Installed Building Products Inc

IBP remains in a clear Stage 3 downtrend after the decisive Support Failure, trading well below all declining EMAs and extended into extreme oversold territory without signs of exhaustion. The bearish pivot point pattern reinforces structural repair lower, while RSI and options remain oversold but lack reversal confirmation. Under Speculative execution guidelines, we defer selling until any relief rally into the broken support–now–resistance zone, where we will trim exposure.

• ↑Commercial installation sales grew over 15% in Q2, lifting net revenue 2% YoY to $778M.
• ↑Management expects $100M in incremental annual revenue from acquisitions, backed by a growing multifamily backlog.
• ↓Residential installation revenue grew only 1.8% annually amid low consumer confidence.