HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
USA - NYSE:THG - US4108671052 - Common Stock
Overall THG gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, THG is showing a nice and steady performance.
Besides having an excellent technical rating, THG 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 resistance zone just above the current price starting at 180.38. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 175.89, 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.
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148.60
3 important support areas can be observed.
- A support zone ranging from 170.18 to 175.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 163.43 to 163.64. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 150.10 to 150.65. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 180.38 to 182.11. 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 | NEUTRAL | NEUTRAL | The short term trend for THG is neutral. |
| ChartMill Relative Strength | 70.68 | POSITIVE | THG has a high relative strength, it outperformed 70.68% 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) | 51.89 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.64 | NEGATIVE | The MACD value suggests THG has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.53 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.67 | LOW VOLATILITY | The low ATR as a percentage value for THG suggests low volalility. |
| Average Directional Index/ADX (14) | 25.1 | POSITIVE | The high ADX value value for THG suggests a strong trend. |
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 |
|---|---|---|---|
| 177.25 | 173.68 | 3.57 (2.01%) | 25.00% |
| An entry @177.25. This is a Buy Stop order right above the 10 day moving average. | An exit @173.68. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.57 points, which is 2.01%. | For a 0.50% 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.
175.99
+1.14 (+0.65%)