HOVR Technical

Technical Sentiment Analysis for New Horizon Aircraft Ltd (HOVR) As of 2026-05-20, New Horizon Aircraft Ltd (HOVR) is exhibiting a Strong Buy technical sentiment. Our proprietary analysis, which aggregates 12 technical signals, shows that 11 indicators are flashing buy, while 1 are indicating sell.

Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for HOVR stands at 56.352, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at 0.134, providing a Buy signal for short-term momentum. Other oscillators like the Stochastic Oscillator at 38.759 and the Commodity Channel Index (CCI) at 48.96 further confirm a -0.425 outlook for the stock.

Support, Resistance & Moving Averages From a structural perspective, HOVR is trading below its 60-day moving average of $1.89 and below its 200-day long-term moving average of $1.977. Key price levels to watch include the immediate resistance at $2.627 and strong support at $2.022. A break above $2.627 could signal a bull continuation, while falling below $2.022 may test the next Fibonacci floor at $1.736.