NVR Price Prediction Next Week
Technical Analysis: Based on recent price action, NVR stock shows a strong bearish trend, with the price falling below all major moving averages. The RSI at 30.05 indicates oversold conditions, while MACD at -248.09 confirms the bearish momentum.
Price Target Analysis for Next Week:
- Current price: $7,365.72
- Support levels: $7,342.56 (Fibonacci S1), $7,192.36 (Fibonacci S2)
- Resistance levels: $7,828.78 (Fibonacci R1), $7,978.97 (Fibonacci R2)
News Impact:
- Positive: Recent U.S. new home sales increased 3.6% in December, surpassing expectations, indicating sustained momentum in housing market despite high mortgage rates.
- Concerning: Insider trading shows 6 sales and 0 purchases in past 6 months, while institutional investors show mixed activity with 260 adding shares and 316 reducing positions.
Price Forecast for Next Week: Based on technical indicators and news sentiment:
- Most likely scenario (60% probability): Price will test support at $7,342.56 before attempting a modest recovery to $7,500
- Bearish scenario (30% probability): Break below $7,192.36, potentially reaching $7,000
- Bullish scenario (10% probability): Recovery above $7,828.78 if market sentiment improves significantly
Trading Recommendation: SELL Rationale:
- All major moving averages showing bearish trend
- Negative MACD divergence
- Insider selling pressure
- Institutional investors reducing positions
- RSI indicates oversold conditions, but trend remains bearish
Optimal entry point for short positions: Current market price ($7,365.72) Target exit: $7,192.36 Stop-loss: $7,828.78
NVR Similar Chart Price Prediction
The price of NVR is predicted to go up -6.72%, based on the high correlation periods with RCEL. The similarity of these two price pattern on the periods is 97.53%.
NVR
RCEL
Down: -6.72%Similarity: 97.53%
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NVR Analyst's Forecast
John Lovallo
UBS
Hold
2025-01-08
Price Target
$9,450 → $8,750
Upside
+9.29%
UBS lowered the firm's price target on NVR to $8,750 from $9,450 and keeps a Neutral rating on the shares. UBS views the setup for homebuilder stocks in 2025 favorably and believes market sentiment has rapidly shifted towards peak pessimism, which often creates the most attractive buying opportunities for the group, the analyst tells investors in a research note. The firm believes underlying housing fundamentals remain firmly intact and that the public builders are increasingly well-positioned to gain share from smaller, private competitors.
Michael Rehaut
JP Morgan
Hold
2024-12-13
Price Target
$9,820 → $9,245
Upside
+7.65%
Rafe Jadrosich
B of A Securities
Strong Buy
2024-10-23
Price Target
$10,800 → $10,600
Upside
+12.63%
