HANOVER INSURANCE GROUP INC/ (THG) Stock Technical Analysis
NYSE:THG - US4108671052 - Common Stock
182.1 USD
+3.96 (+2.22%)
182.1 USD
0 (0%)
Overall THG gets a technical rating of 10 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.
The long and short term trends are both positive. This is 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 73% 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 76% of 146 stocks in the same industry.
THG is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month THG has a been trading in the 165.50 - 182.64 range, which is quite wide. It is currently trading near the high of this range.
Although THG has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
148.60
183.93
4 important support areas can be observed.
- A support zone ranging from 168.99 to 172.22. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 162.07 to 165.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @157.12 from a trend line in the daily time frame.
- Support @150.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 182.11 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 | UP | POSITIVE | The short term trend for THG is up. |
| ChartMill Relative Strength | 73.25 | POSITIVE | THG has a high relative strength, it outperformed 73.25% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of THG is above 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) | 65.67 | NEUTRAL | The RSI value for THG is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.42 | POSITIVE | The MACD value suggests THG has a positive trend. |
| Stochastics (14,3) | 79.4 | NEUTRAL | The Stochastics value for THG is a neutral value. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for THG suggests low volalility. |
| Average Directional Index/ADX (14) | 29.95 | POSITIVE | The high ADX value value for THG suggests a strong 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)
182.1
+3.96 (+2.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg2.22%
1 Week0.42%
2 Weeks4.27%
1 Month5.9%
3 Month7.35%
6 Month7.51%
12 Month24.55%
2 Year64.08%
3 Year42.11%
5 Year95.43%
10 Year134.36%
15 Year287.45%
Volatility
ATR(14)2.89
ATR(20)%1.62%
ATR Inc39.12%
Range Today5.43
ADR(20)2.77
ADR(20)%1.52%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.25
Mansfield0.09
10 Day High182.64
10 Day Low172.72
20 Day High182.64
20 Day Low165.5
52 Week High182.64
52 Week Low142.48
CS1 End172.22
CR1 Start182.11
Volume & EV
DER(3)-0.23%
DER(5)0.79%
Volume263.30K
Volume Incr7.15%
Vol(5)207.20K
Vol(50)236.35K