Hovnanian Enterprises Stock Technical Analysis

HOV Stock  USD 158.68  5.62  3.67%   
As of the 28th of March, Hovnanian Enterprises retains the Market Risk Adjusted Performance of 0.0303, downside deviation of 3.91, and Risk Adjusted Performance of 0.0211. Hovnanian Enterprises technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down and interpolate data for nineteen technical drivers for Hovnanian Enterprises, which can be compared to its competitors. Please check out Hovnanian Enterprises information ratio and downside variance to decide if Hovnanian Enterprises is priced fairly, providing market reflects its last-minute price of 158.68 per share. Given that Hovnanian Enterprises has jensen alpha of (0.42), we strongly advise you to confirm Hovnanian Enterprises's regular market performance to make sure the company can sustain itself at a future point.

Hovnanian Enterprises Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Hovnanian, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Hovnanian
  
Hovnanian Enterprises' Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Hovnanian Enterprises Analyst Consensus

Target PriceAdvice# of Analysts
27.0Strong Sell0Odds
Hovnanian Enterprises current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Hovnanian analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Hovnanian stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Hovnanian Enterprises, talking to its executives and customers, or listening to Hovnanian conference calls.
Hovnanian Analyst Advice Details
Hovnanian Enterprises technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Hovnanian Enterprises technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Hovnanian Enterprises trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Hovnanian Enterprises Technical Analysis

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Incorrect Input. Please change your parameters or increase the time horizon required for running this function. The output start index for this execution was zero with a total number of output elements of zero. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Hovnanian Enterprises volatility. High ATR values indicate high volatility, and low values indicate low volatility.

Hovnanian Enterprises Trend Analysis

Use this graph to draw trend lines for Hovnanian Enterprises. You can use it to identify possible trend reversals for Hovnanian Enterprises as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Hovnanian Enterprises price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Hovnanian Enterprises Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Hovnanian Enterprises applied against its price change over selected period. The best fit line has a slop of   0.23  , which may imply that the returns on investment in Hovnanian Enterprises will continue to fail. It has 122 observation points and a regression sum of squares at 2005.7, which is the sum of squared deviations for the predicted Hovnanian Enterprises price change compared to its average price change.

About Hovnanian Enterprises Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Hovnanian Enterprises on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Hovnanian Enterprises based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Hovnanian Enterprises price pattern first instead of the macroeconomic environment surrounding Hovnanian Enterprises. By analyzing Hovnanian Enterprises's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Hovnanian Enterprises's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Hovnanian Enterprises specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2021 2022 2023 2024 (projected)
Dividend Yield0.04410.02470.02220.0211
Price To Sales Ratio0.08880.160.180.17

Hovnanian Enterprises March 28, 2024 Technical Indicators

Most technical analysis of Hovnanian help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Hovnanian from various momentum indicators to cycle indicators. When you analyze Hovnanian charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.
When determining whether Hovnanian Enterprises is a strong investment it is important to analyze Hovnanian Enterprises' competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Hovnanian Enterprises' future performance. For an informed investment choice regarding Hovnanian Stock, refer to the following important reports:
Check out Risk vs Return Analysis to better understand how to build diversified portfolios, which includes a position in Hovnanian Enterprises. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in persons.
For more information on how to buy Hovnanian Stock please use our How to Invest in Hovnanian Enterprises guide.
You can also try the Portfolio Center module to all portfolio management and optimization tools to improve performance of your portfolios.

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When running Hovnanian Enterprises' price analysis, check to measure Hovnanian Enterprises' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Hovnanian Enterprises is operating at the current time. Most of Hovnanian Enterprises' value examination focuses on studying past and present price action to predict the probability of Hovnanian Enterprises' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Hovnanian Enterprises' price. Additionally, you may evaluate how the addition of Hovnanian Enterprises to your portfolios can decrease your overall portfolio volatility.
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Is Hovnanian Enterprises' industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Hovnanian Enterprises. If investors know Hovnanian will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Hovnanian Enterprises listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth
0.288
Earnings Share
27.53
Revenue Per Share
449.441
Quarterly Revenue Growth
0.153
Return On Assets
0.0721
The market value of Hovnanian Enterprises is measured differently than its book value, which is the value of Hovnanian that is recorded on the company's balance sheet. Investors also form their own opinion of Hovnanian Enterprises' value that differs from its market value or its book value, called intrinsic value, which is Hovnanian Enterprises' true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Hovnanian Enterprises' market value can be influenced by many factors that don't directly affect Hovnanian Enterprises' underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Hovnanian Enterprises' value and its price as these two are different measures arrived at by different means. Investors typically determine if Hovnanian Enterprises is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Hovnanian Enterprises' price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.