Hovnanian Enterprises Inc (NYSE:HOV) Went Up 3.2%, And Here’s Why

      Comments Off on Hovnanian Enterprises Inc (NYSE:HOV) Went Up 3.2%, And Here’s Why

After completing its last trading session, Hovnanian Enterprises Inc (NYSE:HOV) spiked up by 3.2% – here is what that looked like (as of 2019-12-26):

What’s the reason for these moves? To have a greater insight of what is happening, it is helpful 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 0.001, 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 160.366, and a Chaiikin Money Flow (CMF) of 21.08. 2.043

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

So when putting all the technical indicators together, this is what you get. Note this is technical analysis only! You should do fundamental research as well, and do not just rely on this – we take no responsibility for any losses incurred if you buy or sell based on the above.