We assign a technical rating of 4 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.
- In the last month HOVR has a been trading in the 1.67 - 2.55 range, which is quite wide. It is currently trading near the lows of this range.
- Looking at the yearly performance, HOVR did better than 97% of all other stocks.
- HOVR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 94% of 73 stocks in the same industry.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- 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.
HOVR has an average technical rating and it also does not offer a high 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
1.49
4 important support areas can be observed.
- Support @1.74 from a trend line in the daily time frame.
- Support @1.69 from a horizontal line in the daily time frame.
- Support @1.62 from a trend line in the weekly time frame.
- Support @1.50 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 1.84 to 1.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.13 from a trend line in the daily time frame.
- Resistance @2.28 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 HOVR is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HOVR is down. |
| ChartMill Relative Strength | 97.42 | POSITIVE | HOVR has a high relative strength, it outperformed 97.42% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HOVR is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of HOVR is below 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) | 46.05 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests HOVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 21.98 | NEUTRAL | The Stochastics value for HOVR is a neutral value. |
| Average True Range in percent/ATR (20) | 12.53 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 19.92 | NEGATIVE | The low ADX value for HOVR suggests a weak or negative trend. |
NASDAQ:HOVR (2/11/2026, 9:39:03 AM)
1.83
-0.02 (-1.08%)
NEW HORIZON AIRCRAFT LTD / HOVR FAQ
What is the technical rating for HOVR stock?
ChartMill assigns a technical rating of 4 / 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 HOVR stock?
NEW HORIZON AIRCRAFT LTD (HOVR) has an RSI value of 46.0455. This indicates that the stock is currently neutral.
What are the support and resistance levels for NEW HORIZON AIRCRAFT LTD (HOVR) stock?
NEW HORIZON AIRCRAFT LTD (HOVR) has a support level at 1.84 and a resistance level at 1.86. Check the full technical report for our detailed analysis of HOVR support and resistance levels.