Hovnanian Enterprises Technical Analysis (NYSE:HOV)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. Just by looking at the Hovnanian Enterprises stock price one can't take a trading decision. A trader needs to find a chart pattern, which is a clear cut pattern formation on the HOV stock chart which creates a trading signal.
View technical indicators like moving averages (SMA and EMA), and bollinger bands for Hovnanian Enterprises. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of Hovnanian Enterprises stock analysis.
Hovnanian Enterprises Moving Average:
Moving averages show the average price of HOV stock over a set time period and help traders see the overall trend by smoothening out the daily variation in price movement. One needs to choose the duration of a moving average depending on the investment objective and investment horizon. For periods greater than 100, it takes a larger and longer HOV stock price movement for the moving average to change course.
Hovnanian Enterprises Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like Hovnanian Enterprises. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. Hovnanian Enterprises bollinger bands show that the stock price is $1.75, upper band is 25.2, lower band is 15.94, and the average is 20.57.
Hovnanian Enterprises Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps gauge the stock price trend, as the indicator is useful in understanding the strength, direction and momentum of the stock price. The Hovnanian Enterprises MACD indicator is below 0 indicating a bearish trend.
Hovnanian Enterprises Relative Strength Index:
The RSI is a valuable tool to determine overbought / oversold stocks and measures the recent performance of a stock in relation to its own stock price history. If the RSI of HOV stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position. .