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Stock Trend Analysis Report
Prepared for you on Wednesday, November 20, 2024.
New Horizon Aircraft Ltd. - Class A Ordinary Shares (NASDAQ:HOVR)
Sidelines Mode (-55) - HOVR is moving in a sideways pattern and is unable to gain momentum in either direction. Beware of choppy movement and consider a sidelines position until a stronger trend is identified.
Is it time to buy, sell, or avoid HOVR?
MarketClub looks at technical strength and momentum to determine if the timing is right for HOVR.
Learn more about the Trade Triangles and how we make technical analysis as easy as buy and sell.
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MarketClub’s Trade Triangles for HOVR
The long-term trend has been DOWN since May 21st, 2024 at 1.0000
The intermediate-term trend has been UP since Nov 11th, 2024 at 0.3733
The short-term trend has been DOWN since Nov 18th, 2024 at 0.4382
Smart Scan Analysis for HOVR
Based on our trend formula, HOVR is rated as a -55 on a scale from -100 (Strong Downtrend) to +100 (Strong Uptrend).
| Open | High | Low | Price | Change |
|---|---|---|---|---|
| 0.380000 | 0.481500 | 0.380000 | 0.446819 | +0.072219 |
| Prev. Close | Volume | Bid | Ask | Time |
| 0.450000 | 2668264 | 2024-11-19 15:59:36 |
| 52wk High | 4.025 | 52wk High Date | 2024-01-16 |
| 52wk Low | 0.24 | 52wk Low Date | 2024-10-03 |
| Average Volume | 7,878,109 | Shares Outstanding | 24,574 |