The economic and financial situation of the company is still strong. Estimated sales from Thomson Reuters consensus are encouraging.
Technically, the security is in an uptrend on all time scales and it is supported by moving averages. The bullish trend will not be stopped until prices are above the USD 1035 short term support. This trend should allow the stock to reach its USD 1187.3 long term resistance, which will be the first target price.
According to both technical and fundamental elements, it seems opportune to take a long position above the USD 1080.1 in closing price. The bullish trend should allow the security to reach the USD 1187.3 resistance. A stop loss will be placed beneath the entry point.
NVR, Inc. is a leading U.S. homebuilder of single-family homes. Net sales break down by activity as follows:
- single home sales (94.6%): single-family detached, semi-detached and row homes (Ryan Homes, NVHomes and Heartland Homes brands);
- mortgage credit (5.4%): USD 6.3 billion outstanding managed in 2022.