HANOVER INSURANCE GROUP INC/ (THG) Technical Analysis
NYSE:THG • US4108671052
Current stock price
THG Technical Rating and Analysis
We assign a technical rating of 0 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: 69% of all stocks are doing better.
- In the last month THG has a been trading in the 169.43 - 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 part of the Insurance industry. There are 148 other stocks in this industry, THG did better than 60% of them.
- 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 Weekly and Daily overview Charts
THG Setup Rating and Analysis
Although the technical rating is bad, THG does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 169.48, a Stop Loss order could be placed below this zone.
More info and screens
THG Support and Resistance Analysis
161.59
When analyzing the support we can see 2 important areas.
- 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 @163.22 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 170.88 to 175.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | DOWN | NEGATIVE | The short term trend for THG is down. |
| ChartMill Relative Strength | 31.79 | 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) | DOWN | NEGATIVE | The current price of THG is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of THG is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 37.09 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.68 | NEGATIVE | The MACD value suggests THG has a negative trend. |
| Stochastics (14,3) | 18.41 | OVERSOLD | The low Stochastics value suggests THG may be oversold. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for THG suggests some volalility. |
| Average Directional Index/ADX (14) | 11.83 | 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
170.41
-3.36 (-1.93%)
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 0 / 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 37.0853. 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 -0.679308, 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.