HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
NYSE:THG - New York Stock Exchange, Inc. - US4108671052 - Common Stock - Currency: USD
We assign a technical rating of 3 out of 10 to THG. Although THG 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.
THG is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Looking at the yearly performance, THG did better than 73% of all other stocks. On top of that, THG also shows a nice and consistent pattern of rising prices.
THG is one of the better performing stocks in the Insurance industry, it outperforms 80% of 145 stocks in the same industry.
THG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so THG is lagging the market slightly.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
THG has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
142.28
179.83
4 important support areas can be observed.
- Support @163.24 from a trend line in the daily time frame.
- A support zone ranging from 153.46 to 153.73. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 147.12 to 147.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @143.72 from a trend line in the weekly time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 163.64 to 168.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @173.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 175.99 to 178.05. 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 | NEUTRAL | NEUTRAL | The long term trend for THG is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for THG is down. |
| ChartMill Relative Strength | 73.43 | POSITIVE | THG has a high relative strength, it outperformed 73.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of THG is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of THG is below a declining 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) | 43.12 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests THG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.95 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 16.32 | NEGATIVE | The low ADX value for THG 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)
163.44
-0.05 (-0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg-0.03%
1 Week-0.33%
2 Weeks-3.23%
1 Month-3.84%
3 Month4.7%
6 Month11.09%
12 Month29.04%
2 Year44.03%
3 Year19.76%
5 Year60.42%
10 Year102.15%
15 Year272.9%
Volatility
ATR(14)3.45
ATR(20)%2.03%
ATR Inc-23.57%
Range Today2.11
ADR(20)3.26
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.43
Mansfield-0.35
10 Day High170.94
10 Day Low160.7
20 Day High172.42
20 Day Low160.7
52 Week High178.68
52 Week Low126.5
CS1 End163.24
CR1 Start163.64
Volume & EV
DER(3)-3.17%
DER(5)-1.82%
Volume186.90K
Volume Incr4.33%
Vol(5)258.56K
Vol(50)241.11K