NEW HORIZON AIRCRAFT LTD (HOVR) Stock Technical Analysis
NASDAQ:HOVR - Nasdaq - CA64550A1075 - Common Stock
We assign a technical rating of 7 out of 10 to HOVR. HOVR has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
HOVR is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month HOVR has a been trading in the 0.57 - 1.63 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
HOVR is one of the better performing stocks in the Aerospace & Defense industry, it outperforms 76% of 65 stocks in the same industry.
HOVR has an average volume of 5830000 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the yearly performance of all stocks, we notice that HOVR is one of the better performing stocks in the market, outperforming 93% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, HOVR also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 0.83, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for HOVR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
0.77
1.35
When analyzing the support we can see 2 important areas.
- A support zone ranging from 0.81 to 0.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @0.78 from a trend line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- Resistance @0.91 from a horizontal line in the daily time frame.
- Resistance @1.26 from a trend line in the weekly time frame.
- Resistance @1.34 from a trend line in the daily time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.55
Mansfield-3.38
10 Day High1.32
10 Day Low0.73
20 Day High1.63
20 Day Low0.57
52 Week High3.29
52 Week Low0.24
Performance
1 Week-2.44%
2 Weeks-26.96%
1 Month40.26%
3 Month171.41%
6 Month11.55%
12 Month-52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)-0.04
RSI(14)47.95
LBB0.73
UBB1.29
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 |
|---|---|---|---|
| 0.92 | 0.80 | 0.12 (13.04%) | 7.67% |
| An entry @0.92. This is a Buy Stop order right above the resistance zone. | An exit @0.80. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.12 points, which is 13.04%. | When investing 7.67% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of HOVR. 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.
NEW HORIZON AIRCRAFT LTD
NASDAQ:HOVR (1/21/2025, 8:05:54 PM)
Premarket: 0.9503 +0.11 (+13.13%)0.84
-0.06 (-6.29%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAerospace & Defense
Performance
% Chg-6.29%
1 Week-2.44%
2 Weeks-26.96%
1 Month40.26%
3 Month171.41%
6 Month11.55%
12 Month-52%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.21
ATR(20)%28.58%
ATR Inc-61.26%
Range Today0.12
ADR(20)0.23
ADR(20)%27.37%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS93.55
Mansfield-3.38
10 Day High1.32
10 Day Low0.73
20 Day High1.63
20 Day Low0.57
52 Week High3.29
52 Week Low0.24
CS1 End0.83
CR1 Start0.91
Volume & EV
DER(3)3.46%
DER(5)-0.16%
Volume721.00K
Volume Incr-78.33%
Vol(5)786.44K
Vol(50)5.83M