On December 24, 2024 Hovnanian Enterprises had Daily Balance Of Power of 0.5136. Balance of Power indicator (or BOP) measures the strength of Hovnanian Enterprises market sensitivity to bulls and bears. It estimates the ability of Hovnanian Enterprises buyers and sellers to push price to an extreme high or extreme low level. As a result, by monitoring Hovnanian Enterprises Balance of Power indicator one can determine a trend of the price direction.
On December 26 2024 Hovnanian Enterprises was traded for 134.53 at the closing time. Highest Hovnanian Enterprises's price during the trading hours was 136.61 and the lowest price during the day was 134.10 . The net volume was 46.1 K. The overall trading history on the 26th of December contributed to the next trading period price depreciation. The trading delta at closing time to the next next day price was 1.31% . The trading delta at closing time to current price is 1.62% .
Balance of Power indicator was created by Igor Livshin to predict asset short term price movements or warning signals. If Balance of Power indicator is trended towards the high of its range it will signify that the bulls are in control. On the other hand when the BOP indicator is moving towards the lows of its range it signifies that the bears are in control. If the indicator move from a high positive range to a lower positive range it signifies that the buying pressure is decreasing. Conversely, if the indicator move from a low negative range to a higher negative range it signifies that the selling pressure is decreasing.
Other Forecasting Options for Hovnanian Enterprises
For every potential investor in Hovnanian, whether a beginner or expert, Hovnanian Enterprises' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Hovnanian Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Hovnanian. Basic forecasting techniques help filter out the noise by identifying Hovnanian Enterprises' price trends.
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Hovnanian Enterprises stock to make a market-neutral strategy. Peer analysis of Hovnanian Enterprises could also be used in its relative valuation, which is a method of valuing Hovnanian Enterprises by comparing valuation metrics with similar companies.
Hovnanian Enterprises Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Hovnanian Enterprises' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Hovnanian Enterprises' current price.
Market strength indicators help investors to evaluate how Hovnanian Enterprises stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Hovnanian Enterprises shares will generate the highest return on investment. By undertsting and applying Hovnanian Enterprises stock market strength indicators, traders can identify Hovnanian Enterprises entry and exit signals to maximize returns.
The analysis of Hovnanian Enterprises' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Hovnanian Enterprises' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting hovnanian stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Build portfolios using Macroaxis predefined set of investing ideas. Many of Macroaxis investing ideas can easily outperform a given market. Ideas can also be optimized per your risk profile before portfolio origination is invoked. Macroaxis thematic optimization helps investors identify companies most likely to benefit from changes or shifts in various micro-economic or local macro-level trends. Originating optimal thematic portfolios involves aligning investors' personal views, ideas, and beliefs with their actual investments.
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.