DR HORTON INC (DHI) Stock Technical Analysis
NYSE:DHI - New York Stock Exchange, Inc. - US23331A1097 - Common Stock - Currency: USD
We assign a technical rating of 7 out of 10 to DHI. DHI has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
DHI is part of the Household Durables industry. There are 63 other stocks in this industry. DHI outperforms 74% of them.
In the last month DHI has a been trading in the 129.11 - 154.19 range, which is quite wide. It is currently trading near the high of this range.
DHI has an average volume of 4096970 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 44% of all stocks.
DHI is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so DHI is lagging the market slightly.
Although DHI has an excellent technical rating, it does not offer a high 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
113.95
155.05
When analyzing the support we can see 6 important areas.
- Support @136.97 from a trend line in the daily time frame.
- A support zone ranging from 129.81 to 133.41. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.98 from a horizontal line in the daily time frame.
- Support @119.92 from a trend line in the weekly time frame.
- Support @117.54 from a horizontal line in the daily time frame.
- Support @115.10 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 150.31 to 153.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for DHI is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for DHI is up. |
| ChartMill Relative Strength | 44.97 | 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) | 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) | 64.27 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests DHI has a positive trend. |
| Stochastics (14,3) | 65.28 | NEUTRAL | The Stochastics value for DHI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 28.97 | POSITIVE | The high ADX value value for DHI suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
150.3
+7.46 (+5.22%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustryHousehold Durables
Performance
% Chg5.22%
1 Week3.43%
2 Weeks14.04%
1 Month13.95%
3 Month18.06%
6 Month5.92%
12 Month-15.38%
2 Year26.28%
3 Year111.24%
5 Year110.59%
10 Year394.9%
15 Year1364.91%
Volatility
ATR(14)5.58
ATR(20)%3.43%
ATR Inc8.61%
Range Today5.13
ADR(20)4.37
ADR(20)%2.91%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.97
Mansfield-0.5
10 Day High154.19
10 Day Low129.22
20 Day High154.19
20 Day Low129.11
52 Week High199.85
52 Week Low110.44
CS1 End136.97
CR1 Start150.31
Volume & EV
DER(3)-3.75%
DER(5)-2.28%
Volume7.14M
Volume Incr-16.75%
Vol(5)4.18M
Vol(50)4.10M