HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:THG - US4108671052 - Common Stock
Taking everything into account, THG scores 2 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.
The technical rating of THG is bad and it also does not present a quality setup 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.
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162.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 175.14 to 175.85. This zone is formed by a combination of multiple trend lines in the daily time frame.
- 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 177.83 to 186.23. This zone is formed by a combination of multiple trend lines and important moving averages 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 | 62.99 | NEUTRAL | THG is not amongst the best or worst performers 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) | UP | MIXED | The current price of THG is below 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) | 37.34 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.96 | NEGATIVE | The MACD value suggests THG has a negative trend. |
| Stochastics (14,3) | 18.01 | OVERSOLD | The low Stochastics value suggests THG may be oversold. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for THG suggests low volalility. |
| Average Directional Index/ADX (14) | 18.6 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
177.17
-3.31 (-1.83%)
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 2 / 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 THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has an RSI value of 37.3366. This indicates that the stock is currently neutral.
What is the MACD signal for THG stock?
The MACD indicator for HANOVER INSURANCE GROUP INC/ (THG) has a value of -0.957088, indicating a bearish trend.
Can you provide the short term momentum for HANOVER INSURANCE GROUP INC/?
The short term momentum for HANOVER INSURANCE GROUP INC/ (THG) is negative.