HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
Current stock price
THG Technical Rating and Analysis
Taking everything into account, THG scores 3 out of 10 in our technical rating. THG has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
- THG is one of the better performing stocks in the Insurance industry, it outperforms 72% of 148 stocks in the same industry.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- 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 48% of all stocks.
- THG is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so THG is lagging the market slightly.
- In the last month THG has a been trading in the 168.41 - 178.52 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
THG Weekly and Daily overview Charts
THG Setup Rating and Analysis
THG has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 174.54, 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 3 important areas.
- A support zone ranging from 171.88 to 174.54. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 167.56 to 168.83. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @163.22 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @178.06 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for THG is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for THG is neutral. |
| ChartMill Relative Strength | 48.86 | NEUTRAL | THG is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of THG is above a declining 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) | 56.21 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.39 | POSITIVE | The MACD value suggests THG has a positive trend. |
| Stochastics (14,3) | 58.12 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.06 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 10.49 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
THG Chart- and CandleStick Pattern Analysis
THG Technicals: Chart, Performance Metrics, Trend & Indicators
176.1
+3.79 (+2.2%)
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 3 / 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 Bearish.
What is the RSI signal for HANOVER INSURANCE GROUP INC/ (THG) stock?
HANOVER INSURANCE GROUP INC/ (THG) has an RSI value of 56.2093. 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 0.394265, indicating a bearish trend.
What is the support and resistance level for THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has a support level at 174.54 and a resistance level at 178.06. Check the full technical report for our detailed analysis of THG support and resistance levels.