The question on everyone's mind: Will HILTON WORLDWIDE HOLDINGS IN breakout?

Our stock screener has identified HILTON WORLDWIDE HOLDINGS IN (NYSE:HLT) as a potential breakout candidate. This technical breakout setup pattern occurs when the stock consolidates after a strong uptrend. While the actual breakout is uncertain, it may be worth keeping an eye on NYSE:HLT.

In-Depth Technical Analysis of NYSE:HLT

ChartMill assigns a proprietary Technical Rating to each stock. The score is computed daily by evaluating various technical indicators and properties. The score ranges from 0 to 10.

We assign a technical rating of 10 out of 10 to HLT. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HLT is showing a nice and steady performance.

• Both the short term and long term trends are positive. This is a very positive sign.
• When comparing the yearly performance of all stocks, we notice that HLT is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by HLT over the past year are nicely spread over this period.
• HLT is one of the better performing stocks in the Hotels, Restaurants & Leisure industry, it outperforms 83% of 137 stocks in the same industry.
• HLT is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
• In the last month HLT has a been trading in a tight range between 175.80 and 183.51.

For an up to date full technical analysis you can check the technical report of HLT

Looking at the Setup

In addition to the Technical Rating, ChartMill provides a Setup Rating for each stock. This rating, ranging from 0 to 10, assesses the extent of consolidation in the stock based on multiple short-term technical indicators. Currently, NYSE:HLT has a 9 as its setup rating:

HLT has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 182.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 181.19, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HLT in the last couple of days, which is a good sign.

Trading breakout setups.

One way to play this would be to wait for the actual breakout to happen and buy when the stock breaks out above the current consolidation zone. A possible place for a stop loss would be below this zone.

This article should in no way be interpreted as trading advice. You should always make your own analysis and trade or not trade based on your own observations and style. The article is based purely on some technical observations.

Our Breakout screener lists more breakout setups and is updated daily.

Disclaimer

This is not investing advice! The article highlights some of the observations at the time of writing, but you should always make your own analysis and invest based on your own insights.