NEW HORIZON AIRCRAFT LTD (HOVR) Stock Technical Analysis
NASDAQ:HOVR - Nasdaq - CA64550A1075 - Common Stock - Currency: USD
Overall HOVR gets a technical rating of 8 out of 10. In the last year, HOVR was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The long and short term trends are both positive. This is looking good!
HOVR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 75% of 65 stocks in the same industry.
Looking at the yearly performance, HOVR did better than 94% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
HOVR is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so HOVR is lagging the market slightly.
In the last month HOVR has a been trading in the 0.45 - 1.16 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although HOVR has an excellent technical rating, the quality of the presented setup is not ideal 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
0.47
1.09
When analyzing the support we can see 3 important areas.
- A support zone ranging from 0.89 to 0.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @0.51 from a trend line in the daily time frame.
- Support @0.47 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @1.08 from a trend line in the daily 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 | 94.58 | POSITIVE | HOVR has a high relative strength, it outperformed 94.58% 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) | 58 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0 | POSITIVE | The MACD value suggests HOVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.39 | NEUTRAL | The Stochastics value for HOVR is a neutral value. |
| Average True Range in percent/ATR (20) | 14.07 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 48.65 | 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)
0.9
-0.07 (-7.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-7.22%
1 Week-18.18%
2 Weeks-0.01%
1 Month84.99%
3 Month71.76%
6 Month24.07%
12 Month25%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%14.07%
ATR Inc-4.36%
Range Today0.17
ADR(20)0.13
ADR(20)%13.92%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.58
Mansfield3.54
10 Day High1.16
10 Day Low0.81
20 Day High1.16
20 Day Low0.45
52 Week High1.63
52 Week Low0.24
CS1 End0.89
CR1 Start1.08
Volume & EV
DER(3)0.55%
DER(5)-1.78%
Volume756.80K
Volume Incr-37.66%
Vol(5)742.86K
Vol(50)656.38K