In its most recent trading session, Hovnanian Enterprises Inc (NASDAQ:HOVNP) dropped by -3.9% – here is what that looked like (as of 2019-12-04):
What is the cause of all this?? To have a greater insight of what is happening, We ought to analyze some technical indicators. The most interesting and telling are these ones:
A Money Flow Index (MFI) of 100.0, a Relative Strength Index (RSI) of 50.0, a True Strength Index (TSI) of 100.0, a Moving Average Convergence Divergence (MACD) of 0.008, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.106, an Accumulation/Distribution Index (ADI) of 0.106, an On-Balance Volume (OBV) of 3.73, and a Chaiikin Money Flow (CMF) of 3.88. 1.0
Now let’s plug these indicators in. Consulting Trading View, this is what it all means:
So there you have it – our analysis of Hovnanian Enterprises Inc (NASDAQ:HOVNP). That’s what we have now, but please BE EDUCATED! Do your own research, and absolutely do not rely solely on the above – investigate things for yourself.