HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:THG • US4108671052
Overall THG gets a technical rating of 2 out of 10. 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.
- In the last month THG has a been trading in the 166.54 - 181.03 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.
- The long and short term trends are both neutral. This gives a pretty neutral overall picture!
- When compared to the yearly performance of all other stocks, THG outperforms 44% of them, which is more or less in line with the market.
- THG is an average performer in the Insurance industry, it outperforms 60% of 147 stocks in the same industry.
- 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.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, THG does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 173.56, a Stop Loss order could be placed below this zone.
More info and screens
162.00
When analyzing the support we can see 3 important areas.
- A support zone ranging from 172.20 to 173.56. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 167.56 to 169.48. 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.
We found 1 important resistance 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.
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 | 44.55 | 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) | DOWN | NEGATIVE | The current price of THG is below a declining 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) | 48.07 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.69 | POSITIVE | The MACD value suggests THG has a positive trend. |
| Stochastics (14,3) | 82.87 | OVERBOUGHT | The high Stochastics value suggests THG may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 23.62 | NEUTRAL | The ADX value for THG suggests a possible start of a new trend. |
174.05
-0.45 (-0.26%)
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 48.068. 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 0.693036, 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 neutral.