U.S. new home sales fell 6.9% in April
Sales of new U.S. homes sank 6.9% in April, mostly influenced by a decline in the sale of homes worth less than $300,000. The Commerce Department said that new homes sold at a seasonally adjusted annual rate of 673,000 in April, down from 723,000 in March. However, year-to-date home sales are running 6.7% above the pace set in 2018.
Buyers have been helped by lower mortgage rates and a solid job market. But higher prices and a lack of sales listings have been an obstacle this year for sales of new and existing homes, limiting the number of people who can afford to buy.
XHB in upward trend: price may jump up because it broke its lower Bollinger Band on April 07, 2025
XHB may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In of 29 cases where XHB's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where XHB's RSI Oscillator exited the oversold zone, of 22 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on April 22, 2025. You may want to consider a long position or call options on XHB as a result. In of 83 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
The Moving Average Convergence Divergence (MACD) for XHB just turned positive on April 22, 2025. Looking at past instances where XHB's MACD turned positive, the stock continued to rise in of 50 cases over the following month. The odds of a continued upward trend are .
XHB moved above its 50-day moving average on May 08, 2025 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where XHB advanced for three days, in of 327 cases, the price rose further within the following month. The odds of a continued upward trend are .
Bearish Trend Analysis
The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 63 cases where XHB's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where XHB declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for XHB entered a downward trend on April 15, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category ConsumerDiscretionary