Indicators argue for a technical correction after the last bullish movement recorded during the last sessions.
From a fundamental viewpoint, firstly, we note the high valuation of the company. The P/E ratio for the current year is at 22.47x and expected at 30.15x for next year. With a valuation ratio (Enterprise value/Revenue) of 3.23x, the group appears overvalued compared to its business activity.
Technically, the security could run out of steam close to the USD 40.25 resistance. Indeed, the stock is moving in an upward trend in the short term but it could know a halt. In this context, the downward movement could come back and it should expect a return to USD 36.9. Indicators that show an overbought situation confirm this scenario.
The graphical configuration argues to establish a short position at the current price. The end of the technical rebound, the consolidation phase and overbought situation imply that Ryman Hospitality has all the characteristics for short selling. The first objective will be fixed near the USD 36.9 short term support This strategy should be protected by a stop loss above USD 41.
Ryman Hospitality Properties, Inc. is a lodging and hospitality real estate investment trust that specializes in upscale convention center resorts and entertainment experiences. The Companyâs holdings include Gaylord Opryland Resort & Convention Center, Gaylord Palms Resort & Convention Center, Gaylord Texan Resort & Convention Center, Gaylord National Resort & Convention Center, and Gaylord Rockies Resort &Convention Center, which are non-gaming convention center hotels in the United States based on total indoor meeting space. It also owns the JW Marriott San Antonio Hill Country Resort & Spa, as well as two ancillary hotels adjacent to its Gaylord Hotels properties. Its hotel portfolio is managed by Marriott International and includes a combined total of 11,414 rooms, as well as more than three million square feet of total indoor and outdoor meeting space in top convention and leisure destinations across the country. The Company also owns an interest in Opry Entertainment Group.
RYMAN HOSPITALITY PROPERTIES, INC. 
