There are signs that NYSE:HLT may be ready to breakout.

Our stock screener has flagged HILTON WORLDWIDE HOLDINGS IN (NYSE:HLT) as a potential breakout candidate. This occurs when the stock shows signs of consolidation after a notable upward trend. While we can't predict the actual breakout, it's worth monitoring NYSE:HLT for potential movement.

What is the technical picture of NYSE:HLT telling us.

As part of its analysis, ChartMill provides a comprehensive Technical Rating for each stock. This rating, ranging from 0 to 10, is updated on a daily basis and is based on the evaluation of various technical indicators and properties.

Taking everything into account, HLT scores 9 out of 10 in our technical rating. 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 85% 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 75% of 133 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 the 242.39 - 259.01 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.

Check the latest full technical report of HLT for a complete technical analysis.

How do we evaluate the setup for NYSE:HLT?

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

Besides having an excellent technical rating, HLT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 258.47. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 250.54, 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. Another positive sign is the recent Pocket Pivot signal.

Trading setups like NYSE:HLT

For a potential trade one would typically wait until the stock breaks out of the consolidation zone to enter the stock and it could be sold again for a loss when it would fall back below the 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.

Keep in mind

Important Note: The content of this article is not intended as trading advice. It is essential to perform your own analysis and exercise caution when making trading decisions. The article presents observations created by automated analysis but does not guarantee any trading or investment outcomes. Always trade responsibly and make independent judgments.