TARGET HOSPITALITY CORP (TH) Stock Technical Analysis
NASDAQ:TH - Nasdaq - US87615L1070 - Common Stock - Currency: USD
Overall TH gets a technical rating of 2 out of 10. TH scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, TH is a bad performer in the overall market: 73% of all stocks are doing better.
TH is part of the Hotels, Restaurants & Leisure industry. There are 133 other stocks in this industry, TH did better than 40% of them.
TH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so TH is lagging the market slightly.
In the last month TH has a been trading in the 6.15 - 7.64 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, TH does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 7.32. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 6.90, a Stop Loss order could be placed below this zone.
More info and screens
6.18
10.24
When analyzing the support we can see 3 important areas.
- A support zone ranging from 6.82 to 6.90. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 6.34 to 6.36. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @6.24 from a horizontal line in the daily time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 7.32 to 7.38. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @7.61 from a horizontal line in the daily time frame.
- Resistance @9.17 from a trend line in the weekly time frame.
- Resistance @10.14 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 | 27.09 | NEGATIVE | TH has a low relative strength, it was outperformed by 72.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of TH is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TH is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TH is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.45 | NEUTRAL | The RSI value for TH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TH has a negative trend. |
| Stochastics (14,3) | 70.92 | NEUTRAL | The Stochastics value for TH is a neutral value. |
| Average True Range in percent/ATR (20) | 5.18 | HIGH VOLATILITY | The high ATR as a percentage value for TH suggests high volalility. |
| Average Directional Index/ADX (14) | 16.45 | NEGATIVE | The low ADX value for TH suggests a weak or negative trend. |
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)
7.02
-0.29 (-3.97%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHotels, Restaurants & Leisure
Performance
% Chg-3.97%
1 Week-4.75%
2 Weeks-1.13%
1 Month-2.9%
3 Month20%
6 Month-13.97%
12 Month-37.04%
2 Year-47.69%
3 Year22.94%
5 Year315.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.38
ATR(20)%5.18%
ATR Inc-14.27%
Range Today0.39
ADR(20)0.36
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS27.09
Mansfield-1.82
10 Day High7.64
10 Day Low6.15
20 Day High7.64
20 Day Low6.15
52 Week High11.32
52 Week Low4
CS1 End6.9
CR1 Start7.32
Volume & EV
DER(3)-1.96%
DER(5)-0.81%
Volume393.40K
Volume Incr-23.59%
Vol(5)385.84K
Vol(50)510.32K