NEW HORIZON AIRCRAFT LTD (HOVR) Technical Analysis
NASDAQ:HOVR • CA64550A1075
Current stock price
HOVR Technical Rating and Analysis
We assign a technical rating of 3 out of 10 to HOVR. Although HOVR is scoring some points because its good overall performance in the market in the past year, recent evolutions are not that positive. Both the medium and short term picture give negative signs.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- Looking at the yearly performance, HOVR did better than 96% of all other stocks.
- HOVR is part of the Aerospace & Defense industry. There are 80 other stocks in this industry. HOVR outperforms 96% of them.
- 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.
- In the last month HOVR has a been trading in the 1.25 - 1.94 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
HOVR Weekly and Daily overview Charts
HOVR Setup Rating and Analysis
Although the technical rating is bad, HOVR does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price.
More info and screens
HOVR Support and Resistance Analysis
1.30
We found 2 important support areas.
- Support @1.38 from a horizontal line in the daily time frame.
- Support @1.31 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @1.62 from a horizontal line in the daily time frame.
- Resistance @1.98 from a trend line in the weekly time frame.
HOVR Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HOVR is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for HOVR is neutral. |
| ChartMill Relative Strength | 96.75 | POSITIVE | HOVR has a high relative strength, it outperformed 96.75% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of HOVR is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HOVR is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HOVR is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.37 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests HOVR has a positive trend. |
| Stochastics (14,3) | 52.9 | NEUTRAL | The Stochastics value for HOVR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.58 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 26.4 | POSITIVE | The high ADX value value for HOVR suggests a strong trend. |
HOVR Chart- and CandleStick Pattern Analysis
HOVR Technicals: Chart, Performance Metrics, Trend & Indicators
1.58
+0.1 (+6.76%)
NEW HORIZON AIRCRAFT LTD / HOVR TA FAQ
What is the technical rating for HOVR stock?
ChartMill assigns a technical rating of 3 / 10 to HOVR.
What is the trend direction for HOVR stock?
The current trend direction for NEW HORIZON AIRCRAFT LTD (HOVR) is Bearish.
What is the RSI signal for NEW HORIZON AIRCRAFT LTD (HOVR) stock?
NEW HORIZON AIRCRAFT LTD (HOVR) has an RSI value of 48.3746. This indicates that the stock is currently neutral.
What is the short term momentum for HOVR stock?
The short term momentum for NEW HORIZON AIRCRAFT LTD (HOVR) is neutral.