How the (HOV) price action is used to our Advantage
April 08, 2024, 20:36 pm ET, BY Harold S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HOV
- Buy HOV slightly over 127.07 target 155.16 stop loss @ 126.7 Details
The technical summary data tells us to buy HOV near 127.07 with an upside target of 155.16. This data also tells us to set a stop loss @ 126.7 to protect against excessive loss in case the stock begins to move against the trade. 127.07 is the first level of support below 151.01 , and by rule, any test of support is a buy signal. In this case, support 127.07 would be being tested, so a buy signal would exist.
- Short HOV slightly under 155.16, target 127.07, stop loss @ 155.61 Details
The technical summary data is suggesting a short of HOV as it gets near 155.16 with a downside target of 127.07. We should have a stop loss in place at 155.61though. 155.16 is the first level of resistance above 151.01, and by rule, any test of resistance is a short signal. In this case, if resistance 155.16 is being tested, so a short signal would exist.
Swing Trading Plans for HOV
- Buy HOV slightly over 155.16, target 158.22, Stop Loss @ 154.71 Details
If 155.16 begins to break higher, the technical summary data tells us to buy HOV just slightly over 155.16, with an upside target of 158.22. The data also tells us to set a stop loss @ 154.71 in case the stock turns against the trade. 155.16 is the first level of resistance above 151.01, and by rule, any break above resistance is a buy signal. In this case, 155.16, 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 155.16, target 148, Stop Loss @ 155.61. Details
The technical summary data is suggesting a short of HOV if it tests 155.16 with a downside target of 148. We should have a stop loss in place at 155.61 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, 155.16, 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 151.54, target 155.16, Stop Loss @ 151.19 Details
If 151.54 begins to break higher, the technical summary data tells us to buy HOV just slightly over 151.54, with an upside target of 155.16. The data also tells us to set a stop loss @ 151.19 in case the stock turns against the trade. 151.54 is the first level of resistance above 151.01, and by rule, any break above resistance is a buy signal. In this case, 151.54, 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 151.54, target 148, Stop Loss @ 151.89. Details
The technical summary data is suggesting a short of HOV if it tests 151.54 with a downside target of 148. We should have a stop loss in place at 151.89 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, 151.54, 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 April 08:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Neutral |
Strong |
Strong |
| P1 |
0 |
0 |
127.07 |
| P2 |
151.54 |
148 |
155.16 |
| P3 |
157.46 |
158.22 |
184.02 |
AI Generated Signals for HOV
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Hovnanian Enterprises Inc. Class A (NYSE: HOV) data table below can help you with price action, and we have more details too. Trading plans for HOV are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HOV:
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