Choice Hotels International Inc Stock Forecast
Red day on Tuesday for Choice Hotels International Inc
(Updated on Jul 02, 2024)
The Choice Hotels International Inc stock price fell by -0.538% on the last day (Tuesday, 2nd Jul 2024) from $118.89 to $118.25. During the last trading day the stock fluctuated 1.17% from a day low at $117.75 to a day high of $119.13. The price has been going up and down for this period, and there has been a 1.45% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -39 thousand shares and in total, 565 thousand shares were bought and sold for approximately $66.82 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $119.79 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -4.53% during the next 3 months and, with a 90% probability hold a price between $102.77 and $114.36 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CHH Signals & Forecast
The Choice Hotels International Inc stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $118.85. On a fall, the stock will find some support from the long-term average at approximately $116.19. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -1.74%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Choice Hotels International Inc stock
Choice Hotels International Inc finds support from accumulated volume at $116.91 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.38 (1.17%) between high and low. For the last week, the stock has had daily average volatility of 1.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CHH) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Choice Hotels International Inc to open at $118.38, and during the day (based on 14 day Average True Range), to move between $116.07 and $120.43, which gives a possible trading interval of +/-$2.18 (+/-1.85%) up or down from last closing price. If Choice Hotels International Inc takes out the full calculated possible swing range there will be an estimated 3.69% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $118.40 (0.13%) than the support at $116.91 (1.13%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Choice Hotels International Inc stock A Buy?
Choice Hotels International Inc holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.687 Sell Candidate Unchanged
Predicted Opening Price for Choice Hotels International Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $118.38 ( 0.107%) | $118.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CHH
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 119.76 | 1.27% |
| R2 | 119.23 | 0.83% |
| R1 | 118.90 | 0.553% |
| Price | 118.25 | |
| S1 | 117.85 | -0.339% |
| S2 | 117.52 | -0.614% |
| S3 | 117.00 | -1.06% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 126.22 | 6.74% |
| R2 | 122.14 | 3.29% |
| R1 | 118.40 | 0.127% |
| Price | 118.25 | |
| S1 | 116.91 | -1.13% |
| S2 | 116.02 | -1.89% |
| S3 | 115.70 | -2.16% |
CHH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | Jul 01, 2024 | Jul 16, 2024 | $0.288 | 0.243% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 17, 2024 | $0.288 | 0.245% |
| 3 | Dec 29, 2023 | Dec 29, 2023 | Jan 17, 2024 | $0.288 | 0.252% |
| 4 | Sep 13, 2023 | Sep 29, 2023 | Oct 17, 2023 | $0.290 | 0.249% |
| 5 | May 17, 2023 | Jul 03, 2023 | Jul 19, 2023 | $0.288 | 0.233% |
FAQ
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