SUNSTONE HOTEL INVESTORS INC (SHO)

US8678921011 - REIT

11.135  +0.13 (+1.14%)

Technical Rating and Analysis

7

Overall SHO gets a technical rating of 7 out of 10. Although SHO is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

Both the short term and long term trends are positive. This is a very positive sign.
SHO is one of the better performing stocks in the Diversified REITs industry, it outperforms 72% of 128 stocks in the same industry.
SHO is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SHO has a been trading in the 10.29 - 11.07 range, which is quite wide. It is currently trading near the high of this range.
SHO has an average volume of 2197720 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, SHO outperforms 61% of them, which is more or less in line with the market.
Weekly and Daily overview Charts
SHO Weekly chart
SHO Daily chart
Setup Rating and Analysis

8

Besides having an excellent technical rating, SHO also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 11.02. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 10.80, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • 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.
Support and Resistance Analysis

9.60

11.30

We found 4 important support areas.

  • A support zone ranging from 11.02 to 11.06. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 10.60 to 10.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • A support zone ranging from 10.41 to 10.42. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Support @9.70 from a trend line in the daily time frame.

When analyzing the resistance we notice one important area.

  • Resistance @11.19 from a horizontal line in the weekly time frame.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS61.25
Mansfield-0.17
10 Day High11.07
10 Day Low10.29
20 Day High11.07
20 Day Low10.29
52 Week High11.21
52 Week Low8.6
Performance
1 Week4.86%
2 Weeks2.61%
1 Month4.46%
3 Month11.1%
6 Month26.99%
12 Month1.85%
2 Year4.06%
3 Year-16.65%
5 Year-26.84%
10 Year-18.57%
15 Year402.74%
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)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)57.98
LBB10.51
UBB11.06
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
11.2010.280.92 (8.23%)12.15%
An entry @11.20. This is a Buy Stop order right above the resistance zone.An exit @10.28. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.92 points, which is 8.23%.When investing 12.15% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
SHO Daily chart

SUNSTONE HOTEL INVESTORS INC

NYSE:SHO (2/22/2024, 2:49:07 PM)

11.135

+0.13 (+1.14%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorReal Estate
GICS IndustryDiversified REITs
Performance
% Chg1.14%
1 Week4.86%
2 Weeks2.61%
1 Month4.46%
3 Month11.1%
6 Month26.99%
12 Month1.85%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.24
ATR(20)%2.13%
ATR Inc
Range Today0.26
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High11.07
10 Day Low10.29
20 Day High11.07
20 Day Low10.29
52 Week High11.21
52 Week Low8.6
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume3.02M
Volume Incr63.05%
Vol(5)2.60M
Vol(50)2.20M