NVR Inc

NVR remains in a Stage 4 declining phase with lower highs and lower lows intact and price trading below the 9, 20, and 50 EMAs. Both structural and medium-term biases are bearish. Short-term timing is favorable for continued downside, with price rejecting at the EMAs and breaking consolidation support. Optimal engagement is Sell Now on any rally into the broken consolidation zone near 6.3–6.4.

• ↑Orders +9% YoY to 5,885 units; backlog valued at $4.99B
• ↑Completed $442M buyback (67K shares), boosting EPS prospects
• ↓Net income down 29% to $236.5M; revenues -10.5% YoY