(HOV) Pivots Trading Plans and Risk Controls

April 18, 2024, 19:06 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for HOV

• Buy HOV slightly over 125.97 target 154.66 stop loss @ 125.61 Details

The technical summary data tells us to buy HOV near 125.97 with an upside target of 154.66. This data also tells us to set a stop loss @ 125.61 to protect against excessive loss in case the stock begins to move against the trade. 125.97 is the first level of support below 129.03 , and by rule, any test of support is a buy signal. In this case, support 125.97 would be being tested, so a buy signal would exist.

• Short HOV slightly under 154.66, target 125.97, stop loss @ 155.11 Details

The technical summary data is suggesting a short of HOV as it gets near 154.66 with a downside target of 125.97. We should have a stop loss in place at 155.11though. 154.66 is the first level of resistance above 129.03, and by rule, any test of resistance is a short signal. In this case, if resistance 154.66 is being tested, so a short signal would exist.

Swing Trading Plans for HOV

• Buy HOV slightly over 133.57, target 154.66, Stop Loss @ 133.18 Details

If 133.57 begins to break higher, the technical summary data tells us to buy HOV just slightly over 133.57, with an upside target of 154.66. The data also tells us to set a stop loss @ 133.18 in case the stock turns against the trade. 133.57 is the first level of resistance above 129.03, and by rule, any break above resistance is a buy signal. In this case, 133.57, 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 133.57, target 126.03, Stop Loss @ 133.96. Details

The technical summary data is suggesting a short of HOV if it tests 133.57 with a downside target of 126.03. We should have a stop loss in place at 133.96 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, 133.57, 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 131.12, target 133.57, Stop Loss @ 130.81 Details

If 131.12 begins to break higher, the technical summary data tells us to buy HOV just slightly over 131.12, with an upside target of 133.57. The data also tells us to set a stop loss @ 130.81 in case the stock turns against the trade. 131.12 is the first level of resistance above 129.03, and by rule, any break above resistance is a buy signal. In this case, 131.12, 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 131.12, target 126.03, Stop Loss @ 131.43. Details

The technical summary data is suggesting a short of HOV if it tests 131.12 with a downside target of 126.03. We should have a stop loss in place at 131.43 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, 131.12, 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 April 18:

Term →	Near	Mid	Long
Rating	Weak	Weak	Strong
P1	0	0	125.97
P2	124.6	126.03	154.66
P3	131.12	133.57	184.16

AI Generated Signals for HOV

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This Hovnanian Enterprises Inc. Class A (NYSE: HOV) report was produced by Stock Traders Daily.  Over the past 20 years our metholdology has been refined to help identify strategies for both individual stocks and the stock markets, with prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HOV change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HOV is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HOV too.  All of these are offered below the Summary Table.