SUMMIT HOTEL PROPERTIES INC (INN) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:INN - US8660821005 - REIT
Overall INN gets a technical rating of 0 out of 10. 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.
Although the technical rating is bad, INN does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 4.86, a Stop Loss order could be placed below this zone. 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
4.70
When analyzing the support we can see 2 important areas.
- A support zone ranging from 4.84 to 4.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @4.75 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.03 to 5.05. 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 5.19 to 5.28. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.53 to 5.59. 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 | 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 | 15.28 | NEGATIVE | INN has a low relative strength, it was outperformed by 84.72% 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) | 40.06 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests INN has a negative trend. |
| Stochastics (14,3) | 23 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.32 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.7 | NEGATIVE | The low ADX value for INN suggests a weak or negative trend. |
4.87
-0.04 (-0.81%)
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.
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 40.059. 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 negative.
What is the buy/sell signal for INN stock?
The buy/sell signal for SUMMIT HOTEL PROPERTIES INC (INN) is sell as both the short term and long term trends are negative.