DR HORTON INC (DHI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DHI - US23331A1097 - Common Stock
Overall DHI gets a technical rating of 1 out of 10. DHI has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
The technical rating of DHI is bad and it also does not present a quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
135.94
When analyzing the support we can see 3 important areas.
- Support @142.42 from a horizontal line in the weekly time frame.
- Support @139.96 from a trend line in the daily time frame.
- Support @137.31 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 147.62 to 150.83. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 157.51 to 159.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @165.01 from a horizontal line in the daily time frame.
- Resistance @177.21 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | DOWN | NEGATIVE | The long term trend for DHI is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DHI is down. |
| ChartMill Relative Strength | 41.83 | NEUTRAL | DHI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of DHI is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of DHI is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of DHI is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 46.51 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests DHI has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 24.77 | NEUTRAL | The Stochastics value for DHI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.7 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 16.14 | NEGATIVE | The low ADX value for DHI suggests a weak or negative trend. |
145.9
+6.59 (+4.73%)
DR HORTON INC / DHI FAQ
What is the technical rating for DHI stock?
ChartMill assigns a technical rating of 1 / 10 to DHI.
Can you provide the trend direction for DR HORTON INC?
The current trend direction for DR HORTON INC (DHI) is Bearish.
Can you provide the RSI signal for DR HORTON INC?
DR HORTON INC (DHI) has an RSI value of 46.5126. This indicates that the stock is currently neutral.
Can you provide the MACD signal for DR HORTON INC?
The MACD indicator for DR HORTON INC (DHI) has a value of -0.46506, indicating a bearish trend.
Can you provide the support and resistance levels for DR HORTON INC?
DR HORTON INC (DHI) has a support level at 142.42 and a resistance level at 147.62. Check the full technical report for our detailed analysis of DHI support and resistance levels.