Overall HOVR gets a technical rating of 4 out of 10. 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.
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
1.23
2 important support areas can be observed.
- A support zone ranging from 1.51 to 1.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @1.24 from a trend line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 1.65 to 1.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | DOWN | NEGATIVE | The short term trend for HOVR is down. |
| ChartMill Relative Strength | 94.13 | POSITIVE | HOVR has a high relative strength, it outperformed 94.13% 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) | 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) | 38.63 | 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) | 41.91 | NEUTRAL | The Stochastics value for HOVR is a neutral value. |
| Average True Range in percent/ATR (20) | 13.4 | HIGH VOLATILITY | The high ATR as a percentage value for HOVR suggests high volalility. |
| Average Directional Index/ADX (14) | 28.53 | POSITIVE | The high ADX value value for HOVR suggests a strong trend. |
NASDAQ:HOVR (12/3/2025, 12:39:19 PM)
1.63
+0.11 (+7.24%)
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 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 38.6267. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for NEW HORIZON AIRCRAFT LTD?
The buy/sell signal for NEW HORIZON AIRCRAFT LTD (HOVR) is sell as both the short term and long term trends are negative.
What is the support and resistance level for HOVR stock?
NEW HORIZON AIRCRAFT LTD (HOVR) has a support level at 1.51 and a resistance level at 1.65. Check the full technical report for our detailed analysis of HOVR support and resistance levels.