HST runs into sellers again around 20.44
Host Hotels & Resorts (HST) Technical Analysis Report for May 17, 2018 | by Techniquant Editorial Team
HST finished Thursday at 20.31 gaining $0.10 (0.49%). Closing within the previous day's range, prices failed to decisively move past the prior 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 Candlestick Chart (HST as at May 17, 2018):
Thursday's trading range was $0.19 (0.94%), that's far below last trading month's daily average range of $0.34. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being slightly above average.
During the whole day, prices traded within the previous day's range, unable to trade above the prior day's high or below the previous day's low forming an Inside Bar. After moving lower in the prior session, the market managed to close higher but below the previous day's open, forming a bullish Harami Candle.
After having been unable to move above 20.45 in the prior session, the share ran into sellers again around the same price level today, failing to move higher than 20.44.
The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.
Selling might speed up should prices move below the nearby swing low at 20.07 where further sell stops could get activated.