 Month-31.99%
6 Month-33.13%
12 Month-28.1%
2 Year-32.82%
3 Year-49.66%
5 Year-29.6%
10 Year-67.07%
15 YearN/A
Volatility
ATR(14)0.19
ATR(20)%4.66%
ATR Inc-5.4%
Range Today0.17
ADR(20)0.18
ADR(20)%4.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS11.69
Mansfield-2.91
10 Day High4.54
10 Day Low4.04
20 Day High4.79
20 Day Low4.04
52 Week High7.22
52 Week Low3.57
CS1 End4.15
CR1 Start4.48
Volume & EV
DER(3)2.09%
DER(5)3.75%
Volume783.40K
Volume Incr-9.55%
Vol(5)1.07M
Vol(50)1.16M