The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Archive
- 3/15/2024 -
Sign In to see current Signals.

NVR Inc (NVR) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Broken trend support lineWilliams' Percentage Range and Lane's Stochastic are overboughtTrend resistance at 7433.89
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was the negative week for the NVR Inc (NVR). During the week, the NVR dropped -89.12 points, or -1.16%, and closed at 7565.87 on Friday, March 15, 2024. It was the worst weekly loss since January 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 7840.00 on March 14, 2024. NVR gained -4256.00 points, or -118.75%, in 90 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend resistance line (7433.89). 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 7840.00 on March 14, 2024. NVR gained -2629.51 points, or -50.47%, in 20 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (8492.15) 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 Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. 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 March 14, 2024 at 7840.00 and reached 7499.05 on March 15, 2024. NVR lost 340.95 points, or 4.35%, in 1 days. The price is now at the 19.60% 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 March 4, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.76
Williams' Percentage Range (W%R) 66.80
Lane's Stochastic (%D-Slow) 40.94
Greed/Fear Indicator (GFI) 41.30
Moving Average Converg./Diverg. (MACD) 108.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 77.71
Williams' Percentage Range (W%R) 13.00
Overbought
Lane's Stochastic (%D-Slow) 87.11
Overbought
Greed/Fear Indicator (GFI) 77.25
Moving Average Converg./Diverg. (MACD) 360.65
Trading Signals
Description Value Chart
Quarterly Trendline Support 8492.15
Quarterly Trendline Resistance 7891.24
Parabolic System 7847.84
Upper Bollinger Band 7771.61
Weekly Stochastic Crossing 7695.51
Daily Stochastic Crossing 7646.29
20 Day Moving Average 7592.49
Price 7565.87
Yearly Trendline Resistance 7433.89
Lower Bollinger Band 7373.81
50 Day Moving Average 7360.34
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 89
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 7840.00
High Date 03/14/2024
Low 7499.05
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7840.00
High Date 03/14/2024
Low 7499.05
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 7840.00
High Date 03/14/2024
Low 7499.05
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 7891.24
Support 8492.15
Low 5210.49
Low Date 10/25/2023
High 7840.00
High Date 03/14/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Resistance
Resistance 7433.89
Support 5666.11
Low 3584.00
Low Date 06/17/2022
High 7840.00
High Date 03/14/2024
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.