Ahead of the important supporting MA we seem to halt amidst an open window. If we fail to close it we will likely go back to retest the all time high again.
The 78 % last controlling the rise Fibonacci level had been taking out already last week.
New ATH needed to break the resistance at the top of the cup.
EL has not been met.
Price is at the support line for an ascending triangle.
A stop could be placed under this support line.
No recommendation
The PEAD projected a Bullish outlook for $NVR after a positive under reaction following its earnings release placing the stock in drift A with an expected accuracy of 55.56%.
Neutral pattern until a line is broken.
Earnings in January. This company has a large EPS, yet does not pay a dividend.
Homebuilder's are not on most folks buy list right now but I plan to watch this one and perhaps catch it when I see a possible bottom being made in the sector which may be a while )o:
EPS (FWD)
459.08
PE (FWD)
9.00
Div Rate (TTM)
-
Yield...
The PEAD projected a Bearish outlook for $NVR after a Negative Under reaction following its earnings release placing the stock in drift D with an expected accuracy of 42.86%.
IF you were with the watchlist last week this trade worked out just as planned. NVR was basing at the bottom of its range and then showed me that it wanted to move back up. Added to the position and took profits at resistance.
THe red ellipse is a nice area to put a buy order. A small buy order. don't get to crazy with size. This chart is in a range and it will take a minute for you to make some gains.
Pattern only valid over long entry level
Possible stop under handle low or mid cup of 3057
Not a recommendation
No rising wedges noted
Short interest is very low
Since my last post, I've adjusted my price target to $5,900 per share. Analysts are too conservative and wrong about $NVR and the influence of the unprecedented action from the Fed. That said, my price target has many assumptions baked in including continued low rates through all of 2021, a Trump re-election (extension of the low tax regime) and COVID...
Read a fascinating article from Forbes this morning about the state of the American housing market, Allegedly supply and demand are at an all time high and millennials Nearly at the mean age of buying houses 34y/o. so I opted to have a look myself and yes its True, sinse February it's been on a 45% bull run. Impressive stuff... And they say it can go higher......
This 120m chart of NVR shows an ongoing triangle within a larger degree A-B-C correction. I'm counting the sharp, impulsive move off the high as wave A, followed by a wave B triangle. If the stock breaks lower from here, profit targets would be the 61.8% and 100% Fibonacci extensions of the distance traveled in wave A. Initiating a short position at 3050 for a...
After some interesting Q1 results discosed on April the 19th, with EPS and net margin topping analysts' forecasts, the stock is now continuing in its uptrend with a trailing support netting higher and higher lows.
RSI on the 4h chart shows an overbought situation but the distance of price to the support line is currently of 16724bps, roughly a 5,7% margin.
...
Looks like this stock is giving clear technical bullish analysis. Even though it looks little oversold, it is high on bullish trend as we can see here.
For copiers, I will be buying this stock coming week and hold for few weeks to book decent profit.
