Taking everything into account, HOVR scores 1 out of 10 in our technical rating. HOVR's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
Although the technical rating is bad, HOVR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
1.25
When analyzing the support we can see 4 important areas.
- Support @1.59 from a horizontal line in the daily time frame.
- Support @1.43 from a trend line in the weekly time frame.
- Support @1.33 from a trend line in the daily time frame.
- Support @1.26 from a trend line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 1.68 to 1.70. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @2.89 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 | 23.1 | NEGATIVE | HOVR has a low relative strength, it was outperformed by 76.9% 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) | DOWN | NEGATIVE | The current price of HOVR is below a declining 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) | 45.68 | NEUTRAL | The RSI value for HOVR is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests HOVR has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 16.23 | OVERSOLD | The low Stochastics value suggests HOVR may be oversold. |
| Average True Range in percent/ATR (20) | 8.77 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 14.42 | NEGATIVE | The low ADX value for HOVR suggests a weak or negative trend. |
1.64
+0.05 (+3.14%)
NEW HORIZON AIRCRAFT LTD / HOVR FAQ
What is the technical rating for HOVR stock?
ChartMill assigns a technical rating of 1 / 10 to HOVR.
What is the current trend direction of NEW HORIZON AIRCRAFT LTD (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 45.6766. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for NEW HORIZON AIRCRAFT LTD?
NEW HORIZON AIRCRAFT LTD (HOVR) has a support level at 1.59 and a resistance level at 1.68. Check the full technical report for our detailed analysis of HOVR support and resistance levels.