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 4 out of 10. INN has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
INN is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
INN is part of the Diversified REITs industry. There are 130 other stocks in this industry. INN outperforms 71% of them.
INN has an average volume of 2024840 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the performance of all stocks over the past year, INN turns out to be only a medium performer in the overall market: it outperformed 43% of all stocks.
INN is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so INN is lagging the market.
Considerably lower volume is observed in the last couple of days.
INN has an average technical rating and the quality of the presented setup is also not ideal 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
4.82
6.11
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.02 to 5.11. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @4.87 from a trend line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 5.36 to 5.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.56 to 5.68. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.05 from a trend 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 | 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 | 43.29 | NEUTRAL | INN is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of INN is above the rising 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) | 50.18 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests INN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.81 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 3.7 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 23.79 | NEUTRAL | The ADX value for INN suggests a possible start of a new 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)
5.24
+0.11 (+2.14%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg2.14%
1 Week0.38%
2 Weeks-3.68%
1 Month-5.92%
3 Month20.74%
6 Month-21.79%
12 Month-17.35%
2 Year-9.81%
3 Year-33.33%
5 Year-11.04%
10 Year-56.8%
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%3.7%
ATR Inc102.81%
Range Today0.17
ADR(20)0.19
ADR(20)%3.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS43.29
Mansfield-1.71
10 Day High5.58
10 Day Low4.61
20 Day High5.74
20 Day Low4.61
52 Week High7.22
52 Week Low3.57
CS1 End5.11
CR1 Start5.36
Volume & EV
DER(3)3.66%
DER(5)2.21%
Volume867.50K
Volume Incr14.19%
Vol(5)1.03M
Vol(50)2.02M