In its most recent trading session, Hovnanian Enterprises Inc (NYSE:HOV) spiked up by 2.7% – here is what that looked like (as of 2019-12-23):
Why are these moves happning?? To understand this better, 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 0.009, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.819, an Accumulation/Distribution Index (ADI) of 0.819, an On-Balance Volume (OBV) of 3497.273, and a Chaiikin Money Flow (CMF) of 20.74. 2.556
Now let’s plug these indicators in. According to Trading View, we can conclude the following:
So there you have it – our analysis of Hovnanian Enterprises Inc (NYSE:HOV). 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.