HLT pushes through 100-day moving average

Hilton Worldwide Holdings Inc. (HLT) Technical Analysis Report for Apr 16, 2018 | by Techniquant Editorial Team


HLT closes above its opening price after recovering from early selling pressure
HLT pushes through 100-day moving average
HLT ends the day on a bullish note closing near the high of the day
HLT rises to highest close since March 21st
HLT stuck within tight trading range


HLT finished Monday at 80.53 gaining $0.92 (1.16%). Today's closing price of 80.53 marks the highest close since March 21st. Trading up to $0.49 lower after the open, Hilton Worldwide managed to reverse during the session as bulls took control ending the day above its opening price. Closing within the prior day's range, prices failed to decisively move past the previous day's trading range in a lackluster session. Ending with a strong close near the high of the day sets a bullish note for the next session.

Daily Candlestick Chart (HLT as at Apr 16, 2018):

Daily technical analysis candlestick chart for Hilton Worldwide Holdings Inc. (HLT) as at Apr 16, 2018

Monday's trading range was $1.07 (1.34%), that's below last trading month's daily average range of $1.99. Things look different on a weekly scale, where volatility is way above the markets average with the monthly volatility being slightly above average. Prices continued to consolidate within a tight trading range between 78.25 and 81.33 which it has been in now for the last three days.

During the whole day, prices traded within the prior day's range, unable to trade above the previous day's high or below the prior day's low forming an Inside Bar.

Prices are trading close to the key resistance level at 81.80.

The market shows strength in the short-term supported by its long-term uptrend with only the medium-term trend being bearish. The stock managed to break above the 100-day moving average at 80.29 today for the first time since March 26th.

Buying might speed up should prices move above the nearby swing high at 81.33 where further buy stops could get triggered. Further buying might move prices higher should the market test March's close-by high at 82.54.

Market Conditions for HLT as at Apr 16, 2018

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