HTHT UPGRADED from 0 to 1
During our initiation of coverage note last week we noted that China Lodging had a few positive indicators arising but the conflict in our regression and strength weightings left it with a Tech Rating of 0. That has changed with our short term exponential moving average peeking above mid term and long term averages. Stochastics in overbought, RSI without much headroom and our unpublished trend indicator at maximum prevent a higher rating for now.
Price and moving averages:
HTHT(China Lodging) has closed above its short term moving average.
Short term moving average is currently above mid term, and above long term moving averages.
Mid term moving average is currently below long term
The relationship between price and moving averages is: bullish in short term, and neutral to cautionary in mid-long term.
Bollinger Bands:
HTHT(China Lodging) has closed below upper band by 28.3%.
Bollinger Bands are 28.1% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
CCI is in our neutral range at 60.452
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 17 period(s) ago.
Since MACD crossed its moving average, HTHT's price has increased 15.01%
and has ranged from a high of 25.99 to a low of 21.20
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
Current rating is 1
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
Price and moving averages:
HTHT(China Lodging) has closed above its short term moving average.
Short term moving average is currently above mid term, and above long term moving averages.
Mid term moving average is currently below long term
The relationship between price and moving averages is: bullish in short term, and neutral to cautionary in mid-long term.
Bollinger Bands:
HTHT(China Lodging) has closed below upper band by 28.3%.
Bollinger Bands are 28.1% wider than normal.
The current width of the bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.
CCI is in our neutral range at 60.452
MACD
Crossovers:
Currently MACD is bullish since it is trading above its signal line.
MACD crossed above its signal line 17 period(s) ago.
Since MACD crossed its moving average, HTHT's price has increased 15.01%
and has ranged from a high of 25.99 to a low of 21.20
Overbought/Oversold:
MACD is not in an Overbought/Oversold range.
Divergence:
There have been no divergence signals within the last 5 periods.
Current rating is 1
Tech ratings are 3 to -3 indicating bullish to bearish; a zero is neutral to cautionary.
This commentary is not a recommendation to buy or sell. Use at your own risk.
Disclosure: the firm does not currently hold a position in this stock and has no plans to create a long or short position over the next 5 business days.
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