The Hourly View for HOV
Currently, HOV (Get Ratings)’s price is up $0.76 (0.93%) from the hour prior. HOV has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 20 hour moving average, resulting in them so that price is now turning above it. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
Out of Construction stocks, HOV ranks 4th in regards to today’s price percentage change.
HOV’s Technical Outlook on the Daily Chart
Currently, HOV’s price is up $1.13 (1.38%) from the day prior. This is a reversal of the price action on the previous day, in which price moved down. Regarding the trend, note that the strongest trend exists on the 50 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Hovnanian Enterprises Inc’s price action over the past 90 days can be seen via the chart below.
<In comparison to its 7 day average, HOV's volume of shares traded is 81.81% lower, now standing at 16632.
HOV: Daily RSI Analysis
- HOV’s RSI now stands at 36.4516.
- HOV and RSI both have consistent trends, as they are both heading down.
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The post Hovnanian Enterprises Inc (HOV): Price Now Near $82.76; Daily Chart Shows Downtrend on 20 Day Basis appeared first on ETF Daily News.