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Daily W%R:< 20
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 3/15/2024 -
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D.R. Horton (DHI) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is overboughtMACD bearish divergenceBroken trend resistance line
Daily :The price has fallen below the Parabolic SAR20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the D.R. Horton (DHI). During the week, the DHI dropped -1.89 points, or -1.23%, and closed at 151.69 on Friday, March 15, 2024. Weekly volume was 7% above 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 157.93 on January 22, 2024. DHI gained -154.14 points, or -4067.02%, in 791 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (34.39) 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 157.93 on January 22, 2024. DHI gained -98.67 points, or -166.50%, in 83 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 111.72 and resistance is at 169.06. 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

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 uptrend had started on January 24, 2024 at 138.83 and reached 157.35 on March 13, 2024. DHI gained -18.52 points, or -13.34%, in 49 days. The price is now at the 30.56% retracement level.

Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.52
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 53.08
Greed/Fear Indicator (GFI) 55.97
Moving Average Converg./Diverg. (MACD) 1.83
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.19
Williams' Percentage Range (W%R) 15.20
Overbought
Lane's Stochastic (%D-Slow) 52.88
Greed/Fear Indicator (GFI) 63.01
Moving Average Converg./Diverg. (MACD) 8.94 Bearish
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 169.06
Upper Bollinger Band 158.82
Parabolic System 157.33
Daily Stochastic Crossing 153.12
Price 151.69
Weekly Stochastic Crossing 149.43
20 Day Moving Average 149.43
50 Day Moving Average 148.23
Lower Bollinger Band 141.83
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 89
Daily Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Low 139.70
Low Date 02/20/2024
High 157.35
High Date 03/13/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 138.83
Low Date 01/24/2024
High 157.35
High Date 03/13/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.08
Low Date 10/24/2023
High 157.93
High Date 01/22/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 169.06
Support 111.72
Low 59.26
Low Date 06/17/2022
High 157.93
High Date 01/22/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 81.91
Support 34.39
Low 3.79
Low Date 11/21/2008
High 157.93
High Date 01/22/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.