HOVNANIAN ENTERPRISES-A (HOV) Stock Technical Analysis
NYSE:HOV - New York Stock Exchange, Inc. - US4424874018 - Common Stock - Currency: USD
Taking everything into account, HOV scores 0 out of 10 in our technical rating. HOV scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, HOV is a bad performer in the overall market: 88% of all stocks are doing better.
HOV is one of the lesser performing stocks in the Household Durables industry. 77% of 64 stocks in the same industry do better.
HOV is currently trading near the lower end of its 52 week range, which is not a good sign. The S&P500 Index is trading in the upper part of its 52 week range, so HOV is lagging the market.
In the last month HOV has a been trading in the 86.36 - 115.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been falling strongly lately, it is better to avoid new long positions here.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
The technical rating of HOV is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
87.00
141.17
When analyzing the support we notice one important area.
- A support zone ranging from 87.88 to 87.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @109.97 from a trend line in the daily time frame.
- Resistance @113.27 from a horizontal line in the daily time frame.
- Resistance @128.84 from a trend line in the daily time frame.
- Resistance @139.77 from a trend line in the weekly time frame.
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 HOV is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOV is down. |
| ChartMill Relative Strength | 12.51 | NEGATIVE | HOV has a low relative strength, it was outperformed by 87.49% 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) | DOWN | NEGATIVE | The current price of HOV is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOV is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.28 | NEUTRAL | The RSI value for HOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.51 | NEGATIVE | The MACD value suggests HOV has a negative trend. |
| Stochastics (14,3) | 5.55 | OVERSOLD | The low Stochastics value suggests HOV may be oversold. |
| Average True Range in percent/ATR (20) | 6.54 | HIGH VOLATILITY | The high ATR as a percentage value for HOV suggests high volalility. |
| Average Directional Index/ADX (14) | 20.54 | NEUTRAL | The ADX value for HOV suggests a possible start of a new 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)
87.89
-1.43 (-1.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg-1.6%
1 Week-18.68%
2 Weeks-14.22%
1 Month-10.97%
3 Month-27.7%
6 Month-51.64%
12 Month-37.01%
2 Year4.68%
3 Year71.69%
5 Year437.55%
10 Year-95.66%
15 Year-97.73%
Volatility
ATR(14)6.16
ATR(20)%6.54%
ATR Inc16.03%
Range Today3.23
ADR(20)5.33
ADR(20)%6.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS12.51
Mansfield-4.34
10 Day High115
10 Day Low86.37
20 Day High115
20 Day Low86.37
52 Week High240.34
52 Week Low81.15
CS1 End87.88
CR1 Start109.97
Volume & EV
DER(3)-3.76%
DER(5)-2.75%
Volume99.40K
Volume Incr97.21%
Vol(5)107.44K
Vol(50)75.56K