HANOVER BANCORP INC/NY (HNVR) Stock Technical Analysis
NASDAQ:HNVR - Nasdaq - US4107102067 - Common Stock - Currency: USD
Overall HNVR gets a technical rating of 3 out of 10. Although HNVR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
In the last month HNVR has a been trading in the 20.79 - 23.29 range, which is quite wide. It is currently trading near the lows of this range.
Warning: HNVR has an average volume of 19782 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
When comparing the yearly performance of all stocks, we notice that HNVR is one of the better performing stocks in the market, outperforming 75% of all stocks.
HNVR is part of the Banks industry. There are 395 other stocks in this industry, HNVR did better than 64% of them.
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.
Although the technical rating is bad, HNVR does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 21.27, a Stop Loss order could be placed below this zone.
More info and screens
18.57
23.87
We found 5 important support areas.
- A support zone ranging from 20.97 to 21.27. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @20.22 from a trend line in the weekly time frame.
- Support @19.72 from a trend line in the daily time frame.
- A support zone ranging from 19.16 to 19.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @18.76 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 21.92 to 22.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @22.71 from a trend line in the daily time frame.
- A resistance zone ranging from 23.38 to 23.63. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | 75.17 | POSITIVE | HNVR has a high relative strength, it outperformed 75.17% 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) | UP | MIXED | The current price of HNVR is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of HNVR is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.37 | NEUTRAL | The RSI value for HNVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.08 | NEGATIVE | The MACD value suggests HNVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 20.47 | NEUTRAL | The Stochastics value for HNVR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.8 | MEDIUM VOLATILITY | The ATR as a percentage value for HNVR suggests some volalility. |
| Average Directional Index/ADX (14) | 16.99 | NEGATIVE | The low ADX value for HNVR suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
21.27
-0.21 (-0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.98%
1 Week-0.47%
2 Weeks-2.25%
1 Month-7.58%
3 Month-6.09%
6 Month-4.87%
12 Month28.91%
2 Year20.37%
3 Year4.06%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.67
ATR(20)%2.8%
ATR Inc133.56%
Range Today0.63
ADR(20)0.55
ADR(20)%2.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.17
Mansfield-0.37
10 Day High22.8
10 Day Low20.79
20 Day High23.29
20 Day Low20.79
52 Week High27.14
52 Week Low15.92
CS1 End21.27
CR1 Start21.92
Volume & EV
DER(3)-2.34%
DER(5)-2.45%
Volume41.60K
Volume Incr7.59%
Vol(5)14.74K
Vol(50)19.78K