DR HORTON INC (DHI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DHI - US23331A1097 - Common Stock
Taking everything into account, DHI scores 5 out of 10 in our technical rating. In the last year, DHI was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
DHI has an average technical rating and also the quality of the setup is only medium 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
138.64
When analyzing the support we can see 4 important areas.
- A support zone ranging from 151.97 to 155.03. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @147.51 from a trend line in the weekly time frame.
- Support @142.42 from a horizontal line in the weekly time frame.
- Support @140.04 from a trend line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 156.80 to 159.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 162.50 to 165.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @177.98 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 | UP | POSITIVE | The long term trend for DHI is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DHI is up. |
| ChartMill Relative Strength | 50.74 | NEUTRAL | DHI is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of DHI is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of DHI is above 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) | 54.59 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests DHI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 56.25 | NEUTRAL | The Stochastics value for DHI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.03 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 23.2 | NEUTRAL | The ADX value for DHI suggests a possible start of a new trend. |
156.47
+0.02 (+0.01%)
DR HORTON INC / DHI FAQ
What is the ChartMill technical rating of DR HORTON INC (DHI) stock?
ChartMill assigns a technical rating of 5 / 10 to DHI.
What is the current trend direction of DR HORTON INC (DHI) stock?
The current trend direction for DR HORTON INC (DHI) is Bullish.
Can you provide the RSI signal for DR HORTON INC?
DR HORTON INC (DHI) has an RSI value of 54.5934. This indicates that the stock is currently neutral.
What is the MACD signal for DR HORTON INC (DHI) stock?
The MACD indicator for DR HORTON INC (DHI) has a value of 0.3356, indicating a bearish trend.
What is the buy/sell signal for DR HORTON INC (DHI) stock?
The buy/sell signal for DR HORTON INC (DHI) is buy as both the short term and long term trends are positive.