HOVNANIAN ENTERPRISES-A (HOV) Stock Technical Analysis
USA - NYSE:HOV - US4424874018 - Common Stock
We assign a technical rating of 0 out of 10 to HOV. 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
117.46
When analyzing the support we notice one important area.
- A support zone ranging from 118.65 to 118.65. 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 128.67 to 129.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 133.24 to 135.26. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @143.91 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 | 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 | 12.94 | NEGATIVE | HOV has a low relative strength, it was outperformed by 87.06% 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 | MIXED | The current price of HOV is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.62 | NEUTRAL | The RSI value for HOV is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests HOV has a negative trend. |
| Stochastics (14,3) | 31.17 | NEUTRAL | The Stochastics value for HOV is a neutral value. |
| Average True Range in percent/ATR (20) | 4.81 | MEDIUM VOLATILITY | The ATR as a percentage value for HOV suggests some volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for HOV suggests a weak or negative trend. |
120.23
-2.01 (-1.64%)
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 37.6207. This indicates that the stock is currently neutral.
What is the support and resistance level for HOV stock?
HOVNANIAN ENTERPRISES-A (HOV) has a support level at 118.65 and a resistance level at 128.67. Check the full technical report for our detailed analysis of HOV support and resistance levels.