Wednesday May 22, 2019 Change -0.83% Price $12.00
Chart period: 2019-02-25 - 2019-05-22
VOLUME
Sell
TREND
Buy
MV LONG
Buy

MV SHORT
Sell

PIVOT
Buy

MACD
Sell

Will INN stock price go up or down on Thu, 23 May 2019?

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Summit Hotel Properties Inc Forecast and Stock Analysis

Technical INN stock analysis for Wednesday May 22, 2019.

Buy candidate since 2019-05-17 Loss -0.91%
Shorts 16.36% ( 2019-04-15 )
Insider % n/a
Institutional % n/a
Beta 0.65
ROA 3.71%
Price to book USD 1.08
P/E Ratio 15.64
Next Earnings Date 2019-07-31


Summit Hotel Properties Inc fell by -0.83% in the last day ( Wednesday, 22nd May 2019 ) from $12.10 to $12.00 During day the stock fluctuated 1.09% from a day low at $11.94 to a day high of $12.07. The price has been going up and down for this period, and there has been a -2.36% loss for the last 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -152 413 shares and in total 218 749 shares bought and sold for approximately $2.62 million.

Quick summary:

  • 30 day high of the INN stock price was $12.63 and low was $11.23.
  • 90 day high was $12.63 and low was $10.82.
  • 52 week high for the Summit Hotel Properties Inc - $15.61 and low - $9.29.

Trend

Summit Hotel Properties Inc lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.4% during the next 3 months and, with 90% probability hold a price between $12.65 and $13.83 at the end of this period.

Click here for today's Top 5 Trending Companies

Signals

Summit Hotel Properties Inc holds a sales 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. On further gains, the stock will meet resistance from the short-term moving average at approximately $12.17. On a fall, the stock will find some support from the long-term average at approximately $11.93. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Monday May 20, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

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A sell signal from a double bottom formation was found on Wednesday May 15, 2019 with a target of $12.26. Despite the objective of the signal formation has been reached the stock may continue to fall.

Relative Strength Index (RSI)

RSI14 is 43 and the stock is currently not being overbought or oversold

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at $11.39 and $11.38.

There is natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Summit Hotel Properties Inc finds support just below today's level at $11.39. If this is broken, then the next support from accumulated volume will be at $11.38 and $11.35.

Support: $11.39 Price: $12.00 Resistance: $12.11

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.13 (1.09%) between high and low. For the last week, the stock has had a daily average volatility of 1.58%.

Our recommended stoploss: $11.24 (-6.32%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from pivot bottom found 2 days ago.)

1.58 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Weaker Buy Today INN ranks #449 as BUY CANDIDATE #449 Stronger Buy
INN $12.00 ($-0.10 -0.83%)
INN is down $0.10 today, but where's it headed in 2019?
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Will INN stock price go up or down
on Thu, 23 May 2019?

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