D.R. HORTON INC. - Daily - Technical analysis published on 04/13/2024 (GMT)
- 144
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
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- Timeframe : Daily
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Neutral
Underlying:
Bullish
Technical indicators
28%
39%
33%
My opinion
Bullish above 138.92 USD
My targets
157.37 USD (+3.73%)
164.55 USD (+8.46%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on D.R. HORTON INC.. As long as you are above the support located at 138.92 USD, traders with an aggressive trading strategy could consider a purchase. A cross of the resistance located at 157.37 USD would be a signal that the basic trade will reverse and the short-term trend could then quickly become bullish. Buyers would then use the next resistance located at 164.55 USD as an objective. If the support 138.92 USD were to be broken, this would simply be a sign of a possible continuation of short-term consolidation and trading against the trend would then perhaps be more risky.
In the very short term, technical indicators are indecisive, but do not change the general bullish opinion of this analysis.
Force
0
10
1.1
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This analysis was given by hsokkar. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
D.R. HORTON INC. rating 151.71 USD. The price has increased by +0.68% since the last closing and was between 148.97 USD and 151.75 USD. This implies that the price is at +1.84% from its lowest and at -0.03% from its highest.148.97
151.75
151.71
A bearish opening was detected by the Central Gaps scanner. Sellers are trying to impose a bearish trend in the very short term.
Bearish opening
Type : Bearish
Timeframe : Openning
A study of price movements over other periods shows the following variations:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new LOW record (1 month)
Type : Bearish
Timeframe : Weekly
Technical
Technical analysis of D.R. HORTON INC. in Daily shows an overall bullish trend. 64.29% of the signals given by moving averages are bullish. Caution: the neutral signals currently given by short-term moving averages show us that the global trend is losing momentum. The Central Indicators scanner detects bullish signals on moving averages that could impact this trend:
Bullish price crossover with Moving Average 50
Type : Bullish
Timeframe : Daily
Bullish price crossover with adaptative moving average 50
Type : Bullish
Timeframe : Daily
In fact, of the 18 technical indicators analysed by Central Analyzer, 5 are bullish, 6 are neutral and 7 are bearish. But beware of excesses. The Central Indicators scanner currently detects this:
CCI indicator is oversold : under -100
Type : Neutral
Timeframe : Daily
Pivot points : price is under support 1
Type : Neutral
Timeframe : Weekly
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows several results that can have an impact on the price change:
Near horizontal support
Type : Bullish
Timeframe : Daily
Support of channel is broken
Type : Bearish
Timeframe : Daily
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
R1
R2
Price
| S3 | S2 | S1 | Price | R1 | R2 | |
|---|---|---|---|---|---|---|
| ProTrendLines | 130.15 | 138.92 | 150.32 | 151.71 | 157.37 | 164.55 |
| Change (%) | -14.21% | -8.43% | -0.92% | - | +3.73% | +8.46% |
| Change | -21.56 | -12.79 | -1.39 | - | +5.66 | +12.84 |
| Level | Intermediate | Intermediate | Major | - | Major | Intermediate |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 147.09 | 148.03 | 149.87 | 150.81 | 152.65 | 153.59 | 155.43 |
| Camarilla | 150.95 | 151.20 | 151.46 | 151.71 | 151.97 | 152.22 | 152.48 |
| Woodie | 147.54 | 148.26 | 150.32 | 151.04 | 153.10 | 153.82 | 155.88 |
| Fibonacci | 148.03 | 149.09 | 149.75 | 150.81 | 151.87 | 152.53 | 153.59 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 135.82 | 142.00 | 146.85 | 153.03 | 157.88 | 164.06 | 168.91 |
| Camarilla | 148.68 | 149.69 | 150.70 | 151.71 | 152.72 | 153.73 | 154.74 |
| Woodie | 135.17 | 141.67 | 146.20 | 152.70 | 157.23 | 163.73 | 168.26 |
| Fibonacci | 142.00 | 146.21 | 148.81 | 153.03 | 157.24 | 159.84 | 164.06 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 136.72 | 142.55 | 153.55 | 159.38 | 170.38 | 176.21 | 187.21 |
| Camarilla | 159.92 | 161.47 | 163.01 | 164.55 | 166.09 | 167.64 | 169.18 |
| Woodie | 139.31 | 143.84 | 156.14 | 160.67 | 172.97 | 177.50 | 189.80 |
| Fibonacci | 142.55 | 148.98 | 152.95 | 159.38 | 165.81 | 169.78 | 176.21 |
Numerical data
The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 45.43 | |
| MACD (12,26,9): | 0.1300 | |
| Directional Movement: | -6.90 | |
| AROON (14): | -50.00 | |
| DEMA (21): | 156.23 | |
| Parabolic SAR (0,02-0,02-0,2): | 165.05 | |
| Elder Ray (13): | -4.78 | |
| Super Trend (3,10): | 162.90 | |
| Zig ZAG (10): | 151.71 | |
| VORTEX (21): | 0.9500 | |
| Stochastique (14,3,5): | 11.64 | |
| TEMA (21): | 154.33 | |
| Williams %R (14): | -79.86 | |
| Chande Momentum Oscillator (20): | -7.56 | |
| Repulse (5,40,3): | 1.3900 | |
| ROCnROLL: | -1 | |
| TRIX (15,9): | 0.1600 | |
| Courbe Coppock: | 4.91 |
| MA7: | 154.34 | |
| MA20: | 157.13 | |
| MA50: | 151.54 | |
| MA100: | 147.11 | |
| MAexp7: | 153.73 | |
| MAexp20: | 155.28 | |
| MAexp50: | 152.21 | |
| MAexp100: | 145.40 | |
| Price / MA7: | -1.70% | |
| Price / MA20: | -3.45% | |
| Price / MA50: | +0.11% | |
| Price / MA100: | +3.13% | |
| Price / MAexp7: | -1.31% | |
| Price / MAexp20: | -2.30% | |
| Price / MAexp50: | -0.33% | |
| Price / MAexp100: | +4.34% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
Don't forget to follow the news on D.R. HORTON INC.. At the time of publication of this analysis, the latest news was as follows:
- Anthony Launches New Automatic Beer Cave Door in Partnership with Horton Automatics
- James Hardie Building Products Announces Exclusive National Relationship with D.R. Horton, "America's Builder"
- D.R. Horton, Inc., America’s Builder, Reports Fiscal 2023 Third Quarter Earnings and Declares Quarterly Dividend of $0.25 Per Share
- D.R. Horton, Inc. Acquires the Homebuilding Operations of Truland Homes
- D.R. Horton, Inc. to Release 2023 Third Quarter Earnings on July 20, 2023
This member declared not having a position on this financial instrument or a related financial instrument.
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