HOVNANIAN ENTERPRISES-A (HOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HOV - US4424874018 - Common Stock
Overall HOV gets a technical rating of 0 out of 10. 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 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.
More info and screens
89.03
When analyzing the support we can see 2 important areas.
- Support @97.14 from a trend line in the daily time frame.
- Support @89.93 from a horizontal line in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 106.93 to 108.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @127.61 from a trend line in the daily time frame.
- A resistance zone ranging from 133.23 to 134.03. 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 | 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 | 14.66 | NEGATIVE | HOV has a low relative strength, it was outperformed by 85.34% 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) | 38.09 | NEUTRAL | The RSI value for HOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests HOV has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.85 | NEUTRAL | The Stochastics value for HOV is a neutral value. |
| Average True Range in percent/ATR (20) | 6.15 | HIGH VOLATILITY | The high ATR as a percentage value for HOV suggests high volalility. |
| Average Directional Index/ADX (14) | 22.29 | NEUTRAL | The ADX value for HOV suggests a possible start of a new trend. |
99.36
-2.41 (-2.37%)
HOVNANIAN ENTERPRISES-A / HOV FAQ
What is the technical rating for HOV stock?
ChartMill assigns a technical rating of 0 / 10 to HOV.
What is the trend direction for HOV stock?
The current trend direction for HOVNANIAN ENTERPRISES-A (HOV) is Bearish.
Can you provide the RSI signal for HOVNANIAN ENTERPRISES-A?
HOVNANIAN ENTERPRISES-A (HOV) has an RSI value of 38.0874. This indicates that the stock is currently neutral.
What is the buy/sell signal for HOV stock?
The buy/sell signal for HOVNANIAN ENTERPRISES-A (HOV) is sell as both the short term and long term trends are negative.
Can you provide the support and resistance levels for HOVNANIAN ENTERPRISES-A?
HOVNANIAN ENTERPRISES-A (HOV) has a support level at 97.14 and a resistance level at 106.93. Check the full technical report for our detailed analysis of HOV support and resistance levels.