HOVNANIAN ENTERPRISES-A (HOV) Stock Technical Analysis
NYSE:HOV - New York Stock Exchange, Inc. - US4424874018 - Common Stock - Currency: USD
Overall HOV gets a technical rating of 7 out of 10. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, HOV is a bad performer.
74% of all other stocks performed better in the past year than HOV.
The long and short term trends are both positive. This is looking good!
In the last month HOV has a been trading in the 105.00 - 137.79 range, which is quite wide. It is currently trading near the high of this range.
HOV is part of the Household Durables industry. There are 63 other stocks in this industry, HOV did better than 54% of them.
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.
Considerably lower volume is observed in the last couple of days.
Although HOV 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.
More info and screens
87.46
135.72
4 important support areas can be observed.
- A support zone ranging from 119.46 to 119.66. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @93.45 from a trend line in the weekly time frame.
- Support @89.93 from a horizontal line in the weekly time frame.
- Support @88.34 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 134.38 to 134.38. 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 HOV is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOV is up. |
| ChartMill Relative Strength | 26.65 | NEGATIVE | HOV has a low relative strength, it was outperformed by 73.35% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOV is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOV is above 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) | 66.8 | NEUTRAL | The RSI value for HOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.85 | POSITIVE | The MACD value suggests HOV has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 82.95 | OVERBOUGHT | The high Stochastics value suggests HOV may be overbought. |
| Average True Range in percent/ATR (20) | 4.82 | MEDIUM VOLATILITY | The ATR as a percentage value for HOV suggests some volalility. |
| Average Directional Index/ADX (14) | 28.63 | POSITIVE | The high ADX value value for HOV suggests a strong 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)
134.37
+1.14 (+0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg0.86%
1 Week0.58%
2 Weeks10.23%
1 Month14.82%
3 Month20.5%
6 Month-1.03%
12 Month-30.43%
2 Year13.07%
3 Year235.17%
5 Year329.02%
10 Year-88.5%
15 Year-93.71%
Volatility
ATR(14)6.07
ATR(20)%4.82%
ATR Inc4.33%
Range Today6.94
ADR(20)6.18
ADR(20)%4.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS26.65
Mansfield-1.12
10 Day High137.79
10 Day Low117.95
20 Day High137.79
20 Day Low105
52 Week High240.34
52 Week Low81.15
CS1 End119.66
CR1 Start134.38
Volume & EV
DER(3)1.56%
DER(5)0.44%
Volume146.00K
Volume Incr-30.43%
Vol(5)108.90K
Vol(50)181.02K