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Advanced TA SearchArchive
- 4/5/2024 -
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Pulte Homes, Inc. (PHM) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Pulte Homes, Inc. (PHM). During the week, the PHM dropped -4.27 points, or -3.54%, and closed at 116.35 on Friday, April 5, 2024. Weekly volume was -33% below average.
 Long-term trend: [See PHM long-term trend chart]
A long-term uptrend had started on October 4, 2011 at 3.29 and reached 121.08 on April 1, 2024. PHM gained -117.79 points, or -3580.24%, in 651 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (40.55) 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 PHM medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 35.03 and reached 121.08 on April 1, 2024. PHM gained -86.05 points, or -245.65%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (79.50) 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 medium-term trend.
 Weekly Technical Indicators: [See PHM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). 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 links to access Lane's Stochastic and 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 PHM short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 100.24 and reached 121.08 on April 1, 2024. PHM gained -20.84 points, or -20.79%, in 48 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 114.06 and resistance is at 122.77. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
 Daily Technical Indicators: [See PHM 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.
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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