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Advanced TA SearchArchive - 6/7/2024 - Sign In to see current Signals. |
D.R. Horton (DHI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 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 -7.58 points, or -5.13%, and closed at 140.22 on Friday, June 7, 2024. On Friday DHI has reached 138.08 - the lowest level since December 15, 2023. It was the worst weekly loss since April 19, 2024. Weekly volume was -24% below average. DHI is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry. 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 (34.84) 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 118.87 and resistance is at 177.02. 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 strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 below its signal line since April 5, 2024. 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 May 15, 2024 at 157.73 and reached 138.08 on June 7, 2024. DHI lost 19.65 points, or 12.46%, in 23 days. The price is now at the 10.89% retracement level. Daily Technical Indicators: [See DHI daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. The daily MACD line is below its signal line since May 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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