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- 1 Hilton stock price is currently trading at $147.81 with a rise of 0.15% in the last 24 hours with a current market cap of $38.654 Billion.
- 2 Hilton stock price has been consolidating inside the horizontal price range of $157 and $146 over the daily time frame chart.
Hilton price prediction suggests bears and bulls are yet to gain a proper grasp on the trend. Investors might prefer to wait for a confluence of multiple technical indicators in order to decide the direction of the trend. Meanwhile, there is a slight increase in the green candles of volume which suggests that the HLT price is attracting buyers at the demand zone.
Investor sentiments regarding the Hilton price are indecisive at present and may remain negative unless the buyers start stepping into the price action with substantial momentum. However, according to the technical indicators and price action, the odds are lining in the bull’s favor on the weekly timeframe.
Hilton stock price needs to attract buyers to surge toward the upper trendline of the consolidation phase over the daily time frame chart. Meanwhile, the Hilton share price is trying to gather support and surge towards 50 and 100-day Daily Moving Averages. Hilton shares have been consolidating inside the horizontal price range of $146 and $157.
Nevertheless, Hilton’s stock price has declined around -4.03% in a week but gained 0.32% in a month. Also, the HLT share price gained around 6.37% in the last three months and gained 10.27% over the last six months. However, analysts believe that the share price may bounce back from the lower levels.
Hilton Stock Price Has Been Consolidating Inside the Price Range
Hilton stock price must initiate its recovery rally to reach the upper threshold of the consolidation phase. However, the Hilton shares need to accumulate buyers in order to surge towards its recovery phase. Meanwhile, the Hilton share price has slipped below the 20, 50, and 100-day daily moving averages. Moreover, Hilton shares must register its breakout from the consolidation phase over the daily time frame chart.
Technical indicators suggest that the consolidation phase of the Hilton stock price. Relative strength index (RSI) showcases the sideways momentum of Hilton shares. RSI was at 41.91 and is heading towards the oversold territory.
MACD exhibits the consolidation phase of the Hilton share price. The MACD line is flat above the signal line waiting for any crossover. Investors in Hilton stock need to wait for any directional change over the daily time frame chart.
Summary
On the daily time frame chart, the Hilton stock price has been consolidated between the horizontal price bands of $146 and $147. However, in order to accelerate towards its recovery phase, Hilton shares must amass purchasers. Technical indicators point to a period of price consolidation for the HLT stock. Investors in Hilton stock must watch the daily time frame chart for any directional changes. However, Investors and traders should wait for proper setup for the next move and avoid FOMO.
Technical Levels
- Support Levels: $144.00 and $140.00.
- Resistance levels: $157.00 and $150.00.
Disclaimer
The analysis provided in this article is for informational and educational purposes only. Do not rely on this information as financial, investment, or trading advice. Investing and trading in stock involves risk. Please assess your situation and risk tolerance before making any investment decisions.
With a background in journalism, Ritika Sharma has worked with many reputed media firms focusing on general news such as politics and crime. She joined The Coin Republic as a reporter for crypto, and found a great passion for cryptocurrency, Web3, NFTs and other digital assets. She spends a lot of time researching and delving deeper into these concepts around the clock, and is a strong advocate for women in STEM.
