|
|
Uptrend Broken SupportArchive
- 4/19/2024 -
Sign In to see current Signals. |
NVR Inc (NVR) Technical Analysis
|
 |
| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the NVR Inc (NVR). During the week, the NVR dropped -132.98 points, or -1.70%, and closed at 7685.00 on Friday, April 19, 2024. Weekly volume was 10% above average.
 Long-term trend: [See NVR long-term trend chart]
A long-term uptrend had started on June 17, 2022 at 3584.00 and reached 8211.40 on April 1, 2024. NVR gained -4627.40 points, or -129.11%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7596.67). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
 Medium-term trend: [See NVR medium-term trend chart]
A medium-term uptrend had started on October 25, 2023 at 5210.49 and reached 8211.40 on April 1, 2024. NVR gained -3000.91 points, or -57.59%, in 22 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (8701.19) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend.
 Weekly Technical Indicators: [See NVR weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See NVR short-term trend chart]
A short-term downtrend had started on April 15, 2024 at 7949.99 and reached 7593.52 on April 16, 2024. NVR lost 356.47 points, or 4.48%, in 1 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See NVR daily technical indicators chart]
Daily technical indicators are neutral. Daily Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
| |
|
|