Taking everything into account, HNVR scores 8 out of 10 in our technical rating. Although HNVR is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although HNVR has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
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19.97
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.24 to 22.29. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @21.45 from a trend line in the weekly time frame.
- A support zone ranging from 20.17 to 20.70. 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 | UP | POSITIVE | The long term trend for HNVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HNVR is up. |
| ChartMill Relative Strength | 53.12 | NEUTRAL | HNVR is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HNVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HNVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HNVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.87 | NEUTRAL | The RSI value for HNVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HNVR has a negative trend. |
| Stochastics (14,3) | 44.95 | NEUTRAL | The Stochastics value for HNVR is a neutral value. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for HNVR suggests low volalility. |
| Average Directional Index/ADX (14) | 25.58 | POSITIVE | The high ADX value value for HNVR suggests a strong trend. |
23.5
-0.02 (-0.09%)
HANOVER BANCORP INC / HNVR FAQ
Can you provide the ChartMill technical rating for HANOVER BANCORP INC?
ChartMill assigns a technical rating of 8 / 10 to HNVR.
What is the trend direction for HNVR stock?
The current trend direction for HANOVER BANCORP INC (HNVR) is Bullish.
Can you provide the RSI signal for HANOVER BANCORP INC?
HANOVER BANCORP INC (HNVR) has an RSI value of 57.8692. This indicates that the stock is currently neutral.
What is the MACD signal for HANOVER BANCORP INC (HNVR) stock?
The MACD indicator for HANOVER BANCORP INC (HNVR) has a value of -0.060437, indicating a bearish trend.
What is the short term momentum for HNVR stock?
The short term momentum for HANOVER BANCORP INC (HNVR) is positive.