Hyatt Hotels stock technical analysis

Hyatt Hotels Corporation is a hospitality company that develops, owns, operates, manages, franchises, licenses, or provides services to hotels, resorts, residential, and other properties.

Hyatt Hotels share forecast

We also trade stocks Stocks at the Set and Forget online trading community, and Hyatt Hotels is one of the countless examples where the imbalances are called way before price retraces to it. Talking about a great trade after the trade is in good profit can be done by everyone.

Let’s look at Hyatt Hotels’ weekly timeframe posted in the trading community last 27th January 2020. As explained in that analysis, we were looking to go long at a weekly demand level located around $81.63 per share.

Hyatt stock respecting imbalance

The price reaches that imbalance a week later, and you can see what happened four weeks later. Hyatt Hotels’ stock price is now trading at $92.86. It almost reached $95 per share. That’s a pretty strong reaction.

Were we paying attention to Hyatt Hotels’ stock fundamentals? Earnings announcements, cash balance? Nope! Why should we? There is a clear uptrend, and strong new imbalances are being created.

Do you want to cloud your mind and add a bit of confusion to your trading decisions? Let’s have a look at what some analysts have to say about Hyatt Hotels stock.

Hyatt — which has had a presence in China for more than five decades —has already closed 26 properties in the country in response to the virus, with many others running at extremely low occupancy. Hyatt currently operates 86 hotels throughout Mainland China and several in Hong Kong. In Singapore, a cluster of coronavirus cases were traced back to a multinational business meeting held at Grand Hyatt in the city-state in January.

Shouldn’t that be affecting Hyatt Hotels price? Probably, but look at what the stock price is telling us. Price is reacting to a strong demand imbalance.

Hyatt Hotels Stock price action analysis

This is the kind of price action technical analysis you will learn in our trading community. You will learn how to locate new supply and demand imbalances and trade without using any indicators, no news, no fundamental analysis, no earnings announcements, no volume or VSA analysis. Just supply and demand imbalances.

Trading supply and demand imbalances are ideal for beginners and those with a full or half-time job. You won’t need to stay in front of the computer all day long trying to move price action with your mind. 

As supply and demand traders, we do not need to pay attention to the news, fundamentals or any earnings reports. Once a big timeframe imbalance has gained control, earnings do just the opposite and react strongly to those imbalances. Why do you see positive earnings and then the underlying stock drops like a rock, or a negative earnings announcement and the stock rallies like a rocket out of control? You are probably missing the fact that there are big imbalances in gaining control.

You should not worry about fundamentals or earnings announcements unless you are doing very short-term trading and scalping.

You can use these imbalances to plan your trades in lower timeframes. Trading is just waiting for the right trigger points and scenarios to present themselves, this game has got a name, and it’s called the waiting game. We need to patiently wait for the correct scenarios and setups to happen and wait for price to pullback or dip into the price levels we want to trade, in our case these price levels are made of supply and demand imbalances.

Join our supply and demand trading course if you want to learn how to trade using our supply and demand trading strategy. There are several ways of buying stocks and futures. When trading stocks, you can buy shares of the underlying stock or use options strategies to go long or short at these specific supply and demand levels, long calls or long puts or spreads. You can even buy a CFD (contracts for difference) if you are in a country where it’s allowed.