Learn to Evaluate (HOV) using the Charts

November 09, 2024, 21:20 pm ET, BY Jesse F.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HOV

• Buy HOV near 169.4 target 200.91 stop loss @ 168.91 Details

The technical summary data tells us to buy HOV near 169.4 with an upside target of 200.91. This data also tells us to set a stop loss @ 168.91 to protect against excessive loss in case the stock begins to move against the trade. 169.4 is the first level of support below 183.23 , and by rule, any test of support is a buy signal. In this case, support 169.4 would be being tested, so a buy signal would exist.

• Short HOV slightly under 200.91, target 169.4, stop loss @ 201.49 Details

The technical summary data is suggesting a short of HOV as it gets near 200.91 with a downside target of 169.4. We should have a stop loss in place at 201.49though. 200.91 is the first level of resistance above 183.23, and by rule, any test of resistance is a short signal. In this case, if resistance 200.91 is being tested, so a short signal would exist.

Swing Trading Plans for HOV

• Buy HOV slightly over 187.11, target 200.91, Stop Loss @ 186.57 Details

If 187.11 begins to break higher, the technical summary data tells us to buy HOV just slightly over 187.11, with an upside target of 200.91. The data also tells us to set a stop loss @ 186.57 in case the stock turns against the trade. 187.11 is the first level of resistance above 183.23, and by rule, any break above resistance is a buy signal. In this case, 187.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HOV slightly near 187.11, target 178.58, Stop Loss @ 187.65. Details

The technical summary data is suggesting a short of HOV if it tests 187.11 with a downside target of 178.58. We should have a stop loss in place at 187.65 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 187.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for HOV

• Buy HOV slightly over 185.12, target 187.11, Stop Loss @ 184.69 Details

If 185.12 begins to break higher, the technical summary data tells us to buy HOV just slightly over 185.12, with an upside target of 187.11. The data also tells us to set a stop loss @ 184.69 in case the stock turns against the trade. 185.12 is the first level of resistance above 183.23, and by rule, any break above resistance is a buy signal. In this case, 185.12, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short HOV slightly near 185.12, target 179.35, Stop Loss @ 185.55. Details

The technical summary data is suggesting a short of HOV if it tests 185.12 with a downside target of 179.35. We should have a stop loss in place at 185.55 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 185.12, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Hovnanian Enterprises Inc. Class A (HOV) available here: HOV.

HOV Ratings for November 09:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	169.4
P2	179.35	178.58	200.91
P3	185.12	187.11	235.36

AI Generated Signals for HOV

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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet.  However, if we pay close attention we can see what is going on, and make good decisions.. The  Hovnanian Enterprises Inc. Class A (NYSE: HOV) report below can help you understand how to do this. The trading plans for HOV, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.