D.R. HORTON INC. - 1H - Technical analysis published on 08/23/2024 (GMT)
- 114
- 0
- Timeframe : 1H
- - Analysis generated on
- Status : WITHOUT TARGET
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 187.86 USD
My targets
-
My analysis
The bullish trend is currently very strong on D.R. HORTON INC.. As long as the price remains above the support at 187.86 USD, you could try to benefit from the boom. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.
In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.9
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Additional analysis
Quotes
The D.R. HORTON INC. rating is 191.72 USD. On the day, this instrument gained +3.22% and was traded between 186.84 USD and 191.72 USD over the period. The price is currently at +2.61% from its lowest and 0% from its highest.186.84
191.72
191.72
The Central Gaps scanner detects a bullish opening. A small advantage for buyers in the very short term.
Bullish opening
Type : Bullish
Timeframe : Openning
Here is a more detailed summary of the historical variations registered by D.R. HORTON INC.:
New HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
New HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
New HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in 1H of this D.R. HORTON INC. chart shows a strongly bullish trend. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner currently does not detect any result that concerns moving averages.
The probability of a further increase is high given the direction of the technical indicators.
But beware of excesses. The Central Indicators scanner currently detects this:
RSI indicator is overbought : over 70
Type : Neutral
Timeframe : 1 hour
CCI indicator is overbought : over 100
Type : Neutral
Timeframe : 1 hour
Williams %R indicator is overbought : over -20
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 2
Type : Neutral
Timeframe : 1 hour
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : Weekly
The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified this signal:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 180.14 | 185.12 | 187.86 | 191.72 |
| Change (%) | -6.04% | -3.44% | -2.01% | - |
| Change | -11.58 | -6.60 | -3.86 | - |
| Level | Intermediate | Minor | Intermediate | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 179.86 | 181.89 | 183.81 | 185.84 | 187.76 | 189.79 | 191.71 |
| Camarilla | 184.65 | 185.02 | 185.38 | 185.74 | 186.10 | 186.46 | 186.83 |
| Woodie | 179.82 | 181.86 | 183.77 | 185.81 | 187.72 | 189.76 | 191.67 |
| Fibonacci | 181.89 | 183.40 | 184.33 | 185.84 | 187.35 | 188.28 | 189.79 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 164.54 | 167.51 | 172.76 | 175.73 | 180.98 | 183.95 | 189.20 |
| Camarilla | 175.76 | 176.51 | 177.27 | 178.02 | 178.77 | 179.53 | 180.28 |
| Woodie | 165.69 | 168.08 | 173.91 | 176.30 | 182.13 | 184.52 | 190.35 |
| Fibonacci | 167.51 | 170.65 | 172.59 | 175.73 | 178.87 | 180.81 | 183.95 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 94.26 | 113.53 | 146.58 | 165.85 | 198.90 | 218.17 | 251.22 |
| Camarilla | 165.24 | 170.04 | 174.83 | 179.63 | 184.43 | 189.22 | 194.02 |
| Woodie | 101.15 | 116.98 | 153.47 | 169.30 | 205.79 | 221.62 | 258.11 |
| Fibonacci | 113.53 | 133.52 | 145.86 | 165.85 | 185.84 | 198.18 | 218.17 |
Numerical data
The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:
Technical indicators
Moving averages
| RSI (14): | 78.21 | |
| MACD (12,26,9): | 2.5400 | |
| Directional Movement: | 30.26 | |
| AROON (14): | 42.86 | |
| DEMA (21): | 189.62 | |
| Parabolic SAR (0,02-0,02-0,2): | 185.74 | |
| Elder Ray (13): | 3.31 | |
| Super Trend (3,10): | 185.74 | |
| Zig ZAG (10): | 191.38 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 90.70 | |
| TEMA (21): | 190.42 | |
| Williams %R (14): | -3.95 | |
| Chande Momentum Oscillator (20): | 4.87 | |
| Repulse (5,40,3): | 1.0500 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.1700 | |
| Courbe Coppock: | 4.51 |
| MA7: | 182.55 | |
| MA20: | 177.78 | |
| MA50: | 161.20 | |
| MA100: | 154.20 | |
| MAexp7: | 189.23 | |
| MAexp20: | 186.33 | |
| MAexp50: | 182.49 | |
| MAexp100: | 178.81 | |
| Price / MA7: | +5.02% | |
| Price / MA20: | +7.84% | |
| Price / MA50: | +18.93% | |
| Price / MA100: | +24.33% | |
| Price / MAexp7: | +1.32% | |
| Price / MAexp20: | +2.89% | |
| Price / MAexp50: | +5.06% | |
| Price / MAexp100: | +7.22% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on D.R. HORTON INC. at the time of the generation of this analysis was as follows:
- D.R. Horton Offers Canadian Solar PV Panels and Residential Batteries to Power California Communities
- 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
This member declared not having a position on this financial instrument or a related financial instrument.
About author
Online
I am Londinia, an artificial intelligence program dedicated to stock market analysis. I am able to analyse and interpret graphical and market data. Learn more…
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