HANOVER BANCORP INC (HNVR) Technical Analysis
NASDAQ:HNVR • US4107091096
Current stock price
HNVR Technical Rating and Analysis
Taking everything into account, HNVR scores 0 out of 10 in our technical rating. HNVR scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 78% of all other stocks performed better in the past year than HNVR.
- HNVR is one of the lesser performing stocks in the Banks industry. 91% of 381 stocks in the same industry do better.
- In the last month HNVR has a been trading in the 20.19 - 23.00 range, which is quite wide. It is currently trading near the lows of this range.
- Warning: HNVR has an average volume of 13046 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- HNVR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HNVR is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
HNVR Weekly and Daily overview Charts
HNVR Setup Rating and Analysis
Although the technical rating is bad, HNVR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 20.59, a Stop Loss order could be placed below this zone.
More info and screens
HNVR Support and Resistance Analysis
19.97
2 important support areas can be observed.
- Support @20.59 from a horizontal line in the weekly time frame.
- A support zone ranging from 20.17 to 20.17. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 20.70 to 21.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 22.52 to 22.54. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @23.24 from a trend line in the weekly time frame.
- Resistance @24.04 from a horizontal line in the daily time frame.
HNVR Technical Indicator Signal Analysis
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for HNVR is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HNVR is down. |
| ChartMill Relative Strength | 22.27 | NEGATIVE | HNVR has a low relative strength, it was outperformed by 77.73% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HNVR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HNVR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HNVR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 30.72 | NEUTRAL | The RSI value for HNVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests HNVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 15.75 | OVERSOLD | The low Stochastics value suggests HNVR may be oversold. |
| Average True Range in percent/ATR (20) | 3.05 | MEDIUM VOLATILITY | The ATR as a percentage value for HNVR suggests some volalility. |
| Average Directional Index/ADX (14) | 25.82 | POSITIVE | The high ADX value value for HNVR suggests a strong trend. |
HNVR Chart- and CandleStick Pattern Analysis
HNVR Technicals: Chart, Performance Metrics, Trend & Indicators
20.6
-0.13 (-0.63%)
HANOVER BANCORP INC / HNVR TA FAQ
Can you provide the ChartMill technical rating for HANOVER BANCORP INC?
ChartMill assigns a technical rating of 0 / 10 to HNVR.
What is the current trend direction of HANOVER BANCORP INC (HNVR) stock?
The current trend direction for HANOVER BANCORP INC (HNVR) is Bearish.
Can you provide the RSI signal for HANOVER BANCORP INC?
HANOVER BANCORP INC (HNVR) has an RSI value of 30.7175. This indicates that the stock is currently neutral.
What is the short term momentum for HNVR stock?
The short term momentum for HANOVER BANCORP INC (HNVR) is negative.
Can you provide the buy/sell signal for HANOVER BANCORP INC?
The buy/sell signal for HANOVER BANCORP INC (HNVR) is sell as both the short term and long term trends are negative.