NEW HORIZON AIRCRAFT LTD (HOVR) Stock Technical Analysis
NASDAQ:HOVR - Nasdaq - CA64550A1075 - Common Stock - Currency: USD
We assign a technical rating of 10 out of 10 to HOVR. 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.
In the last month HOVR has a been trading in the 1.28 - 2.52 range, which is quite wide. It is currently trading near the lows of this range.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, HOVR did better than 98% of all other stocks. We also observe that the gains produced by HOVR over the past year are nicely spread over this period.
HOVR is part of the Aerospace & Defense industry. There are 65 other stocks in this industry. HOVR outperforms 95% of them.
HOVR has an average volume of 2021390 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
HOVR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HOVR is lagging the market.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, HOVR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
1.45
2.20
When analyzing the support we notice one important area.
- Support @1.46 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- Resistance @2.18 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 | 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 | 98.91 | POSITIVE | HOVR has a high relative strength, it outperformed 98.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HOVR is below 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) | 51.78 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests HOVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 17.74 | OVERSOLD | The low Stochastics value suggests HOVR may be oversold. |
| Average True Range in percent/ATR (20) | 21.49 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 41.68 | POSITIVE | The high ADX value value for HOVR suggests a strong 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)
1.53
+0.01 (+0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg0.66%
1 Week-3.16%
2 Weeks1.32%
1 Month14.18%
3 Month263.77%
6 Month51.49%
12 Month183.86%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.24
ATR(20)%21.49%
ATR Inc-56.2%
Range Today0.11
ADR(20)0.32
ADR(20)%21.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.91
Mansfield8.93
10 Day High1.95
10 Day Low1.41
20 Day High2.52
20 Day Low1.28
52 Week High2.52
52 Week Low0.24
CS1 End1.46
CR1 Start2.18
Volume & EV
DER(3)1.65%
DER(5)-1.65%
Volume658.20K
Volume Incr-74.02%
Vol(5)905.26K
Vol(50)2.02M