RLJ LODGING TRUST (RLJ) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:RLJ - US74965L1017 - REIT
We assign a technical rating of 5 out of 10 to RLJ. Recently some decent action could be observed, but in the medium term time frame this is still negative. RLJ was also a bad performer in the overall market in the last year.
Although the technical rating is only medium, RLJ does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 7.41, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for RLJ 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.
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6.69
We found 3 important support areas.
- A support zone ranging from 7.33 to 7.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.09 to 7.16. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @6.76 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- Resistance @7.59 from a trend line in the daily time frame.
- Strong resistance @7.72 from a horizontal line in the daily time frame.
- A resistance zone ranging from 7.89 to 7.90. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.07 from a trend line in the weekly 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 RLJ is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLJ is up. |
| ChartMill Relative Strength | 17.27 | NEGATIVE | RLJ has a low relative strength, it was outperformed by 82.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RLJ is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RLJ is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of RLJ is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 54.98 | NEUTRAL | The RSI value for RLJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests RLJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 46.96 | NEUTRAL | The Stochastics value for RLJ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for RLJ suggests some volalility. |
| Average Directional Index/ADX (14) | 20.43 | NEUTRAL | The ADX value for RLJ suggests a possible start of a new trend. |
7.44
+0.03 (+0.4%)
RLJ LODGING TRUST / RLJ FAQ
Can you provide the ChartMill technical rating for RLJ LODGING TRUST?
ChartMill assigns a technical rating of 5 / 10 to RLJ.
What is the current trend direction of RLJ LODGING TRUST (RLJ) stock?
The current trend direction for RLJ LODGING TRUST (RLJ) is Bearish.
Can you provide the RSI signal for RLJ LODGING TRUST?
RLJ LODGING TRUST (RLJ) has an RSI value of 54.9776. This indicates that the stock is currently neutral.
What is the short term momentum for RLJ stock?
The short term momentum for RLJ LODGING TRUST (RLJ) is positive.
What are the support and resistance levels for RLJ LODGING TRUST (RLJ) stock?
RLJ LODGING TRUST (RLJ) has a support level at 7.41 and a resistance level at 7.59. Check the full technical report for our detailed analysis of RLJ support and resistance levels.