DR HORTON INC (DHI) Technical Analysis
NYSE:DHI • US23331A1097
Current stock price
DHI Technical Rating and Analysis
We assign a technical rating of 8 out of 10 to DHI. Both in the recent history as in the last year, DHI has proven to be a steady performer, scoring decent points in every aspect analyzed.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, DHI did better than 72% of all other stocks.
- DHI is one of the better performing stocks in the Household Durables industry, it outperforms 81% of 60 stocks in the same industry.
- In the last month DHI has a been trading in the 132.39 - 166.98 range, which is quite wide. It is currently trading near the high of this range.
- DHI has an average volume of 2700850 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- 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.
DHI Weekly and Daily overview Charts
DHI Setup Rating and Analysis
Although DHI has an excellent technical rating, the quality of the presented setup is not ideal 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
DHI Support and Resistance Analysis
133.92
When analyzing the support we can see 2 important areas.
- A support zone ranging from 147.13 to 150.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @135.27 from a trend line in the weekly time frame.
When analyzing the resistance we notice 5 important areas.
- A resistance zone ranging from 159.32 to 161.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @163.92 from a trend line in the daily time frame.
- Resistance @167.79 from a horizontal line in the daily time frame.
- Resistance @173.13 from a trend line in the weekly time frame.
- Resistance @181.81 from a horizontal line in the weekly time frame.
DHI 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 | UP | POSITIVE | The short term trend for DHI is up. |
| ChartMill Relative Strength | 72.13 | POSITIVE | DHI has a high relative strength, it outperformed 72.13% off all stocks 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) | 63.95 | NEUTRAL | The RSI value for DHI is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 2.25 | POSITIVE | The MACD value suggests DHI has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.2 | OVERBOUGHT | The high Stochastics value suggests DHI may be overbought. |
| Average True Range in percent/ATR (20) | 3.31 | MEDIUM VOLATILITY | The ATR as a percentage value for DHI suggests some volalility. |
| Average Directional Index/ADX (14) | 30.02 | POSITIVE | The high ADX value value for DHI suggests a strong trend. |
DHI Chart- and CandleStick Pattern Analysis
DHI Technicals: Chart, Performance Metrics, Trend & Indicators
156.41
-2.92 (-1.83%)
DR HORTON INC / DHI TA FAQ
What is the technical rating for DHI stock?
ChartMill assigns a technical rating of 8 / 10 to DHI.
Can you provide the trend direction for DR HORTON INC?
The current trend direction for DR HORTON INC (DHI) is Bullish.
What is the RSI signal for DHI stock?
DR HORTON INC (DHI) has an RSI value of 63.9465. This indicates that the stock is currently neutral.
What is the short term momentum for DR HORTON INC (DHI) stock?
The short term momentum for DR HORTON INC (DHI) is positive.
Can you provide the buy/sell signal for DR HORTON INC?
The buy/sell signal for DR HORTON INC (DHI) is buy as both the short term and long term trends are positive.