DHI Technical Analysis - DR HORTON INC

Technical Rating and Analysis

We assign a technical rating of 7 out of 10 to DHI. Although DHI is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.

In the last month DHI has a been trading in the 161.02 - 184.54 range, which is quite wide. It is currently trading near the lows of this range.

The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.

DHI is one of the better performing stocks in the Household Durables industry, it outperforms 72% of 63 stocks in the same industry.

DHI has an average volume of 4191980 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the performance of all stocks over the past year, DHI turns out to be only a medium performer in the overall market: it outperformed 65% of all stocks.

DHI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so DHI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

DHI has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

116.36

185.89

We found 3 important support areas.

A support zone ranging from 168.29 to 168.29. This zone is formed by a combination of multiple trend lines in multiple time frames.
Support @125.98 from a horizontal line in the daily time frame.
Support @117.54 from a horizontal line in the daily time frame.

We found 1 important resistance area.

A resistance zone ranging from 181.81 to 184.05. This zone is formed by a combination of multiple trend lines in multiple time frames.

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Technical Indicator Signal Analysis

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	UP	POSITIVE	The long term trend for DHI is up.
ChartMill Short Term Trend Indicator	NEUTRAL	NEUTRAL	The short term trend for DHI is neutral.
ChartMill Relative Strength	65.39	NEUTRAL	DHI is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	MIXED	The current price of DHI is below the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of DHI is above the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	MIXED	The current price of DHI is above a declining SMA(200).
Relative Strength Index/RSI (14)	49.36	NEUTRAL	The RSI value for DHI is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-1.99	NEGATIVE	The MACD value suggests DHI has a negative trend.
Stochastics (14,3)	17.76	OVERSOLD	The low Stochastics value suggests DHI may be oversold.
Average True Range in percent/ATR (20)	2.96	MEDIUM VOLATILITY	The ATR as a percentage value for DHI suggests some volalility.
Average Directional Index/ADX (14)	35.69	POSITIVE	The high ADX value value for DHI suggests a strong trend.