HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
Current stock price
THG Technical Rating and Analysis
Taking everything into account, THG scores 6 out of 10 in our technical rating. 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.
- The long and short term trends are both positive. This is looking good!
- 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.
- In the last month THG has a been trading in the 171.00 - 183.63 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- When compared to the yearly performance of all other stocks, THG outperforms 49% of them, which is more or less in line with the market.
- THG is an average performer in the Insurance industry, it outperforms 67% of 147 stocks in the same industry.
THG Weekly and Daily overview Charts
THG Setup Rating and Analysis
THG has only a medium technical rating, but it does show 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 182.10. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 179.62, 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 179.62. 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.
We found 1 important resistance area.
- A resistance zone ranging from 182.10 to 186.23. This zone is formed by a combination of multiple trend lines 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 | 49.58 | 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) | 56.31 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.08 | POSITIVE | The MACD value suggests THG has a positive trend. |
| Stochastics (14,3) | 51.75 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.04 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 17.22 | 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 |
|---|---|---|---|
| 186.24 | 175.48 | 10.76 (5.78%) | 17.31% |
| An entry @186.24. This is a Buy Stop order right above the resistance zone. | 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 10.76 points, which is 5.78%. | For a 1.00% total portfolio risk, you can invest 17.31% of your capital in this trade. |
- 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
180.71
+1.51 (+0.84%)
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 56.3052. 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 0.0789029, indicating a bearish trend.
What is the support and resistance level for THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has a support level at 179.62 and a resistance level at 182.1. Check the full technical report for our detailed analysis of THG support and resistance levels.