SUMMIT HOTEL PROPERTIES INC (INN) Stock Technical Analysis
USA - NYSE:INN - US8660821005 - REIT
5.33 USD
0 (0%)
5.33 USD
0 (0%)
Taking everything into account, INN scores 2 out of 10 in our technical rating. INN performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.
When comparing the yearly performance of all stocks, INN is a bad performer in the overall market: 78% of all stocks are doing better.
In the last month INN has a been trading in the 5.25 - 5.86 range, which is quite wide. It is currently trading near the lows of this range.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
INN is an average performer in the Diversified REITs industry, it outperforms 40% of 129 stocks in the same industry.
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.
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 5.29, 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
5.24
5.95
When analyzing the support we notice one important area.
- A support zone ranging from 5.29 to 5.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 5.36 to 5.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 5.78 to 5.89. 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 | NEUTRAL | NEUTRAL | The long term trend for INN is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for INN is down. |
| ChartMill Relative Strength | 22.19 | NEGATIVE | INN has a low relative strength, it was outperformed by 77.81% 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) | UP | MIXED | The current price of INN is below 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) | 41.5 | NEUTRAL | The RSI value for INN is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests INN has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.41 | NEUTRAL | The Stochastics value for INN is a neutral value. |
| Average True Range in percent/ATR (20) | 2.73 | MEDIUM VOLATILITY | The ATR as a percentage value for INN suggests some volalility. |
| Average Directional Index/ADX (14) | 16.36 | 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)
5.33
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg0%
1 Week0.57%
2 Weeks-1.48%
1 Month-9.35%
3 Month0.95%
6 Month35.97%
12 Month-18.13%
2 Year-5.5%
3 Year-38.31%
5 Year0.95%
10 Year-59.25%
15 YearN/A
Volatility
ATR(14)0.15
ATR(20)%2.73%
ATR Inc-3.37%
Range Today0.11
ADR(20)0.14
ADR(20)%2.63%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS22.19
Mansfield-1.39
10 Day High5.6
10 Day Low5.25
20 Day High5.86
20 Day Low5.25
52 Week High6.99
52 Week Low3.57
CS1 End5.29
CR1 Start5.36
Volume & EV
DER(3)3.73%
DER(5)2.57%
Volume548.70K
Volume Incr-18.74%
Vol(5)645.36K
Vol(50)778.56K