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Hotels, Resorts & Cruise Lines Industry Stocks Technical Analysis - HLTArchive - 4/19/2024 - Sign In to see current Signals. |
Hilton Worldwide Holdings Inc. (HLT) Technical Analysis
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| Summary:
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| | It was the negative week for the Hilton Worldwide Holdings Inc. (HLT). During the week, the HLT dropped -10.63 points, or -5.18%, and closed at 194.47 on Friday, April 19, 2024. HLT was trading at average weekly trading volume. Long-term trend: [See HLT long-term trend chart] A long-term uptrend had started on July 6, 2022 at 108.41 and reached 215.79 on March 28, 2024. HLT gained -107.38 points, or -99.05%, in 90 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (162.97) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See HLT medium-term trend chart] A medium-term uptrend had started on March 24, 2023 at 129.86 and reached 215.79 on March 28, 2024. HLT gained -85.93 points, or -66.17%, in 52 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (162.14) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a medium-term trend. Weekly Technical Indicators: [See HLT weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help. Short-term trend: [See HLT short-term trend chart] A short-term uptrend had started on September 25, 2023 at 146.00 and reached 215.79 on March 28, 2024. HLT gained -69.79 points, or -47.80%, in 185 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 148.57 and resistance is at 223.83. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend. Daily Technical Indicators: [See HLT daily technical indicators chart] Daily Relative Strength Index is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index or strongly oversold daily Lane's Stochastic. Use the following link to access Relative Strength Index help. The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is near its high and getting bigger. The price has closed on Friday below the lower Bollinger Band. It is considered a bearish signal. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level. Candlestick pattern: [See HLT candlestick chart pattern] On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.
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