The Greedy Trader Weekly Analysis
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Uptrend Broken Support

Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.

Uptrend Broken Support

Archive
- 4/26/2024 -
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NVR Inc (NVR) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineTrend resistance at 7630.59
Daily :
Move cursor over the icon to see details.

It was the negative week for the NVR Inc (NVR). During the week, the NVR gave back -37.96 points, or -0.49%, and closed at 7647.04 on Friday, April 26, 2024. NVR was trading at average weekly trading volume.

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 (7630.59). 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 downtrend had started on April 1, 2024 at 8211.40 and reached 7593.52 on April 16, 2024. NVR lost 617.88 points, or 7.52%, in 2 weeks. The price is now at the 8.66% retracement level.

Weekly Technical Indicators: [See NVR weekly technical indicators chart]
Weekly technical indicators are neutral.

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See NVR short-term trend chart]
A short-term uptrend had started on April 16, 2024 at 7593.52 and reached 7937.51 on April 24, 2024. NVR gained -343.99 points, or -4.53%, in 8 days. The price is now at the 84.44% retracement level.

Daily Technical Indicators: [See NVR daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since April 2, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.15
Williams' Percentage Range (W%R) 77.90
Lane's Stochastic (%D-Slow) 47.50
Greed/Fear Indicator (GFI) 36.58
Moving Average Converg./Diverg. (MACD) 10.48
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.73
Williams' Percentage Range (W%R) 25.00
Lane's Stochastic (%D-Slow) 61.78
Greed/Fear Indicator (GFI) 64.13
Moving Average Converg./Diverg. (MACD) 419.46
Trading Signals
Description Value Chart
Upper Bollinger Band 7977.47
Parabolic System 7938.42
Weekly Stochastic Crossing 7892.81
20 Day Moving Average 7792.83
Daily Stochastic Crossing 7746.57
50 Day Moving Average 7728.96
Price 7647.04
Yearly Trendline Resistance 7630.59
Lower Bollinger Band 7551.39
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Homebuilding 75
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7937.51
High Date 04/24/2024
Low 7594.00
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 7593.52
Low Date 04/16/2024
High 7937.51
High Date 04/24/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 8211.40
High Date 04/01/2024
Low 7593.52
Low Date 04/16/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5210.49
Low Date 10/25/2023
High 8211.40
High Date 04/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7630.59
Support 5809.06
Low 3584.00
Low Date 06/17/2022
High 8211.40
High Date 04/01/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.