NEW HORIZON AIRCRAFT LTD (HOVR) Stock Technical Analysis
NASDAQ:HOVR - CA64550A1075 - Common Stock
1.66 USD
+0.08 (+5.06%)
1.6679 USD
+0.01 (+0.48%)
Overall HOVR gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, HOVR is showing a nice and steady performance.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, HOVR did better than 94% of all other stocks.
HOVR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 83% of 68 stocks in the same industry.
HOVR has an average volume of 1870580 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.
In the last month HOVR has a been trading in the 1.33 - 1.91 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
HOVR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 1.77. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 1.62, a Stop Loss order could be placed below this zone.
More info and screens
1.55
2.13
2 important support areas can be observed.
- A support zone ranging from 1.60 to 1.62. 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 can see 2 important resistance areas.
- A resistance zone ranging from 1.77 to 1.77. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @2.11 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 | NEUTRAL | NEUTRAL | The short term trend for HOVR is neutral. |
| ChartMill Relative Strength | 94.97 | POSITIVE | HOVR has a high relative strength, it outperformed 94.97% 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 | 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) | 52.04 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests HOVR has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 39.49 | NEUTRAL | The Stochastics value for HOVR is a neutral value. |
| Average True Range in percent/ATR (20) | 9.63 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 18.03 | NEGATIVE | The low ADX value for HOVR suggests a weak or negative 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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 1.78 | 1.59 | 0.19 (10.67%) | 9.37% |
| An entry @1.78. This is a Buy Stop order right above the resistance zone. | An exit @1.59. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.19 points, which is 10.67%. | When investing 9.37% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOVR. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
1.66
+0.08 (+5.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg5.06%
1 Week-0.6%
2 Weeks-5.68%
1 Month1.84%
3 Month80.04%
6 Month213.21%
12 Month61.17%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%9.63%
ATR Inc-38.41%
Range Today0.12
ADR(20)0.16
ADR(20)%9.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS94.97
Mansfield7.82
10 Day High1.91
10 Day Low1.46
20 Day High1.91
20 Day Low1.33
52 Week High2.52
52 Week Low0.24
CS1 End1.62
CR1 Start1.77
Volume & EV
DER(3)-1.87%
DER(5)-1.38%
Volume508.90K
Volume Incr-50.25%
Vol(5)449.56K
Vol(50)1.87M