Londinia Opportunities Analyses - 08/30/2024 (GMT) DIAMONDROCK HOSPITALITY CO. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	DRH
ISIN:

Londinia

Oops, I was wrong about that analysis. My threshold for invalidation has been broken.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 8.65 USD

My targets

8.77 USD (+0.80%)

9.18 USD (+5.52%)

My analysis

The bullish trend is currently very strong on DIAMONDROCK HOSPITALITY CO.. As long as the price remains above the support at 8.65 USD, you could try to benefit from the boom. The first bullish objective is located at 8.77 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 9.18 USD as an objective. Crossing it would then enable buyers to target 9.59 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

Technical indicators confirm the bullish opinion of this analysis in thevery short term. However, be careful of excessive bullish movements. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.6

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Additional analysis

Quotes

The DIAMONDROCK HOSPITALITY CO. rating is 8.70 USD. The price has increased by +0.46% since the last closing and was traded between 8.63 USD and 8.75 USD over the period. The price is currently at +0.81% from its lowest and -0.57% from its highest.

8.63

8.75

8.70

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected an element:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of DIAMONDROCK HOSPITALITY CO. in 1H shows a strongly overall bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.

An assessment of technical indicators shows a strong bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Williams %R indicator is back under -50

Type : Bearish

Timeframe : 1 hour

No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects this inversion signal that could impact the current short-term trend:

Doji

Type : Neutral

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	8.15	8.41	8.65	8.70	8.77	9.18	9.59
Change (%)	-6.32%	-3.33%	-0.57%	-	+0.80%	+5.52%	+10.23%
Change	-0.55	-0.29	-0.05	-	+0.07	+0.48	+0.89
Level	Major	Major	Minor	-	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	8.44	8.53	8.59	8.68	8.74	8.83	8.89
Camarilla	8.62	8.63	8.65	8.66	8.67	8.69	8.70
Woodie	8.44	8.52	8.59	8.67	8.74	8.82	8.89
Fibonacci	8.53	8.58	8.62	8.68	8.73	8.77	8.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	7.76	7.96	8.32	8.52	8.88	9.08	9.44
Camarilla	8.52	8.57	8.62	8.67	8.72	8.77	8.82
Woodie	7.83	8.00	8.39	8.56	8.95	9.12	9.51
Fibonacci	7.96	8.18	8.31	8.52	8.74	8.87	9.08

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 the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	56.95
MACD (12,26,9):	0.0300
Directional Movement:	9.05
AROON (14):	35.71
DEMA (21):	8.70
Parabolic SAR (0,02-0,02-0,2):	8.75
Elder Ray (13):	0.02
Super Trend (3,10):	8.57
Zig ZAG (10):	8.69
VORTEX (21):	1.0600
Stochastique (14,3,5):	64.39
TEMA (21):	8.69
Williams %R (14):	-36.36
Chande Momentum Oscillator (20):	0.06
Repulse (5,40,3):	0.1200
ROCnROLL:	1
TRIX (15,9):	0.0400
Courbe Coppock:	1.82

MA7:	8.62
MA20:	8.28
MA50:	8.31
MA100:	8.46
MAexp7:	8.68
MAexp20:	8.66
MAexp50:	8.58
MAexp100:	8.46
Price / MA7:	+0.93%
Price / MA20:	+5.07%
Price / MA50:	+4.69%
Price / MA100:	+2.84%
Price / MAexp7:	+0.23%
Price / MAexp20:	+0.46%
Price / MAexp50:	+1.40%
Price / MAexp100:	+2.84%

Quotes : - 15 min delayed data - Actions NYSE

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: