TARGET HOSPITALITY CORP (TH) Stock Technical Analysis
USA - NASDAQ:TH - US87615L1070 - Common Stock
We assign a technical rating of 1 out of 10 to TH. TH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
TH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for TH 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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We found 3 important support areas.
- Support @7.12 from a trend line in the daily time frame.
- A support zone ranging from 6.99 to 6.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.83 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.70 to 7.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @8.63 from a trend line in the weekly time frame.
- A resistance zone ranging from 9.00 to 9.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @9.60 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 | DOWN | NEGATIVE | The long term trend for TH is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TH is neutral. |
| ChartMill Relative Strength | 47.56 | NEUTRAL | TH is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of TH is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TH is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TH is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 51.32 | NEUTRAL | The RSI value for TH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests TH has a positive trend. |
| Stochastics (14,3) | 72.47 | NEUTRAL | The Stochastics value for TH is a neutral value. |
| Average True Range in percent/ATR (20) | 4.16 | MEDIUM VOLATILITY | The ATR as a percentage value for TH suggests some volalility. |
| Average Directional Index/ADX (14) | 29.08 | POSITIVE | The high ADX value value for TH suggests a strong trend. |
7.69
+0.07 (+0.92%)
TARGET HOSPITALITY CORP / TH FAQ
What is the ChartMill technical rating of TARGET HOSPITALITY CORP (TH) stock?
ChartMill assigns a technical rating of 1 / 10 to TH.
Can you provide the trend direction for TARGET HOSPITALITY CORP?
The current trend direction for TARGET HOSPITALITY CORP (TH) is Bearish.
What is the RSI signal for TARGET HOSPITALITY CORP (TH) stock?
TARGET HOSPITALITY CORP (TH) has an RSI value of 51.3208. This indicates that the stock is currently neutral.
What is the short term momentum for TH stock?
The short term momentum for TARGET HOSPITALITY CORP (TH) is neutral.
What is the support and resistance level for TH stock?
TARGET HOSPITALITY CORP (TH) has a support level at 7.12 and a resistance level at 7.7. Check the full technical report for our detailed analysis of TH support and resistance levels.