HOVNANIAN ENTERPRISES - Daily - Technical analysis published on 12/27/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : INVALID
Summary of the analysis
Trends
Court terme:
Strongly bearish
De fond:
Neutral
Technical indicators
17%
67%
17%
My opinion
Bearish under 22.46 USD
My targets
20.12 USD (-3.87%)
17.14 USD (-18.11%)
My analysis
The strong short-term decrease of HOVNANIAN ENTERPRISES should quickly allow the basic trend to become bearish. As long as the price remains below the resistance located at 22.46 USD, a sale could be considered. The first bearish objective is located at 20.12 USD. The bearish momentum would be boosted by a support break. Sellers could then target the support located at 17.14 USD. If there is any crossing, the next objective would be support 9.17 USD. Caution, if there is a return to above 22.46 USD, it should not be forgotten that the basic trend is not yet clear. Caution would then be required.
In the very short term, the general bearish sentiment is confirmed by technical indicators. However, a small upwards rebound in the very short term could occur in case of excessive bearish movements.
FORCE
0
10
3
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HOVNANIAN ENTERPRISES rating 20.93 USD. The price registered a decrease of -1.83% on the session and was traded between 20.70 USD and 21.47 USD over the period. The price is currently at +1.11% from its lowest and -2.52% from its highest.20.70
21.47
20.93
The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bullish opening
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Technical
A technical analysis in Daily of this HOVNANIAN ENTERPRISES chart shows a neutral trend. The trend could quickly turn bearish due to the strong bearish signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, 12 technical indicators on 18 studied are currently positioned bearish. Caution: the Central Indicators scanner currently detects an excess:
RSI indicator: bullish divergence
Type : Bullish
Timeframe : Daily
Williams %R indicator is oversold : under -80
Type : Neutral
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back under the pivot point
Type : Bearish
Timeframe : Weekly
The analysis of the price chart with Central Patterns scanners does not return any result.
Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:
Bullish engulfing lines
Type : Bullish
Timeframe : Daily
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 9.17 | 17.14 | 20.12 | 20.93 | 22.46 | 24.71 | 26.76 |
| Change (%) | -56.19% | -18.11% | -3.87% | - | +7.31% | +18.06% | +27.85% |
| Change | -11.76 | -3.79 | -0.81 | - | +1.53 | +3.78 | +5.83 |
| Level | Minor | Intermediate | Major | - | Intermediate | Intermediate | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 20.15 | 20.64 | 20.98 | 21.47 | 21.81 | 22.30 | 22.64 |
| Camarilla | 21.09 | 21.17 | 21.24 | 21.32 | 21.40 | 21.47 | 21.55 |
| Woodie | 20.08 | 20.60 | 20.91 | 21.43 | 21.74 | 22.26 | 22.57 |
| Fibonacci | 20.64 | 20.96 | 21.15 | 21.47 | 21.79 | 21.98 | 22.30 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 13.66 | 16.96 | 19.13 | 22.42 | 24.59 | 27.89 | 30.06 |
| Camarilla | 19.80 | 20.30 | 20.80 | 21.30 | 21.80 | 22.30 | 22.80 |
| Woodie | 13.10 | 16.68 | 18.57 | 22.14 | 24.03 | 27.61 | 29.50 |
| Fibonacci | 16.96 | 19.04 | 20.33 | 22.42 | 24.51 | 25.80 | 27.89 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 11.34 | 15.70 | 19.05 | 23.41 | 26.76 | 31.12 | 34.47 |
| Camarilla | 20.28 | 20.99 | 21.69 | 22.40 | 23.11 | 23.81 | 24.52 |
| Woodie | 10.84 | 15.45 | 18.55 | 23.16 | 26.26 | 30.87 | 33.97 |
| Fibonacci | 15.70 | 18.65 | 20.47 | 23.41 | 26.36 | 28.18 | 31.12 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 42.37 | |
| MACD (12,26,9): | -0.5100 | |
| Directional Movement: | -6.70 | |
| AROON (14): | -64.28 | |
| DEMA (21): | 22.71 | |
| Parabolic SAR (0,02-0,02-0,2): | 27.69 | |
| Elder Ray (13): | -1.27 | |
| Super Trend (3,10): | 26.37 | |
| Zig ZAG (10): | 21.32 | |
| VORTEX (21): | 1.0100 | |
| Stochastique (14,3,5): | 12.11 | |
| TEMA (21): | 21.87 | |
| Williams %R (14): | -88.70 | |
| Chande Momentum Oscillator (20): | -7.03 | |
| Repulse (5,40,3): | -1.7600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | 0.0000 | |
| Courbe Coppock: | 10.12 |
| MA7: | 21.72 | |
| MA20: | 23.63 | |
| MA50: | 24.15 | |
| MA100: | 18.93 | |
| MAexp7: | 22.08 | |
| MAexp20: | 22.94 | |
| MAexp50: | 22.51 | |
| MAexp100: | 20.05 | |
| Price / MA7: | -3.64% | |
| Price / MA20: | -11.43% | |
| Price / MA50: | -13.33% | |
| Price / MA100: | +10.57% | |
| Price / MAexp7: | -5.21% | |
| Price / MAexp20: | -8.76% | |
| Price / MAexp50: | -7.02% | |
| Price / MAexp100: | +4.39% |
This member declared not having a position on this financial instrument or a related financial instrument.
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