Huazhu Group Limited Stock Forecast
Red day on Friday for Huazhu Group Limited
(Updated on Mar 24, 2023)
The Huazhu Group Limited stock price fell by -3.26% on the last day (Friday, 24th Mar 2023) from $49.09 to $47.49. During the last trading day the stock fluctuated 4.01% from a day low at $47.26 to a day high of $49.16. The price has risen in 7 of the last 10 days but is still down by -1.7% for this period. 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 -587 thousand shares and in total, 847 thousand shares were bought and sold for approximately $40.23 million.
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Given the current short-term trend, the stock is expected to rise 11.22% during the next 3 months and, with a 90% probability hold a price between $52.82 and $61.26 at the end of this 3-month period.
HTHT Signals & Forecast
There are few to no technical positive signals at the moment. The Huazhu Group Limited stock holds sell signals from both short and long-term moving averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $48.28 and $49.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, February 13, 2023, and so far it has fallen -9.53%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Huazhu Group Limited stock
Huazhu Group Limited finds support from accumulated volume at $45.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.90 between high and low, or 4.01%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HTHT) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Huazhu Group Limited to open at $47.97, and during the day (based on 14 day Average True Range), to move between $45.65 and $49.33, which gives a possible trading interval of +/-$1.84 (+/-3.88%) up or down from last closing price. If Huazhu Group Limited takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $47.51 (0.04%) than the support at $45.50 (4.19%), 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 Huazhu Group Limited stock A Buy?
The Huazhu Group Limited stock holds several negative signals and despite the positive trend, we believe Huazhu Group Limited will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.283 Open Broker Account
Sell Candidate UnchangedPredicted Opening Price for Huazhu Group Limited of Monday, March 27, 2023
The predicted opening price is based on yesterday's movements between high, low, and closing price.
| Fair opening price March 27, 2023 | Current price |
|---|---|
| $47.97 | $47.49 (Undervalued) |
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Trading levels for HTHT
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.86 | 5.00 % | |
| R2 | 49.14 | 3.47 % | ||
| R1 | 48.69 | 2.53 % | ||
| Current price: | 47.49 | |||
| Support | S1 | 47.24 | -0.517 % | |
| S2 | 46.80 | -1.46 % | ||
| S3 | 46.07 | -2.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 49.35 | 3.92 % | |
| R2 | 47.59 | 0.211 % | ||
| R1 | 47.51 | 0.0421 % | ||
| Current price | 47.49 | |||
| Support | S1 | 45.50 | -4.19% | |
| S2 | 45.39 | -4.42% | ||
| S3 | 44.19 | -6.95% |
FAQ
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About Huazhu Group Limited
H World Group Limited, together with its subsidiaries, develops leased and owned, manachised, and franchised hotels primarily in the People's Republic of China. The company operates hotels under its own brands, such as HanTing Hotel, Ni Hao Hotel, Hi Inn, Elan Hotel, Zleep Hotels, Ibis Hotel, JI Hotel, Orange Hotel, Starway Hotel, Ibis Styles Hotel, Crystal Orange Hotel, IntercityHotel, Manxin Hotel, Mercure Hotel, Madison Hotel, Novotel Hotel, J... HTHT Profile
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