Summit Hotel Properties Stock Technical Analysis

INN Stock  USD 6.51  0.04  0.62%   
As of the 29th of March, Summit Hotel has the Variance of 3.17, risk adjusted performance of 0.0052, and Coefficient Of Variation of (34,008). Summit Hotel technical analysis provides you with a way to harness past market data to determine a pattern that measures the direction of the company's future prices. In other words, you can use this information to find out if the company will indeed mirror its model of past prices and volume data, or the prices will eventually revert. We were able to interpolate thirteen technical drivers for Summit Hotel Properties, which can be compared to its competition. Please validate Summit Hotel Properties variance and potential upside to decide if Summit Hotel is priced more or less accurately, providing market reflects its prevalent price of 6.51 per share. Given that Summit Hotel Properties has information ratio of (0.08), we advise you to double-check Summit Hotel Properties's current market performance to make sure the company can sustain itself at a future point.

Summit Hotel Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Summit, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Summit
  
Summit Hotel's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Summit Hotel Analyst Consensus

Target PriceAdvice# of Analysts
8.0Buy6Odds
Summit Hotel Properties current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Summit analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Summit stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Summit Hotel Properties, talking to its executives and customers, or listening to Summit conference calls.
Summit Analyst Advice Details
Summit Hotel technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Summit Hotel technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Summit Hotel trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Summit Hotel Properties Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Summit Hotel Properties volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Summit Hotel Properties Trend Analysis

Use this graph to draw trend lines for Summit Hotel Properties. You can use it to identify possible trend reversals for Summit Hotel as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Summit Hotel price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Summit Hotel Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Summit Hotel Properties applied against its price change over selected period. The best fit line has a slop of   0.0048  , which may imply that the returns on investment in Summit Hotel Properties will continue to fail. It has 122 observation points and a regression sum of squares at 0.87, which is the sum of squared deviations for the predicted Summit Hotel price change compared to its average price change.

About Summit Hotel Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Summit Hotel Properties on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Summit Hotel Properties based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Summit Hotel Properties price pattern first instead of the macroeconomic environment surrounding Summit Hotel Properties. By analyzing Summit Hotel's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Summit Hotel's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Summit Hotel specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.01520.03740.06450.0592
Price To Sales Ratio2.821.120.960.92

Summit Hotel March 29, 2024 Technical Indicators

Most technical analysis of Summit help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Summit from various momentum indicators to cycle indicators. When you analyze Summit charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Summit Hotel March 29, 2024 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Summit stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
When determining whether Summit Hotel Properties offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Summit Hotel's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Summit Hotel Properties Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Summit Hotel Properties Stock:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Summit Hotel Properties. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in board of governors.
You can also try the Idea Breakdown module to analyze constituents of all Macroaxis ideas. Macroaxis investment ideas are predefined, sector-focused investing themes.

Complementary Tools for Summit Stock analysis

When running Summit Hotel's price analysis, check to measure Summit Hotel's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Summit Hotel is operating at the current time. Most of Summit Hotel's value examination focuses on studying past and present price action to predict the probability of Summit Hotel's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Summit Hotel's price. Additionally, you may evaluate how the addition of Summit Hotel to your portfolios can decrease your overall portfolio volatility.
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Is Summit Hotel's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Summit Hotel. If investors know Summit will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Summit Hotel listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
(0.79)
Dividend Share
0.22
Earnings Share
(0.27)
Revenue Per Share
6.974
Quarterly Revenue Growth
0.03
The market value of Summit Hotel Properties is measured differently than its book value, which is the value of Summit that is recorded on the company's balance sheet. Investors also form their own opinion of Summit Hotel's value that differs from its market value or its book value, called intrinsic value, which is Summit Hotel's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Summit Hotel's market value can be influenced by many factors that don't directly affect Summit Hotel's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Summit Hotel's value and its price as these two are different measures arrived at by different means. Investors typically determine if Summit Hotel is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Summit Hotel's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.