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. RLJ has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
Although the technical rating is only medium, RLJ does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.84. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.72, a Stop Loss order could be placed below this zone.
More info and screens
6.65
We found 3 important support areas.
- A support zone ranging from 7.44 to 7.72. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @7.12 from a horizontal line in the daily time frame.
- A support zone ranging from 6.72 to 6.76. 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 7.84 to 7.90. 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 RLJ is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for RLJ is neutral. |
| ChartMill Relative Strength | 29.63 | NEGATIVE | RLJ has a low relative strength, it was outperformed by 70.37% 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 | MIXED | The current price of RLJ is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 56.57 | NEUTRAL | The RSI value for RLJ is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests RLJ has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 55.44 | NEUTRAL | The Stochastics value for RLJ is a neutral value. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for RLJ suggests some volalility. |
| Average Directional Index/ADX (14) | 13.34 | NEGATIVE | The low ADX value for RLJ suggests a weak or negative trend. |
7.77
+0.09 (+1.17%)
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 trend direction for 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 56.5739. 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 -0.0115868, indicating a bearish trend.