HST closes higher for the 2nd day in a row


Host Hotels & Resorts (HST) Technical Analysis Report for Jul 13, 2018 [1 min read]
Highlights
HST closes below its opening price unable to hold early session gains
HST pushes through 20-day moving average
HST finds support at 50-day moving average
HST closes higher for the 2nd day in a row
HST runs into sellers again around 21.28
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, HST ended the week -0.66% lower at 21.18 after edging higher $0.01 (0.05%) today on low volume. Trading $0.07 higher after the open, Host Hotels was unable to hold its gains as the bears took control ending the day below 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 the day with an indecisive close, neither buyers nor sellers were able to gain control during the session.

Daily chart for HST
Volatility

Friday's trading range was $0.18 (0.85%), that's far below last trading month's daily average range of $0.32. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being below average.

Support/Resistance

Prices are trading close to a key support level at 21.03. After having been unable to move above 21.25 in the prior session, the stock ran into sellers again around the same price level today, failing to move higher than 21.28. After trading as low as 21.10 during the day, the market found support at the 50-day moving average at 21.15.

Trend

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term. The share managed to break above the 20-day moving average at 21.18 today for the first time since July 6th.

Order Flow

Selling might accelerate should prices move below the nearby swing low at 20.96 where further sell stops could get activated. As prices are trading close to July's low at 20.71, downside momentum might speed up should HST mark new lows for the month.

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 Host Hotels & Resorts
ConditionForecastDirectionWinAvgWorstBestEvents
Bearish Bounce off SMA 50 TQ Pro Members Only
Closed below last periods low TQ Pro Members Only
Bearish Break through SMA 20 TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
Close to Swing High TQ Pro Members Only
More market conditions identified for TQ Pro members...
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