RLJ LODGING TRUST (RLJ) Stock Technical Analysis
NYSE:RLJ • US74965L1017
Taking everything into account, RLJ scores 7 out of 10 in our technical rating. Although RLJ is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- 71% of all other stocks performed better in the past year than RLJ.
- RLJ is part of the Diversified REITs industry. There are 123 other stocks in this industry, of which 65% are performing better than RLJ.
- The long and short term trends are both positive. This is looking good!
- RLJ is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
- RLJ has an average volume of 1837060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- RLJ is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so RLJ is lagging the market.
Besides having an excellent technical rating, RLJ also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 8.30. Right above this resistance zone may be a good entry point. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
7.05
We found 4 important support areas.
- A support zone ranging from 7.74 to 7.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.59 from a trend line in the weekly time frame.
- A support zone ranging from 7.41 to 7.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 7.12 to 7.26. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 8.30 to 8.42. 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 | UP | POSITIVE | The long term trend for RLJ is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RLJ is up. |
| ChartMill Relative Strength | 29.3 | NEGATIVE | RLJ has a low relative strength, it was outperformed by 70.7% 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) | UP | POSITIVE | The current price of RLJ is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 60.06 | NEUTRAL | The RSI value for RLJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests RLJ has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 72.79 | NEUTRAL | The Stochastics value for RLJ is a neutral value. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for RLJ suggests some volalility. |
| Average Directional Index/ADX (14) | 19.71 | NEGATIVE | The low ADX value for RLJ suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 8.43 | 7.75 | 0.68 (8.07%) | 12.40% |
| An entry @8.43. This is a Buy Stop order right above the resistance zone. | An exit @7.75. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 0.68 points, which is 8.07%. | For a 1.00% total portfolio risk, you can invest 12.40% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
8.22
+0.06 (+0.74%)
RLJ LODGING TRUST / RLJ FAQ
Can you provide the ChartMill technical rating for RLJ LODGING TRUST?
ChartMill assigns a technical rating of 7 / 10 to RLJ.
What is the trend direction for RLJ stock?
The current trend direction for RLJ LODGING TRUST (RLJ) is Bullish.
Can you provide the RSI signal for RLJ LODGING TRUST?
RLJ LODGING TRUST (RLJ) has an RSI value of 60.0577. This indicates that the stock is currently neutral.
Can you provide the MACD signal for RLJ LODGING TRUST?
The MACD indicator for RLJ LODGING TRUST (RLJ) has a value of 0.0326988, indicating a bearish trend.
Can you provide the buy/sell signal for RLJ LODGING TRUST?
The buy/sell signal for RLJ LODGING TRUST (RLJ) is buy as both the short term and long term trends are positive.