NYSE:SHO - New York Stock Exchange, Inc. - US8678921011 - REIT - Currency: USD
We assign a technical rating of 1 out of 10 to SHO. SHO's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, SHO does present a nice setup opportunity. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 8.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
8.50
We found 1 important support area.
We can see 2 important resistance areas.
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 | DOWN | NEGATIVE | The long term trend for SHO is down. |
ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SHO is neutral. |
ChartMill Relative Strength | 21.38 | NEGATIVE | SHO has a low relative strength, it was outperformed by 78.62% off all stocks on the market. |
Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of SHO is below a declining SMA(20). |
Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SHO is above the rising SMA(50). |
Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of SHO is below a declining SMA(200). |
Relative Strength Index/RSI (14) | 47.04 | NEUTRAL | The RSI value for SHO is a neutral value. |
Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | NEGATIVE | The MACD value suggests SHO has a negative trend. |
Stochastics (14,3) | 43.83 | NEUTRAL | The Stochastics value for SHO is a neutral value. |
Average True Range in percent/ATR (20) | 3 | MEDIUM VOLATILITY | The ATR as a percentage value for SHO suggests some volalility. |
Average Directional Index/ADX (14) | 9.27 | NEGATIVE | The low ADX value for SHO suggests a weak or negative trend. |
8.68
-0.24 (-2.69%)