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Archive
- 11/22/2024 -
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D.R. Horton (DHI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a first positive week for the D.R. Horton (DHI). During the week, the DHI climbed 1.10 points, or 0.68%, and closed at 162.80 on Friday, November 22, 2024. Weekly volume was -32% 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 199.85 on September 19, 2024. DHI gained -196.06 points, or -5173.09%, in 825 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (35.75) 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 199.85 on September 19, 2024. DHI gained -140.59 points, or -237.24%, in 117 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 133.29 and resistance is at 201.59. 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 below its signal line since October 18, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 October 18, 2024 at 195.50 and reached 153.00 on October 29, 2024. DHI lost 42.50 points, or 21.74%, in 11 days. Price is near the Fibonacci 23.6% 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 MACD line has moved above its signal line. Such crossover is considered a bullish signal.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
6 |
| Industry |
Homebuilding |
35 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
195.50 |
| High Date |
10/18/2024 |
| Low |
153.00 |
| Low Date |
10/29/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
199.85 |
| High Date |
09/19/2024 |
| Low |
153.00 |
| Low Date |
10/29/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Channel |
| Status |
Broken Support |
| Resistance |
218.58 |
| Support |
198.74 |
| Low |
133.02 |
| Low Date |
07/02/2024 |
| High |
199.85 |
| High Date |
09/19/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
201.59 |
| Support |
133.29 |
| Low |
59.26 |
| Low Date |
06/17/2022 |
| High |
199.85 |
| High Date |
09/19/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Broken Resistance |
| Resistance |
85.30 |
| Support |
35.75 |
| Low |
3.79 |
| Low Date |
11/21/2008 |
| High |
199.85 |
| High Date |
09/19/2024 |
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