Interesting Technical Analysis finding for HOST HOTELS & RESORTS INC (NASDAQ:HST)

A possible breakout setup was detected on HOST HOTELS & RESORTS INC (NASDAQ:HST) by our stockscreener. A breakout pattern is formed when a stock consolidates after a strong rise up. We note that this pattern is detected purely based on technical analysis and whether the breakout actually materializes remains to be seen. It could be interesting to keep an eye on NASDAQ:HST.

What is the technical picture of NASDAQ:HST telling us.

Every day, ChartMill assigns a Technical Rating to each stock, providing a score ranging from 0 to 10. This rating is determined by evaluating various technical indicators and properties.

Overall HST gets a technical rating of 10 out of 10. Both in the recent history as in the last year, HST has proven to be a steady performer, scoring decent points in every aspect analyzed.

• The long and short term trends are both positive. This is looking good!
• When comparing the yearly performance of all stocks, we notice that HST is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by HST over the past year are nicely spread over this period.
• HST is part of the Diversified REITs industry. There are 127 other stocks in this industry. HST outperforms 92% of them.
• HST 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.
• HST is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.

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

How do we evaluate the setup for NASDAQ:HST?

Next to the Technical Rating, the Setup Rating of a stock determines to which extend the stock is consolidating. This score also ranges from 0 to 10 and is updated daily. The setup score evaluates various short term technical indicators. For NASDAQ:HST this score is currently 8:

HST 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 20.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 20.40, a Stop Loss order could be placed below this zone.

How can NASDAQ:HST be traded?

A breakout opportunity may arise when the stock surpasses the current consolidation zone and reaches new highs. Traders often wait for this breakout before considering buying the stock. To manage risk, a stop loss order could be placed below the consolidation zone to limit potential losses.

Disclaimer: This article is not intended to provide trading advice. It is crucial to conduct your own analysis and consider your own observations and trading style when making investment decisions. The article solely presents technical observations and should not be relied upon as a sole basis for trading.

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

Keep in mind

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.