Choice Hotels International Inc (CHH): Price Now Near $134.51; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for CHH

At the moment, CHH (Get Ratings)’s price is down $-0.06 (-0.04%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Of note is that the 100 hour changed directions on CHH; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Out of Restaraunts Hotels Motels stocks, CHH ranks 15th in regards to today’s price percentage change.

CHH’s Technical Outlook on the Daily Chart

At the moment, CHH’s price is up $1.07 (0.81%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. As for the trend on the daily timeframe, we see the clearest trend on the 100 day timeframe. Most noteworthy in the world of moving averages on the daily chart is that the 20 day moving average has been crossed, so that price is now turning above it. The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend. The chart below shows CHH’s price action over the past 90 days.

CHH

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CHH: Daily RSI Analysis

  • CHH’s RSI now stands at 46.0385.
  • CHH and RSI both have consistent trends, as they are both heading down.

For CHH News Traders

Investors and traders in CHH may be particularly interested in the following story that came out in the past day:

Choice Hotels Announces New Corporate Headquarters In North Bethesda, Maryland

Choice Hotels International, Inc. (NYSE: CHH), one of the world’s largest lodging franchisors, announced it has executed a lease for a new corporate headquarters in North Bethesda, Maryland. The new headquarters will occupy over 105,000 square feet of office space in the mixed-use development of Pike & Rose. The building is being developed by owner Federal Realty Investment Trust and Choice is expected to begin working there in the fourth quarter of 2023.

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