NEW HORIZON AIRCRAFT LTD (HOVR) Stock Technical Analysis
USA - NASDAQ:HOVR - CA64550A1075 - Common Stock
2.23 USD
+0.2 (+9.85%)
2.2295 USD
0 (-0.02%)
Taking everything into account, HOVR scores 9 out of 10 in our technical rating. Both in the recent history as in the last year, HOVR has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
HOVR is part of the Aerospace & Defense industry. There are 69 other stocks in this industry. HOVR outperforms 95% of them.
HOVR is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so HOVR is lagging the market slightly.
In the last month HOVR has a been trading in the 1.56 - 2.24 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
When comparing the yearly performance of all stocks, we notice that HOVR is one of the better performing stocks in the market, outperforming 97% of all stocks. However, this overall performance is mostly based on the strong move around 4 months ago.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although HOVR has an excellent technical rating, it does not offer a high 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.
More info and screens
1.55
2.26
When analyzing the support we can see 3 important areas.
- A support zone ranging from 1.74 to 1.74. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 1.66 to 1.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @1.57 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- Resistance @2.24 from a horizontal 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 | UP | POSITIVE | The long term trend for HOVR is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HOVR is up. |
| ChartMill Relative Strength | 97.64 | POSITIVE | HOVR has a high relative strength, it outperformed 97.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HOVR is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HOVR is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of HOVR is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.3 | OVERBOUGHT | The high RSI value suggests HOVR may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests HOVR has a positive trend. |
| Stochastics (14,3) | 80.49 | OVERBOUGHT | The high Stochastics value suggests HOVR may be overbought. |
| Average True Range in percent/ATR (20) | 6.08 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 21.4 | NEUTRAL | The ADX value for HOVR 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)
2.23
+0.2 (+9.85%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg9.85%
1 Week31.95%
2 Weeks39.38%
1 Month41.14%
3 Month0.45%
6 Month313.19%
12 Month298.36%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.13
ATR(20)%6.08%
ATR Inc214.84%
Range Today0.32
ADR(20)0.13
ADR(20)%6.03%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.64
Mansfield11.79
10 Day High2.24
10 Day Low1.57
20 Day High2.24
20 Day Low1.56
52 Week High2.52
52 Week Low0.24
CS1 End1.74
CR1 Start2.24
Volume & EV
DER(3)5.52%
DER(5)0.08%
Volume2.01M
Volume Incr206.12%
Vol(5)1.70M
Vol(50)921.83K