How the price action of Nvr ($NVR) is used to our Advantage

August 22, 2023, 00:45 am ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for NVR

• NONE. Details

There is no current Support Plan to trigger a buy of this stock at this time. This usually means that there are no clear support levels at this time, so buying the stock as it falls could be considered catching a falling knife. Buy signals only exist if resistance breaks higher.
This often is a signal that the stock you are watching is weak. Waiting for a turn higher may be more intelligent than trying to catch a falling knife. In any case, new support levels are usually revised to the database at the beginning of the next trading session.

• Short NVR slightly under 6085.60, target n/a, stop loss @ 6103.18 Details

The technical summary data is suggesting a short of NVR as it gets near 6085.60, but the downside target is not available from the current data. This tells us to hold that position if it is triggered until a new downside target has been established (updates occur at the beginning of every trading session) or until the position has been stopped. The summary data tells us to have a stop loss in place at 6103.18. 6085.60 is the first level of resistance above 6009.22, and by rule, any test of resistance is a short signal. In this case, if resistance 6085.60 is being tested, so a short signal would exist.

Swing Trading Plans for NVR

• Buy NVR slightly over 6085.60, target 6095.60, Stop Loss @ 6068.02 Details

If 6085.60 begins to break higher, the technical summary data tells us to buy NVR just slightly over 6085.60, with an upside target of 6095.60. The data also tells us to set a stop loss @ 6068.02 in case the stock turns against the trade. 6085.60 is the first level of resistance above 6009.22, and by rule, any break above resistance is a buy signal. In this case, 6085.60, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVR slightly near 6085.60, target 5956.19, Stop Loss @ 6103.18. Details

The technical summary data is suggesting a short of NVR if it tests 6085.60 with a downside target of 5956.19. We should have a stop loss in place at 6103.18 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6085.60, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NVR

• Buy NVR slightly over 6060.97, target 6085.60, Stop Loss @ 6046.83 Details

If 6060.97 begins to break higher, the technical summary data tells us to buy NVR just slightly over 6060.97, with an upside target of 6085.60. The data also tells us to set a stop loss @ 6046.83 in case the stock turns against the trade. 6060.97 is the first level of resistance above 6009.22, and by rule, any break above resistance is a buy signal. In this case, 6060.97, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NVR slightly near 6060.97, target 5958.29, Stop Loss @ 6075.11. Details

The technical summary data is suggesting a short of NVR if it tests 6060.97 with a downside target of 5958.29. We should have a stop loss in place at 6075.11 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 6060.97, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Check the time stamp on this data. Updated AI-Generated Signals for  Nvr (NVR) available here: NVR.

NVR Ratings for August 22:

Term →	Near	Mid	Long
Rating	Weak	Neutral	Strong
P1	0	0	6085.60
P2	5958.29	5956.19	6359.42
P3	6060.97	6095.60	6641.23

AI Generated Signals for NVR

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Our job as #investors is to pay attention to the #stocks we own.  Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The  Nvr (NYSE: NVR) data table below can help you with price action, and we have more details too. Trading plans for NVR are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.