CHATHAM LODGING TRUST REIT - Daily - Technical analysis published on 02/17/2020 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Neutral
De fond:
Bearish
Technical indicators
67%
0%
33%
My opinion
Bearish under 18.49 USD
My targets
16.82 USD (-2.77%)
16.34 USD (-5.55%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on CHATHAM LODGING TRUST REIT. As long as you are under the resistance located at 18.49 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 16.82 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 16.34 USD as an objective. Crossing it would then enable sellers to target 12.89 USD. If the resistance 18.49 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.
Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
FORCE
0
10
0.7
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
CHATHAM LODGING TRUST REIT rating 17.30 USD. The price registered an increase of +0.23% on the session and was traded between 17.22 USD and 17.49 USD over the period. The price is currently at +0.46% from its lowest and -1.09% from its highest.17.22
17.49
17.30
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
A study of price movements over other periods shows the following variations:
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of CHATHAM LODGING TRUST REIT in Daily shows an overall bearish trend. The signals given by moving averages are 71.43% bearish. This bearish trend could slow down given the neutral signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
The technical indicators are bullish. There is still some doubt about the price increase.
But beware of excesses. The Central Indicators scanner currently detects this:
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Central Patterns, the scanner specializing in chart patterns, did not identify any signals.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
S3 | S2 | S1 | Price | R1 | R2 | R3 | |
---|---|---|---|---|---|---|---|
ProTrendLines | 12.89 | 16.34 | 16.82 | 17.30 | 17.35 | 18.49 | 18.84 |
Change (%) | -25.49% | -5.55% | -2.77% | - | +0.29% | +6.88% | +8.90% |
Change | -4.41 | -0.96 | -0.48 | - | +0.05 | +1.19 | +1.54 |
Level | Minor | Major | Major | - | Major | Major | Minor |
To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:
Daily
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 16.96 | 17.08 | 17.17 | 17.30 | 17.39 | 17.51 | 17.60 |
Camarilla | 17.20 | 17.22 | 17.24 | 17.26 | 17.28 | 17.30 | 17.32 |
Woodie | 16.94 | 17.07 | 17.15 | 17.29 | 17.37 | 17.50 | 17.58 |
Fibonacci | 17.08 | 17.16 | 17.21 | 17.30 | 17.38 | 17.43 | 17.51 |
Weekly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 15.40 | 15.87 | 16.46 | 16.93 | 17.52 | 17.99 | 18.58 |
Camarilla | 16.75 | 16.85 | 16.94 | 17.04 | 17.14 | 17.23 | 17.33 |
Woodie | 15.45 | 15.90 | 16.51 | 16.96 | 17.57 | 18.02 | 18.63 |
Fibonacci | 15.87 | 16.28 | 16.53 | 16.93 | 17.34 | 17.59 | 17.99 |
Monthly
Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
---|---|---|---|---|---|---|---|
Standard | 13.46 | 14.81 | 15.58 | 16.93 | 17.70 | 19.04 | 19.81 |
Camarilla | 15.77 | 15.96 | 16.16 | 16.35 | 16.54 | 16.74 | 16.93 |
Woodie | 13.18 | 14.67 | 15.29 | 16.78 | 17.41 | 18.90 | 19.52 |
Fibonacci | 14.81 | 15.62 | 16.12 | 16.93 | 17.73 | 18.23 | 19.04 |
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): | 50.05 | |
MACD (12,26,9): | -0.1100 | |
Directional Movement: | -4.85 | |
AROON (14): | 71.43 | |
DEMA (21): | 17.05 | |
Parabolic SAR (0,02-0,02-0,2): | 16.51 | |
Elder Ray (13): | 0.18 | |
Super Trend (3,10): | 16.47 | |
Zig ZAG (10): | 17.30 | |
VORTEX (21): | 0.9100 | |
Stochastique (14,3,5): | 79.32 | |
TEMA (21): | 17.07 | |
Williams %R (14): | -14.23 | |
Chande Momentum Oscillator (20): | 0.59 | |
Repulse (5,40,3): | -0.7100 | |
ROCnROLL: | -1 | |
TRIX (15,9): | -0.1700 | |
Courbe Coppock: | 2.08 |
MA7: | 17.22 | |
MA20: | 17.18 | |
MA50: | 17.64 | |
MA100: | 17.61 | |
MAexp7: | 17.20 | |
MAexp20: | 17.23 | |
MAexp50: | 17.44 | |
MAexp100: | 17.54 | |
Price / MA7: | +0.46% | |
Price / MA20: | +0.70% | |
Price / MA50: | -1.93% | |
Price / MA100: | -1.76% | |
Price / MAexp7: | +0.58% | |
Price / MAexp20: | +0.41% | |
Price / MAexp50: | -0.80% | |
Price / MAexp100: | -1.37% |
News
The latest news and videos published on CHATHAM LODGING TRUST REIT at the time of the analysis were as follows:
- Chatham Lodging Announces Monthly Dividend
- Chatham Lodging Trust Announces 2019 Distribution Characterization
- Chatham Lodging Announces Fourth Quarter Earnings Call to be Held on Wednesday, February 26, 2020
- Chatham Lodging Announces Monthly Dividend
- Chatham Lodging Announces Monthly Dividend
This member declared not having a position on this financial instrument or a related financial instrument.
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