DR HORTON INC (DHI) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:DHI - US23331A1097 - Common Stock
Overall DHI gets a technical rating of 0 out of 10. DHI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The technical rating of DHI is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
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124.72
When analyzing the support we can see 3 important areas.
- A support zone ranging from 142.12 to 142.42. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @137.31 from a horizontal line in the daily time frame.
- Support @125.98 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 155.98 to 158.87. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @179.00 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 | 24.57 | NEGATIVE | DHI has a low relative strength, it was outperformed by 75.43% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of DHI is above 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) | 48.54 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.25 | POSITIVE | The MACD value suggests DHI has a positive trend. |
| Stochastics (14,3) | 41.75 | NEUTRAL | The Stochastics value for DHI is a neutral value. |
| Average True Range in percent/ATR (20) | 2.95 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 29.54 | POSITIVE | The high ADX value value for DHI suggests a strong trend. |
146.71
+9.39 (+6.84%)
DR HORTON INC / DHI FAQ
What is the ChartMill technical rating of DR HORTON INC (DHI) stock?
ChartMill assigns a technical rating of 0 / 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 Bearish.
Can you provide the RSI signal for DR HORTON INC?
DR HORTON INC (DHI) has an RSI value of 48.5427. 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 0.246688, 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 sell as both the short term and long term trends are negative.