Technical Analysis for HOV - Hovnanian Enterprises, Inc.

Grade Last Price % Change Price Change
B 157.70 -1.28% -2.05
HOV closed down 1.28 percent on Wednesday, May 8, 2024, on 59 percent of normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. Note that the stock is in overbought territory based on its Slow Stochastic indicator (14, 3, 3) -- so don't be surprised if it goes sideways or a pulls back.
Earnings due: May 29
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Up Up Up

Date Alert Name Type % Chg
Stochastic Sell Signal Bearish 0.00%
Slingshot Bullish Bullish Swing Setup 0.00%
NR7 Range Contraction 0.00%
Overbought Stochastic Strength 0.00%
Multiple of Ten Bearish Other -1.28%
Overbought Stochastic Strength -1.28%
180 Bullish Setup Bullish Swing Setup -3.44%
Upper Bollinger Band Walk Strength -3.44%
Multiple of Ten Bullish Other -3.44%
Gapped Up Strength -3.44%

   Recent Intraday Alerts

Alert Time
Possible NR7 about 4 hours ago
60 Minute Opening Range Breakdown about 7 hours ago
2x Volume Pace about 8 hours ago
1.5x Volume Pace about 8 hours ago
Fell Below Previous Day's Low about 8 hours ago

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Profile

Hovnanian Enterprises Inc. designs, constructs, markets, and sells residential homes in the United States. It builds garden homes, townhomes, single family homes, mid and high rise luxury homes, estate homes, adult lifestyle communities, attached and detached homes, urban infill locations, and townhomes and condominiums. The company also provides mortgage loans and title insurance services. It serves buyers ranging from first-time purchasers to luxury buyers. The company was founded in 1959 and is headquartered in Red Bank, New Jersey. It has operations in Arizona, California, Delaware, Florida, Georgia, Illinois, Maryland, Minnesota, New Jersey, New York, North Carolina, Ohio, Pennsylvania, South Carolina, Texas, Virginia, and West Virginia.
Classification

Sector: Consumer Cyclical
Industry: Residential Construction
Keywords: Mortgage Loan Title Insurance Homebuilder Title Insurance Services Hovnanian Enterprises

Is HOV a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength

Indicators

Indicator Value
52 Week High 183.6
52 Week Low 65.22
Average Volume 70,244
200-Day Moving Average 124.85
50-Day Moving Average 147.32
20-Day Moving Average 145.92
10-Day Moving Average 153.82
Average True Range 7.18
RSI (14) 57.98
ADX 16.57
+DI 32.20
-DI 21.91
Chandelier Exit (Long, 3 ATRs) 142.74
Chandelier Exit (Short, 3 ATRs) 147.16
Upper Bollinger Bands 166.63
Lower Bollinger Band 125.20
Percent B (%b) 0.78
BandWidth 28.39
MACD Line 3.54
MACD Signal Line 1.52
MACD Histogram 2.0213
Fundamentals Value
Market Cap 843.15 Million
Num Shares 5.35 Million
EPS 26.87
Price-to-Earnings (P/E) Ratio 5.87
Price-to-Sales 0.35
Price-to-Book 2.18
PEG Ratio 1.22
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 163.51
Resistance 3 (R3) 163.30 161.15 162.54
Resistance 2 (R2) 161.15 159.67 161.26 162.22
Resistance 1 (R1) 159.43 158.76 158.35 159.64 161.90
Pivot Point 157.28 157.28 156.74 157.38 157.28
Support 1 (S1) 155.55 155.79 154.48 155.76 153.50
Support 2 (S2) 153.40 154.88 153.51 153.18
Support 3 (S3) 151.68 153.40 152.86
Support 4 (S4) 151.89