Long on HOVPossible swing trade on HOV based on:
1. Price at horizontal support
2. Price at trendline support
3. MACD below zero
HOV trade ideas
HOV formed a head and shoulder patternNYSE:HOV formed a head and shoulder pattern and is attempting to break out. The last candle breached the neckline on high volume but the daily close was below the neckline, long the breakout to target 139.43$, stop loss daily close below 92$.
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This is only my own view and not financial advice, do your own analysis before buying or selling
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MARKET ALPHA HOV ** CORRECTIONSymbol: NYSE:HOV
Support: $92.44
Resistance: $109.55
Indicators
Laguerre RSI
Laguerre Filter
Opinion: Consolidating, possibly turning bullish
Comments: We have an oversold laguerre rsi which could signal either continuation to the downside but the bullish signal shows a possible bullish change.
HOVNP, Stochastic left the overbought zone on Sep 17, 2020This is a signal that HOVNP's price trend could be reversing, and it may be an opportunity to sell the stock or take a defensive position. Tickeron A.I.dvisor identified 63 similar cases where HOVNP's stochastic oscillator exited the overbought zone, and 57 of them led to successful outcomes. Odds of Success: 90%. Current price $7.00 is above $6.06 the highest resistance line found by Tickeron A.I. Throughout the month of 08/17/20 - 09/17/20, the price experienced a +4% Uptrend. During the week of 09/10/20 - 09/17/20, the stock enjoyed a +6% Uptrend growth.
Bearish Trend Analysis
The Stochastic Indicator entered the overbought zone. Expect a price pull-back in the foreseeable future.
The Moving Average Convergence Divergence Histogram (MACD) for HOVNP turned negative on September 01, 2020. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 41 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 84%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where Apple declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 82%.
HOVNP broke above its upper Bollinger Band on August 25, 2020. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Ascended into 2017 resistanceHOV one of my favorite in its sector, has been consistently on my buy screeners. Stock has ascended into 2017 resistance and should settle here until earnings which is coming around the corner.
Bullish above moving averagesHOV is currently testing a strong support and resistance zone as well as moving to a breakpoint in a wedge. HOV is above the 50/21/14 MAs
HOV: Strong Volume at Daily ResistanceHOV is bouncing from a weekly Support.
The stock has established a daily range and is attempting to break it. The last daily candle has closed at the Resistance level with strong volume.
I will be observing the breakout in this session. For me, it is a neutral bias until the level is clearly broken. When the breakout happens and the price goes above the level with a reasonable distance, we can either go long or wait for a correction to the level.
HOV Linear Regression AnalysisHOV has formed an Adam & Adam double top with a strong downward regression trend (0.81). Downsides probable.
Short squeeze in $HOVHovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construct, market, and sell single-family attached town homes and condominiums, urban infill, and planned residential developments. It operates through the following segments: Homebuilding Operation, Financial Services, and Corporate. The Homebuilding Operation segment consists of the following geographical segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. The Financial Services segment offers mortgage loans and title services to the customers of homebuilding operations. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.
$HOV Still loads of upside in Hovnanian Enterprises Entry level $25 = Target price $35 = Stop loss $23
Extremely bullish reversal of the bottom in 2019, but now overbought so expect a small pullback.
The interest rate changes has added new stimulus to the sector.
Demand is outpacing supply as consumers clamber to take advantage of economic conditions.
P/E ratio 26
Short interest 15% (high)
Company Profile
Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construct, market, and sell single-family attached town homes and condominiums, urban infill, and planned residential developments. It operates through the following segments: Homebuilding Operation, Financial Services, and Corporate. The Homebuilding Operation segment consists of the following geographical segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. The Financial Services segment offers mortgage loans and title services to the customers of homebuilding operations. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.
HOVNP - Weekly. Further Upside Possible.Hovnanian Enterprises, Inc. is a homebuilding company, which engages in the design, construct, market, and sell single-family attached town homes and condominiums, urban infill, and planned residential developments. It operates through the following segments: Homebuilding Operation, Financial Services, and Corporate. The Homebuilding Operation segment consists of the following geographical segments: Northeast, Mid-Atlantic, Midwest, Southeast, Southwest and West. The Financial Services segment offers mortgage loans and title services to the customers of homebuilding operations. The company was founded by Kevork S. Hovnanian in 1959 and is headquartered in Matawan, NJ.
SHORT INTEREST
209 07/31/19
P/E Current
17.05
P/E Ratio (with extraordinary items)
12.91
P/E Ratio (without extraordinary items)
49.03
Average Recommendation: HOLD
Average Target Price: 11.00
HOV - Hovnanian Enteprise Class A coming out of flag The daily graph is coming out from a slight congestion. MACD, STOC and RSI growing consistently.
TP could be the upper BB @0,87 that also coincides with the weekly period.
Two scenariosThe topic is that I always have a long term view of the publish idea, but here I have another preposition, set a target, buy at 3.00 sell at 6.00 or buy at 3.00 and hold for a more ambitious target.
The reason here is the breakout of a resistance line in the 3.00 level who takes one year and three attempts to beat and finally was beaten in 12/21/2017. Now I have a pullback in progress and the price is testing the new support. That's all until today from now on I do not know.
HOV HAS BROKEN THE UPTREND AFTER JPM ANALYSIS: MORE DOWNSIDE?HOV has broken the uptrend after JPM has assigned Hovnanian stock a price target of just $1.60. I'm expecting more downside for this one.
Is a rate hike is good for realestate?This evening the FED will announce a rate hake...
Is this good for the real estate market?
I think NOT....
$HOV Monthly RSI perkingAfter a prolonged bear HOV has formed a stable base from which it can launch to the targets of 2, and then, 2.5. Monthly RSI is at 12 months high.
HOV Breakout After finding support from the long term uptrend, look for a breakout to $1.95 - $2.04. Prices could then retest trend before legging up again. Notice how a breakout to $1.95, would set a 1.618 extension at $2.42, which also happens to be the last high.
