NYSE: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...
Symbol: 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.
This 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...
HOV 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.
HOV 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...
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...
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 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.
The 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...
