The charts on the homebuilders are stretched and NYSE:TOL looks to be putting in a top here after 5 waves up. Interest rates are cruising higher and there is no reason the builders should be flying this high.
Homemakers are making money over fist.
Does this confirm that the housing bull market will continue.
It seems like it doesn't it
This ratio highlights the housing bottom in the 90's
this Ratio also topped out in 2005 before the housing bubble popped
#Roaring20's
Toll Brothers is a company which designs, builds, markets, sells, and arranges financing for residential and commercial properties in the United States. In 2020, the company was the fifth largest home builder in the United States, based on homebuilding revenue. The company is ranked 411th on the Fortune 500.
Bias: Buy/Long
High risk as the setup is ahead of earnings.
Sector: Consumer Cyclical - Residential Construction | Country: USA
Company Overview:
Toll Brothers Inc., a key player in the consumer cyclical sector, specifically residential construction, holds a significant position in shaping the real estate landscape in the United States. Known for its innovative approach and commitment to quality, Toll Brothers Inc....
Comments on Quantitative Analysis Sector Comparison
Homebuilder sentiment dropped to a five-month low in September as higher rates push prospective buyers out of the market
Revenues from land sales are little.
Comments on Business
Continuous hike in interest rates and high-cost environment are concerning.
There was a reduce in headcount, causing...
Entry: with price above 75.97
Volume: with average or greater volume
Target: 81.41 area
Stop: Depending on your risk tolerance; Based on an entry of 75.98, 74.17 gets you 3/1 Reward to Risk Ratio.
This swing trade idea is not trade advice and is strictly based on my ideas and technical analysis. No due diligence or fundamental analysis was performed while...
Toll Brothers, Inc. is an American real estate company known for its emphasis on luxury. It operates primarily in the residential real estate sector, focusing on the design, construction, and sale of various types of homes across the country. These range from detached and attached homes in luxury residential communities to condominiums through its City Living...
According TipRanks, the average price target for Toll Brothers is $71.22. This is based on 11 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $82.00 ,the lowest forecast is $57.00.
The average price target represents 4.67% Increase from the current price of $68.04.
"Toll Brothers" has broken above a previous resistance area with a strong price gain supported by greater than normal volume . Be careful as it could pull back. Perhaps look for a buy price if it reaches 72$ to confirm direction"
1% maximum size of your portofolio
With mortgage applications dropping in the States to the lowest low this century, I see an opportunity to short. I marked a few free PD Arrays I will watch in the coming weeks.
Home builders had a steep fall in the 1st half of 2022 and had been building a base in the 2nd half. They have now emerged from the base and appear to be on the slow path to recovery.
TOL has seen at least 3 gap ups since it's last golden cross on 8 Nov22. A sign that moemntum has been building since this golden cross. There was an attempt to break above it's...
Why is TOL rallying with other home building stocks? Great Depression 2 on the horizon, companies have begun laying off and will do so in spades soon. 30 year mortgages went from 3.2 percent to 6.5-7%, gas is $7 a gallon, credit card debt is a record $1.1 trillion! If interest rates stay UP house prices will come DOWN the American ponzi scheme of indentured...
Bear Flag is a continuation pattern. The current trend is down and is now consolidating in a bear flag. Short if and as it breaks at least $0.50 below the bear flag.
trail stops down diligently as bear markets are prone to sharp bear rallies.
Disclaimer: Just my 2 cents and not a trade advice. Kindly do your own due diligence and trade according to your own...
Short (Entry Price) below the black line and exit (Stop Loss) above the red line. Can take profit at the suggested Target Price.
Entry Price: $50.24
Target Price: $49.24
Stop Loss: $51.92
