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Advanced TA SearchArchive - 4/5/2024 - Sign In to see current Signals. |
D.R. Horton (DHI) Technical Analysis
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| Summary:
| | Weekly :![Broken trend resistance line](images\bullish.gif) | | Daily :![Stochastic signal line moved below overbought area](images\bearish.gif) ![Daily MACD line has moved below its signal line](images\bearish.gif) ![The price has fallen below the Parabolic SAR](images\bearish.gif) ![Price is near the Fibonacci 38.2% retracement level](images\alert_signals.gif) Move cursor over the icon to see details.
| | It was the negative week for the D.R. Horton (DHI). During the week, the DHI dropped -6.03 points, or -3.66%, and closed at 158.52 on Friday, April 5, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was -30% below average.
Long-term trend: [See DHI long-term trend chart] A long-term uptrend had started on November 21, 2008 at 3.79 and reached 165.75 on April 1, 2024. DHI gained -161.96 points, or -4273.35%, in 801 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (34.50) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.
Medium-term trend: [See DHI medium-term trend chart] A medium-term uptrend had started on June 17, 2022 at 59.26 and reached 165.75 on April 1, 2024. DHI gained -106.49 points, or -179.70%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 113.44 and resistance is at 172.18. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See DHI weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See DHI short-term trend chart] A short-term downtrend had started on April 1, 2024 at 165.75 and reached 154.29 on April 2, 2024. DHI lost 11.46 points, or 6.91%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See DHI daily technical indicators chart] Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
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