GET DAILY SIGNALSHousing Market Update
Do the rising interest rates started to take a toll on new home buyers? Maybe! At least new home sales missed most analyst’s expectations.
Here are the hard numbers: the new home sales decreased 5.3% month-over-month in June to a seasonally adjusted rate of 631,000. The number itself does not tell you much, of course. Moreover, it is significantly below most the estimates (O.K. – what a big deal? Most analysts are wrong most of the time anyway). But what is important is that the June decline is the largest monthly drop since December – and the prices declined as well.
The median sales price decreased by 4.2% year-over-year to $302,000 (Bay Area residents – do not laugh – these new buyers were not buying garages – but real houses). The average price decreased by 2.0% to $363,300.
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Serhii Bondarenko is an AI-focused trading strategist and financial markets analyst specializing in the development and application of AI trading bots and autonomous trading agents. His work combines technical analysis, fundamental analysis, and quantitative research to identify market patterns, forecast price movements, and analyze liquidity, volatility, and correlations across global stock markets. Serhii actively publishes market insights, forecasts, and trading frameworks on platforms such as Investing.com and Finextra, with a strong focus on AI-driven decision-making and next-generation algorithmic trading. His research aims to bridge the gap between traditional trading methodologies and advanced artificial intelligence, helping traders and investors navigate complex and rapidly evolving market conditions.
ITB's MACD Histogram crosses above signal line
The Moving Average Convergence Divergence (MACD) for ITB turned positive on October 15, 2026. Looking at past instances where ITB's MACD turned positive, the stock continued to rise in 46 of 51 cases over the following month. The odds of a continued upward trend are 90%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Momentum Indicator moved above the 0 level on October 20, 2026. You may want to consider a long position or call options on ITB as a result. In 64 of 74 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are 86%.
Bearish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the overbought zone for 4 days. The longer the ticker stays in the overbought zone, the sooner a price pull-back is expected.
ITB moved below its 50-day moving average on October 28, 2026 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ITB declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 89%.
ITB broke above its upper Bollinger Band on October 22, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
The Aroon Indicator for ITB entered a downward trend on October 21, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
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