Hovnanian Enterprises Inc (NASDAQ:HOVNP) Fell By -2.4%, And Here’s Why

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For its latest trading sesion, Hovnanian Enterprises Inc (NASDAQ:HOVNP) dropped by -2.4% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To grasp this action better, We ought to analyze some technical indicators. The most important ones are as follows:

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 0.002, an Average Directional Movement Index (ADX) of unknown, an Average True Range (ATR) of 0.113, an Accumulation/Distribution Index (ADI) of 0.113, an On-Balance Volume (OBV) of 4.233, and a Chaiikin Money Flow (CMF) of 4.2. 0.338

Now let’s take all these indicators into account. Consulting Trading View, this is what it all means:

So there you have it – our analysis of Hovnanian Enterprises Inc (NASDAQ:HOVNP). And finally, make sure to DO YOUR OWN RESEARCH! Take the above with a grain of salt, and do your own research.