HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THG - US4108671052 - Common Stock
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.
THG has an excellent technical rating and also presents 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 185.56. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 184.68, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
162.00
We found 3 important support areas.
- A support zone ranging from 174.78 to 184.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 168.38 to 170.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @163.64 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 185.56 to 186.23. 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 | 74.27 | POSITIVE | THG has a high relative strength, it outperformed 74.27% 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) | 58.95 | 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) | 78.08 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.75 | LOW VOLATILITY | The low ATR as a percentage value for THG suggests low volalility. |
| Average Directional Index/ADX (14) | 19.03 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
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 | 179.00 | 7.24 (3.89%) | 25.00% |
| An entry @186.24. This is a Buy Stop order right above the resistance zone. | An exit @179.00. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 7.24 points, which is 3.89%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.97%. |
- 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.
185.53
-0.24 (-0.13%)
HANOVER INSURANCE GROUP INC/ / THG FAQ
What is the ChartMill technical rating of HANOVER INSURANCE GROUP INC/ (THG) stock?
ChartMill assigns a technical rating of 10 / 10 to THG.
What is the current trend direction of HANOVER INSURANCE GROUP INC/ (THG) stock?
The current trend direction for HANOVER INSURANCE GROUP INC/ (THG) is Bullish.
What is the RSI signal for THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has an RSI value of 58.9522. This indicates that the stock is currently neutral.
What is the MACD signal for HANOVER INSURANCE GROUP INC/ (THG) stock?
The MACD indicator for HANOVER INSURANCE GROUP INC/ (THG) has a value of 0.150805, indicating a bearish trend.
What is the short term momentum for HANOVER INSURANCE GROUP INC/ (THG) stock?
The short term momentum for HANOVER INSURANCE GROUP INC/ (THG) is positive.