DR HORTON INC (DHI) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:DHI • US23331A1097
We assign a technical rating of 3 out of 10 to DHI. 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.
- DHI is part of the Household Durables industry. There are 60 other stocks in this industry. DHI outperforms 76% of them.
- DHI has an average volume of 3283450 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
- When compared to the yearly performance of all other stocks, DHI outperforms 49% of them, which is more or less in line with the market.
- 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.
- In the last month DHI has a been trading in the 137.70 - 161.93 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, DHI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 142.42, a Stop Loss order could be placed below this zone.
More info and screens
135.94
When analyzing the support we can see 2 important areas.
- A support zone ranging from 141.69 to 142.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 137.31 to 137.32. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 149.29 to 152.15. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 158.44 to 159.02. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 165.00 to 165.01. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @176.45 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 | NEUTRAL | NEUTRAL | The long term trend for DHI is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for DHI is down. |
| ChartMill Relative Strength | 49.17 | 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 | MIXED | The current price of DHI is below the rising 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) | 45.65 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.7 | NEGATIVE | The MACD value suggests DHI has a negative trend. |
| Stochastics (14,3) | 30.03 | NEUTRAL | The Stochastics value for DHI is a neutral value. |
| Average True Range in percent/ATR (20) | 3.81 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 13.24 | NEGATIVE | The low ADX value for DHI suggests a weak or negative trend. |
148.84
-1.58 (-1.05%)
DR HORTON INC / DHI FAQ
What is the technical rating for DHI stock?
ChartMill assigns a technical rating of 3 / 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 45.6514. 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 -0.704234, 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 149.29. Check the full technical report for our detailed analysis of DHI support and resistance levels.