HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
Current stock price
THG Technical Rating and Analysis
Overall THG gets a technical rating of 6 out of 10. THG has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month THG has a been trading in the 169.00 - 183.63 range, which is quite wide. It is currently trading near the high of this range.
- When comparing the performance of all stocks over the past year, THG turns out to be only a medium performer in the overall market: it outperformed 52% of all stocks.
- THG is part of the Insurance industry. There are 147 other stocks in this industry, THG did better than 69% of them.
- THG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so THG is lagging the market.
THG Weekly and Daily overview Charts
THG Setup Rating and Analysis
Although the technical rating is only medium, THG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 177.20, a Stop Loss order could be placed below this zone.
More info and screens
THG Support and Resistance Analysis
161.59
When analyzing the support we can see 2 important areas.
- A support zone ranging from 167.56 to 177.20. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @163.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 178.55 to 186.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
THG 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 | UP | POSITIVE | The long term trend for THG is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THG is up. |
| ChartMill Relative Strength | 52.11 | NEUTRAL | THG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THG is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of THG is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of THG is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.75 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests THG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.01 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.07 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.2 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
THG Chart- and CandleStick Pattern Analysis
THG Example Setup
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 |
|---|---|---|---|
| 179.42 | 175.48 | 3.94 (2.20%) | 25.00% |
| An entry @179.42. This is a Buy Stop order right above the 10 day moving average. | An exit @175.48. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.94 points, which is 2.20%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.55%. |
- The distance between exit and entry is rather small compared to the average daily movement of THG. 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.
THG Technicals: Chart, Performance Metrics, Trend & Indicators
177.54
-4.33 (-2.38%)
HANOVER INSURANCE GROUP INC/ / THG TA FAQ
What is the ChartMill technical rating of HANOVER INSURANCE GROUP INC/ (THG) stock?
ChartMill assigns a technical rating of 6 / 10 to THG.
Can you provide the trend direction for HANOVER INSURANCE GROUP INC/?
The current trend direction for HANOVER INSURANCE GROUP INC/ (THG) is Bullish.
What is the RSI signal for HANOVER INSURANCE GROUP INC/ (THG) stock?
HANOVER INSURANCE GROUP INC/ (THG) has an RSI value of 50.7523. This indicates that the stock is currently neutral.
Can you provide the MACD signal for HANOVER INSURANCE GROUP INC/?
The MACD indicator for HANOVER INSURANCE GROUP INC/ (THG) has a value of 0.146938, indicating a bearish trend.
What is the support and resistance level for THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has a support level at 177.2 and a resistance level at 178.55. Check the full technical report for our detailed analysis of THG support and resistance levels.