HOVNANIAN ENTERPRISES-A (HOV) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HOV - US4424874018 - Common Stock
Taking everything into account, HOV scores 3 out of 10 in our technical rating. HOV has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
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 upside lately. For a nice entry it is better to wait for a consolidation.
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95.32
When analyzing the support we notice one important area.
- A support zone ranging from 96.28 to 97.63. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @124.61 from a trend line in the daily time frame.
- A resistance zone ranging from 132.94 to 133.99. 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 | NEUTRAL | NEUTRAL | The long term trend for HOV is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOV is neutral. |
| ChartMill Relative Strength | 43.87 | NEUTRAL | HOV is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of HOV is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOV is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 65.05 | NEUTRAL | The RSI value for HOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.2 | POSITIVE | The MACD value suggests HOV has a positive trend. |
| Stochastics (14,3) | 61.86 | NEUTRAL | The Stochastics value for HOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.01 | MEDIUM VOLATILITY | The ATR as a percentage value for HOV suggests some volalility. |
| Average Directional Index/ADX (14) | 22.6 | NEUTRAL | The ADX value for HOV suggests a possible start of a new trend. |
120.7
+14.53 (+13.69%)
HOVNANIAN ENTERPRISES-A / HOV FAQ
Can you provide the ChartMill technical rating for HOVNANIAN ENTERPRISES-A?
ChartMill assigns a technical rating of 3 / 10 to HOV.
Can you provide the trend direction for HOVNANIAN ENTERPRISES-A?
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 65.0477. This indicates that the stock is currently neutral.
What is the short term momentum for HOV stock?
The short term momentum for HOVNANIAN ENTERPRISES-A (HOV) is neutral.
What are the support and resistance levels for HOVNANIAN ENTERPRISES-A (HOV) stock?
HOVNANIAN ENTERPRISES-A (HOV) has a support level at 97.63 and a resistance level at 124.61. Check the full technical report for our detailed analysis of HOV support and resistance levels.