SUMMIT HOTEL PROPERTIES INC (INN) Technical Analysis
NYSE:INN • US8660821005
Current stock price
INN Technical Rating and Analysis
We assign a technical rating of 0 out of 10 to INN. 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.
- Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
- When comparing the yearly performance of all stocks, INN is a bad performer in the overall market: 81% of all stocks are doing better.
- INN is part of the Diversified REITs industry. There are 123 other stocks in this industry, of which 71% 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.
- In the last month INN has a been trading in the 3.98 - 4.76 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- INN has an average volume of 1471590 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
INN Weekly and Daily overview Charts
INN Setup Rating and Analysis
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. There is a resistance zone just above the current price starting at 4.45. Right above this resistance zone may be a good entry point.
More info and screens
INN Support and Resistance Analysis
4.21
We can see 4 important resistance areas.
- A resistance zone ranging from 4.45 to 4.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 4.71 to 4.74. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @4.84 from a horizontal line in the daily time frame.
- Resistance @5.20 from a trend line in the weekly time frame.
INN Technical Indicator Signal Analysis
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 | 19.67 | NEGATIVE | INN has a low relative strength, it was outperformed by 80.33% 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) | 45.86 | 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, although the MACD value is declining. |
| Stochastics (14,3) | 54.99 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 14.9 | NEGATIVE | The low ADX value for INN suggests a weak or negative trend. |
INN Chart- and CandleStick Pattern Analysis
INN Technicals: Chart, Performance Metrics, Trend & Indicators
4.25
-0.09 (-2.07%)
SUMMIT HOTEL PROPERTIES INC / INN TA 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 45.86. 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 0.014302, indicating a bearish trend.
What is the support and resistance level for INN stock?
SUMMIT HOTEL PROPERTIES INC (INN) has a resistance level at 4.45. Check the full technical report for our detailed analysis of INN support and resistance levels.