DIAMONDROCK HOSPITALITY CO. - Daily - Technical analysis published on 08/01/2024 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Strongly bearish
Technical indicators
11%
67%
22%
My opinion
Bearish under 8.19 USD
My targets
7.93 USD (-1.61%)
7.30 USD (-9.43%)
My analysis
All elements being clearly bearish, it would be possible for traders to trade only short positions (for sale) on DIAMONDROCK HOSPITALITY CO. as long as the price remains well below 8.19 USD. The sellers' bearish objective is set at 7.93 USD. A bearish break of this support would revive the bearish momentum. The sellers could then target the support located at 7.30 USD. In case of crossing, the next objective would be the support located at 6.19 USD. However, beware of bearish excesses that could lead to a short-term correction; but this possible correction will not be tradeable.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
Force
0
10
7.5
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This analysis was given by robby1966. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The DIAMONDROCK HOSPITALITY CO. rating is 8.06 USD. On the day, this instrument lost -2.07% with the lowest point at 8.05 USD and the highest point at 8.29 USD. The deviation from the price is +0.12% for the low point and -2.77% for the high point.8.05
8.29
8.06
A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by DIAMONDROCK HOSPITALITY CO.:
Near a new LOW record (1st january)
Type : Bearish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of this Daily chart of DIAMONDROCK HOSPITALITY CO. indicates that the overall trend is strongly bearish. 89.29% of the signals given by moving averages are bearish. This strongly bearish trend is supported by the strong bearish signals given by short-term moving averages. An assessment of moving averages reveals a bearish signal that could impact this trend:
Bearish trend reversal : adaptative moving average 20
Type : Bearish
Timeframe : Daily
The probability of a further decline is moderate given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Daily
SuperTrend indicator bearish reversal
Type : Bearish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Near support of triangle
Type : Bullish
Timeframe : Daily
The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:
Three black crows
Type : Bearish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 6.19 | 7.30 | 7.93 | 8.06 | 8.19 | 8.53 | 8.77 |
| Change (%) | -23.20% | -9.43% | -1.61% | - | +1.61% | +5.83% | +8.81% |
| Change | -1.87 | -0.76 | -0.13 | - | +0.13 | +0.47 | +0.71 |
| Level | Intermediate | Major | Major | - | Major | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.88 | 8.05 | 8.14 | 8.31 | 8.40 | 8.57 | 8.66 |
| Camarilla | 8.16 | 8.18 | 8.21 | 8.23 | 8.25 | 8.28 | 8.30 |
| Woodie | 7.84 | 8.03 | 8.10 | 8.29 | 8.36 | 8.55 | 8.62 |
| Fibonacci | 8.05 | 8.15 | 8.21 | 8.31 | 8.41 | 8.47 | 8.57 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.63 | 7.88 | 8.10 | 8.35 | 8.57 | 8.82 | 9.04 |
| Camarilla | 8.20 | 8.24 | 8.29 | 8.33 | 8.37 | 8.42 | 8.46 |
| Woodie | 7.63 | 7.87 | 8.10 | 8.34 | 8.57 | 8.81 | 9.04 |
| Fibonacci | 7.88 | 8.06 | 8.17 | 8.35 | 8.53 | 8.64 | 8.82 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 7.31 | 7.72 | 7.97 | 8.38 | 8.63 | 9.04 | 9.29 |
| Camarilla | 8.05 | 8.11 | 8.17 | 8.23 | 8.29 | 8.35 | 8.41 |
| Woodie | 7.24 | 7.68 | 7.90 | 8.34 | 8.56 | 9.00 | 9.22 |
| Fibonacci | 7.72 | 7.97 | 8.13 | 8.38 | 8.63 | 8.79 | 9.04 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 40.50 | |
| MACD (12,26,9): | -0.0300 | |
| Directional Movement: | -2.11 | |
| AROON (14): | -78.57 | |
| DEMA (21): | 8.29 | |
| Parabolic SAR (0,02-0,02-0,2): | 8.62 | |
| Elder Ray (13): | -0.13 | |
| Super Trend (3,10): | 8.78 | |
| Zig ZAG (10): | 8.06 | |
| VORTEX (21): | 0.9400 | |
| Stochastique (14,3,5): | 19.89 | |
| TEMA (21): | 8.29 | |
| Williams %R (14): | -98.61 | |
| Chande Momentum Oscillator (20): | -0.60 | |
| Repulse (5,40,3): | -5.4300 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 1.95 |
| MA7: | 8.27 | |
| MA20: | 8.35 | |
| MA50: | 8.33 | |
| MA100: | 8.71 | |
| MAexp7: | 8.27 | |
| MAexp20: | 8.32 | |
| MAexp50: | 8.41 | |
| MAexp100: | 8.55 | |
| Price / MA7: | -2.54% | |
| Price / MA20: | -3.47% | |
| Price / MA50: | -3.24% | |
| Price / MA100: | -7.46% | |
| Price / MAexp7: | -2.54% | |
| Price / MAexp20: | -3.13% | |
| Price / MAexp50: | -4.16% | |
| Price / MAexp100: | -5.73% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on DIAMONDROCK HOSPITALITY CO.. At the time of publication of this analysis, the latest news was as follows:
- DIAMONDROCK HOSPITALITY ANNOUNCES SECOND QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
- DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR SECOND QUARTER 2023
- DIAMONDROCK HOSPITALITY COMPANY REPORTS FIRST QUARTER RESULTS
- DIAMONDROCK HOSPITALITY ANNOUNCES FIRST QUARTER 2023 EARNINGS RELEASE AND CONFERENCE CALL
- DIAMONDROCK HOSPITALITY COMPANY DECLARES DIVIDENDS FOR FIRST QUARTER 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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