Choice Hotels International (CHH) has shown recent bearish momentum, breaking below its 200-day moving average, which is a negative signal. The stock is currently trading near the lower end of its 52-week range, with a last trade price of $134.70. The RSI (Relative Strength Index) is at 27.4, indicating oversold conditions, which could signal a potential buying opportunity. However, the overall trend remains bearish.
Recent news indicates mixed sentiment. Truist Financial has maintained a Hold rating on CHH, with an average price target of $147.38 among analysts. However, the stock's recent performance and breaking below the 200-day moving average suggest caution.
Given the oversold RSI and potential for a short-term rebound, the stock could see a slight increase. However, the bearish trend and market sentiment suggest limited upside. Based on technical indicators and current trends, the stock is expected to trade between $126 and $138 in the next trading week.
Buy at the current price of $134.70, with a target price of $138. Monitor the stock closely for signs of trend reversal.
The price of CHH is predicted to go up -20.61%, based on the high correlation periods with TMDX. The similarity of these two price pattern on the periods is 98.32%.
CHH
TMDX
The completion of renovation and heavy termination activity at the Comfort brand in 2019 offers the opportunity for unit growth during the next several years.
The Ascend and Cambria brands are well positioned to address the select-service and lifestyle concept sought by much of the millennial demographic, while Choice's portfolio of four extended-stay brands address that underserved and high-growth market.
The Radisson brand generates revenue per available room above the consolidated average and expands Choice's loyalty membership presence, which should support its brand intangible.
Truist Securities
2025-03-21
Price Target
$136 → $144
Upside
+11.19%
Morgan Stanley
2025-03-04
Price Target
$131 → $139
Downside
-3.74%
Wells Fargo
2025-03-04
Price Target
$138 → $137
Downside
-5.12%