(INN) Summit Hotel complete technical analysis [charts+indicators] | Buy/Sell Summit Hotel | (INN) share price targets
Complete technical analysis of Summit Hotel (INN) by charts plus indicators, forecast predictions and share price targets for Summit Hotel (INN)
Summit Hotel trades in USA in Consumer Services sector.
10 day averaged volume of Summit Hotel is 490745
| Date | Daily Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.01 | 6.10 | 6.10 | 5.98 | 0.887 times |
| 16 Thu May 2024 | 6.07 | 5.99 | 6.09 | 5.97 | 1.219 times |
| 15 Wed May 2024 | 6.05 | 6.19 | 6.19 | 6.05 | 0.743 times |
| 14 Tue May 2024 | 6.13 | 6.12 | 6.16 | 6.05 | 1.03 times |
| 13 Mon May 2024 | 6.02 | 6.13 | 6.15 | 6.00 | 0.556 times |
My analysis of stock is bearish for shortterm, but stock is semi over sold and there are some chances of seeing a recovery tomorrow. Use 6 as stoploss in an intra day buy trade for a target of 6.14. However, stock will show a bearish move below 6.
Share price targets for Summit Hotel (INN)
| Target Type | Value |
| Downside Target | 5.97 |
| Upside Target | 6.33 |
| Upside Target | 6.39 |
| Upside Target | 6.44 |
| Upside Target | 6.54 |
| Upside Target | 6.57 |
| Upside Target | 6.63 |
| Upside Target | 6.75 |
| Upside Target | 6.95 |
Intraday share price targets for Summit Hotel (INN)
| Target Type | Value |
| Downside Intraday Target | 5.92 |
| Downside Intraday Target | 5.84 |
| Upside Intraday Target | 6.14 |
| Upside Intraday Target | 6.28 |
| Upside Intraday Target | 6.06 |
Weekly technical analysis of Summit Hotel (INN)
| Date | Weekly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.01 | 6.13 | 6.19 | 5.97 | 0.797 times |
| 10 Fri May 2024 | 6.06 | 6.29 | 6.31 | 6.02 | 0.844 times |
| 03 Fri May 2024 | 6.25 | 6.14 | 6.44 | 5.98 | 1.014 times |
| 26 Fri Apr 2024 | 6.13 | 6.19 | 6.39 | 6.06 | 1.074 times |
| 19 Fri Apr 2024 | 6.15 | 6.54 | 6.54 | 6.09 | 0.841 times |
Price has moved down this week, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming weeks.
Monthly technical analysis of Summit Hotel (INN)
| Date | Monthly Closing Price | Open | High | Low | Volume |
| 17 Fri May 2024 | 6.01 | 6.01 | 6.44 | 5.97 | 0.471 times |
| 30 Tue Apr 2024 | 6.01 | 6.57 | 6.63 | 5.99 | 0.935 times |
| 28 Thu Mar 2024 | 6.51 | 6.45 | 6.57 | 6.15 | 0.923 times |
| 29 Thu Feb 2024 | 6.42 | 6.48 | 6.75 | 6.26 | 1.091 times |
Price has moved down this month, but volume has not increased substantially. This means that the move can be temporary and might not continue in coming months.
Indicators analysis of Summit Hotel (INN)
| Indicator Name | Indicator Value | Indicator Signal |
| ADX | 33, 33, 0 | Sell |
| MACD | -0, -0 | Sell |
| Stochastics | 16 | Sell |
| CCI | -93 | Sell |
| RSI | 44 | Sell |
| OBV | 3072021 | Sell |
| VWAP | 6 | Sell |
| ADL | 0 | Sell |
| ROC | -4 | Sell |
| Force Index | 0 | Sell |
Price action analysis of Summit Hotel ( (INN) ) based on a short term time period is negative, but sellers have recently become active on the stock. This cannot be called a strong downtrend, specially if selected time duration is small
Price action analysis of Summit Hotel ( (INN) ) based on a short term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Hotel ( (INN) ) based on a short to mid term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
Price action analysis of Summit Hotel ( (INN) ) based on a mid to longer term time period is definitely negative. This means that there is a strong downtrend in the stock for given time period. Sellers are extremely active on this stock.
ADX buy sell signal for Summit Hotel stock for short term is SELL. Signal strength is Weak and stock is losing momentum.
MACD generated a SELL signal for Summit Hotel in short term and the sell signal is strong.
Summit Hotel Stock is trading near its recent LOWS in short term which reflects strong selling momentum. Bears are getting stronger in this stock.
Ichimoku cloud is of red color and prices are in or above the red cloud Prices appear to be coming down
CCI has generated a SELL signal for Summit Hotel in short term and SELL signal is strong!
RSI is generating a SELL signal in short term but selling is losing momentum.
MRSI is in negative zone. This is the SELL zone
Stock of Summit Hotel is picking up buying momentum according to indicator.
Volume based indicators are showing selling momentum.
Volume Weighted Averaged Price (VWAP) for short term is 6.11 and Summit Hotel (INN) stock is trading below this level. This means that stock is falling with high volumes. VWAP is falling down
People seem to be coming out and selling the Summit Hotel (INN) stock. Volume based technical analysis of Summit Hotel (INN) stock is negative.
Summit Hotel Stock has given negative returns over a short term period. Returns for a longer term period have been negative.
Force Index is moving in a negative zone, which indicates selling momentum for short term... Selling momentum is getting weaker.
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