HLT pushes through 100-day moving average


Hilton Worldwide Holdings Inc (HLT) Technical Analysis Report for Apr 16, 2018 [1 min read]
Highlights
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
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

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 chart for HLT
Volatility

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.

Price Action

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.

Support/Resistance

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

Trend

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.

Order Flow

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.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for Hilton Worldwide Holdings Inc
ConditionForecastDirectionWinAvgWorstBestEvents
Northern Doji TQ Pro Members Only
Bullish Bounce off SMA 50 TQ Pro Members Only
Doji TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
More market conditions identified for TQ Pro members...
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