HANOVER BANCORP INC (HNVR) Stock Technical Analysis
USA - NASDAQ:HNVR - US4107091096 - Common Stock
Overall HNVR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HNVR is showing a nice and steady performance.
Besides having an excellent technical rating, HNVR also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 23.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.77, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HNVR in the last couple of days, which is a good sign. Another positive sign is the recent Pocket Pivot signal.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
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20.49
3 important support areas can be observed.
- A support zone ranging from 22.06 to 22.77. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 21.43 to 21.48. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 20.70 to 20.86. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 23.38 to 23.49. 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 | 77.71 | POSITIVE | HNVR has a high relative strength, it outperformed 77.71% off all stocks 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) | DOWN | MIXED | The current price of HNVR is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 63.86 | NEUTRAL | The RSI value for HNVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.07 | POSITIVE | The MACD value suggests HNVR has a positive trend. |
| Stochastics (14,3) | 68.22 | NEUTRAL | The Stochastics value for HNVR is a neutral value. |
| Average True Range in percent/ATR (20) | 2.32 | MEDIUM VOLATILITY | The ATR as a percentage value for HNVR suggests some volalility. |
| Average Directional Index/ADX (14) | 24.22 | NEUTRAL | The ADX value for HNVR suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 23.50 | 22.16 | 1.34 (5.70%) | 17.54% |
| An entry @23.50. This is a Buy Stop order right above the resistance zone. | An exit @22.16. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.34 points, which is 5.70%. | When investing 17.54% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
NASDAQ:HNVR (9/23/2025, 8:00:01 PM)
23.26
-0.09 (-0.39%)