HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
NYSE:THG - New York Stock Exchange, Inc. - US4108671052 - Common Stock - Currency: USD
Taking everything into account, THG scores 8 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
When comparing the yearly performance of all stocks, we notice that THG is one of the better performing stocks in the market, outperforming 84% of all stocks. On top of that, THG also shows a nice and consistent pattern of rising prices.
THG is one of the better performing stocks in the Insurance industry, it outperforms 79% of 144 stocks in the same industry.
THG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so THG is performing more or less in line with the market.
In the last month THG has a been trading in the 163.47 - 178.68 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 short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
THG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 164.39, 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
141.07
179.83
4 important support areas can be observed.
- A support zone ranging from 164.30 to 164.39. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 152.93 to 153.46. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 147.12 to 149.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @142.49 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 175.99 to 178.05. 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 | DOWN | NEGATIVE | The short term trend for THG is down. |
| ChartMill Relative Strength | 84.05 | POSITIVE | THG has a high relative strength, it outperformed 84.05% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of THG is below 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) | 45.8 | 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, although the MACD value is rising. |
| Stochastics (14,3) | 14.05 | OVERSOLD | The low Stochastics value suggests THG may be oversold. |
| Average True Range in percent/ATR (20) | 2.11 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.2 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
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 |
|---|---|---|---|
| 170.32 | 165.60 | 4.72 (2.77%) | 25.00% |
| An entry @170.32. This is a Buy Stop order right above the 10 day moving average. | An exit @165.60. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.72 points, which is 2.77%. | For a 0.69% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of THG. Please evaluate whether better entry and exit points can be found.
- 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.
NYSE:THG (6/23/2025, 11:52:45 AM)
168.805
+0.72 (+0.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.43%
1 Week-2.18%
2 Weeks-2.44%
1 Month0.74%
3 Month-1.15%
6 Month9.2%
12 Month35.87%
2 Year48.71%
3 Year14.93%
5 Year65.88%
10 Year127.06%
15 Year286.41%
Volatility
ATR(14)3.58
ATR(20)%2.11%
ATR Inc-38.09%
Range Today1.65
ADR(20)3.46
ADR(20)%2.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.05
Mansfield0.5
10 Day High175.43
10 Day Low165.61
20 Day High178.68
20 Day Low163.48
52 Week High178.68
52 Week Low120.1
CS1 End164.39
CR1 Start175.99
Volume & EV
DER(3)0.96%
DER(5)-0.04%
Volume31.05K
Volume Incr30.65%
Vol(5)275.02K
Vol(50)245.50K