HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
Current stock price
THG Technical Rating and Analysis
We assign a technical rating of 5 out of 10 to THG. THG has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- THG is one of the better performing stocks in the Insurance industry, it outperforms 76% of 148 stocks in the same industry.
- In the last month THG has a been trading in the 168.41 - 182.40 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
- 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 52% of all stocks.
- THG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so THG is lagging the market.
THG Weekly and Daily overview Charts
THG Setup Rating and Analysis
Although the technical rating is only medium, THG does present a nice setup opportunity. Prices have been consolidating lately. 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 174.99, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
THG Support and Resistance Analysis
161.59
2 important support areas can be observed.
- A support zone ranging from 167.56 to 174.99. 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.
When analyzing the resistance we notice one important 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 | NEUTRAL | NEUTRAL | The long term trend for THG is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for THG is up. |
| ChartMill Relative Strength | 52.39 | 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) | 54.89 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.84 | POSITIVE | The MACD value suggests THG has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 77.97 | 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) | 14.59 | 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
176.78
-3.09 (-1.72%)
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 5 / 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 54.8922. 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 0.835501, indicating a bearish trend.
What is the support and resistance level for THG stock?
HANOVER INSURANCE GROUP INC/ (THG) has a support level at 174.99 and a resistance level at 182.1. Check the full technical report for our detailed analysis of THG support and resistance levels.