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'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.
The technical rating of TH is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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6.45
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 7.63 to 7.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.58 from a trend line in the weekly time frame.
- A resistance zone ranging from 8.99 to 9.00. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @9.58 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 | NEUTRAL | NEUTRAL | The long term trend for TH is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TH is neutral. |
| ChartMill Relative Strength | 12.17 | NEGATIVE | TH has a low relative strength, it was outperformed by 87.83% 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) | DOWN | NEGATIVE | The current price of TH is below a declining 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) | 34.23 | NEUTRAL | The RSI value for TH is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests TH has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.64 | NEUTRAL | The Stochastics value for TH is a neutral value. |
| Average True Range in percent/ATR (20) | 6.28 | HIGH VOLATILITY | The high ATR as a percentage value for TH suggests high volalility. |
| Average Directional Index/ADX (14) | 26.37 | POSITIVE | The high ADX value value for TH suggests a strong trend. |
6.52
-1.2 (-15.54%)
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 34.2314. 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 resistance level at 7.63. Check the full technical report for our detailed analysis of TH support and resistance levels.