HOV Technical Analysis - HOVNANIAN ENTERPRISES-A

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to HOV. In the last year, HOV was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

When comparing the yearly performance of all stocks, HOV is a bad performer in the overall market: 81% of all stocks are doing better.

In the last month HOV has a been trading in the 126.75 - 162.06 range, which is quite wide. It is currently trading near the lows of this range.

The short term trend is negative, the long term trend is neutral. Not much exciting going on here.

HOV is an average performer in the Household Durables industry, it outperforms 41% of 63 stocks in the same industry.

HOV is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOV is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

HOVNANIAN ENTERPRISES-A / HOV Weekly stock chart

HOVNANIAN ENTERPRISES-A / HOV Daily stock chart

Setup Rating and Analysis

The technical rating of HOV is bad and it also does not present a quality setup 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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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

127.20

157.72

When analyzing the support we notice one important area.

A support zone ranging from 128.48 to 130.34. This zone is formed by a combination of multiple trend lines in multiple time frames.

3 important resistance areas can be observed.

A resistance zone ranging from 131.35 to 135.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Resistance @148.31 from a trend line in the weekly time frame.
Resistance @156.16 from a horizontal line in the daily time frame.

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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	NEUTRAL	NEUTRAL	The long term trend for HOV is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HOV is down.
ChartMill Relative Strength	19.65	NEGATIVE	HOV has a low relative strength, it was outperformed by 80.35% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HOV is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of HOV is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of HOV is above a declining SMA(200).
Relative Strength Index/RSI (14)	41.5	NEUTRAL	The RSI value for HOV is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.31	NEGATIVE	The MACD value suggests HOV has a negative trend, although the MACD value is rising.
Stochastics (14,3)	9.87	OVERSOLD	The low Stochastics value suggests HOV may be oversold.
Average True Range in percent/ATR (20)	5.28	HIGH VOLATILITY	The high ATR as a percentage value for HOV suggests high volalility.
Average Directional Index/ADX (14)	14.13	NEGATIVE	The low ADX value for HOV suggests a weak or negative trend.