HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
We assign a technical rating of 1 out of 10 to THG. THG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- When comparing the yearly performance of all stocks, THG is a bad performer in the overall market: 65% of all stocks are doing better.
- In the last month THG has a been trading in the 169.19 - 182.63 range, which is quite wide. It is currently trading near the lows of this range.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- THG is an average performer in the Insurance industry, it outperforms 66% of 149 stocks in the same industry.
- 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.
THG has a bad technical rating, but it does show a decent setup pattern. 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
161.59
2 important support areas can be observed.
- A support zone ranging from 167.56 to 173.56. 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 3 important resistance areas.
- A resistance zone ranging from 174.90 to 178.04. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Strong resistance @182.10 from a horizontal line in the daily time frame.
- A resistance zone ranging from 185.56 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 | DOWN | NEGATIVE | The short term trend for THG is down. |
| ChartMill Relative Strength | 35.27 | NEUTRAL | THG is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of THG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of THG is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 45.82 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests THG has a negative trend. |
| Stochastics (14,3) | 23.35 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 2.23 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 13.21 | NEGATIVE | The low ADX value for THG suggests a weak or negative trend. |
THG Technicals: Chart, Performance Metrics, Trend & Indicators
174.28
+1.02 (+0.59%)
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 1 / 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 45.8184. 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 -0.467701, 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.