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Hovnanian Enterprises: KDJ Death Cross and Bearish Marubozu on 15-Minute Chart.
ByAinvest
Thursday, Jul 10, 2025 12:37 pm ET1min read
Hovnanian Enterprises' 15-minute chart has recently exhibited a KDJ Death Cross and Bearish Marubozu pattern on July 10, 2025 at 12:30. This indicates a shift in the momentum of the stock price towards the downside, with a potential for further decline. The market appears to be controlled by sellers, and it is likely that bearish momentum will continue.
Hovnanian Enterprises (NYSE:HOV), a major homebuilder, has recently exhibited bearish indicators on its 15-minute chart, signaling a potential decline in stock price. On July 10, 2025, at 12:30, the Moving Average Convergence Divergence (MACD) triggered a "Death Cross," indicating a shift in momentum towards the downside. Additionally, the KDJ indicator also triggered a "Death Cross," further supporting the bearish trend. The stock price formed a "Bearish Marubozu" candlestick pattern, suggesting a strong bearish trend and dominance of sellers in the market. These indicators collectively point to a potential continuation of the downward trend, with bearish momentum likely to persist [2].Hovnanian Enterprises has been facing financial challenges, with a decline in revenue and net income during the second quarter of its 2025 fiscal year. The company reported a 3.1% decrease in revenue to $686.5 million, despite increases in financial services and land sales revenues. The average price of a home delivered fell from $535,408 to $506,081, contributing to the overall drop in sales. Net income plummeted from $48.2 million to $17.1 million, and operating cash flow declined significantly from $88.9 million to $22.3 million [1].
Despite these challenges, Hovnanian Enterprises has made progress in reducing leverage. The net leverage ratio has fallen from 8.9 in 2019 to 2.1 as of the end of last year, thanks to a reduction in total debt from $1.68 billion to $942 million. The company has adopted an asset-light approach, controlling more lots through options, which has allowed it to grow its supply of lots from 29,123 to 42,440 as of the end of the second quarter of 2025 [1].
References:
[1] https://seekingalpha.com/article/4800144-hovnanian-enterprises-top-tier-homebuilder
[2] https://www.ainvest.com/news/hovnanian-enterprises-macd-death-cross-kdj-death-cross-bearish-marubozu-indicators-triggered-15min-chart-2507/
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