HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
NYSE:THG - New York Stock Exchange, Inc. - US4108671052 - Common Stock - Currency: USD
Overall THG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THG is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that THG is one of the better performing stocks in the market, outperforming 87% of all stocks. We also observe that the gains produced by THG over the past year are nicely spread over this period.
THG is one of the better performing stocks in the Insurance industry, it outperforms 81% of 142 stocks in the same industry.
A new 52 week high is currently being made by THG, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so THG is leading the market.
In the last month THG has a been trading in the 162.73 - 176.71 range, which is quite wide. It is currently trading near the high of this range.
Although THG has an excellent technical rating, it does not present a decent entry opportunity 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
139.85
177.75
When analyzing the support we can see 5 important areas.
- Support @175.14 from a horizontal line in the daily time frame.
- A support zone ranging from 161.84 to 170.57. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @156.09 from a horizontal line in the weekly time frame.
- A support zone ranging from 147.82 to 153.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @141.26 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 175.99 to 175.99. 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 | 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 | 87.3 | POSITIVE | THG has a high relative strength, it outperformed 87.3% off all stocks 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) | 66.34 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.81 | POSITIVE | The MACD value suggests THG has a positive trend. |
| Stochastics (14,3) | 93.42 | OVERBOUGHT | The high Stochastics value suggests THG may be overbought. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for THG suggests low volalility. |
| Average Directional Index/ADX (14) | 13.52 | 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)
175.98
+1.81 (+1.04%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg1.04%
1 Week5.38%
2 Weeks6.06%
1 Month6.27%
3 Month3.2%
6 Month6.65%
12 Month33.39%
2 Year57.89%
3 Year20.04%
5 Year75.37%
10 Year147.23%
15 Year304.55%
Volatility
ATR(14)3.19
ATR(20)%1.78%
ATR Inc-3.41%
Range Today3.25
ADR(20)3.06
ADR(20)%1.74%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.3
Mansfield1.22
10 Day High176.71
10 Day Low163.48
20 Day High176.71
20 Day Low162.73
52 Week High176.71
52 Week Low119.66
CS1 End175.14
CR1 Start175.99
Volume & EV
DER(3)0.53%
DER(5)2.79%
Volume294.90K
Volume Incr24.64%
Vol(5)279.34K
Vol(50)261.66K