D.R. HORTON INC. - 1H - Technical analysis published on 09/13/2024 (GMT)
- 108
- 0
I am pleased to note that the threshold for invalidation has been maintained for 20 Candlesticks.
Click here for a new analysis!
Click here for a new analysis!
- Timeframe : 1H
- - Analysis generated on
- Status : LEVEL MAINTAINED
Summary of the analysis
Trends
Short term:
Strongly bullish
Underlying:
Strongly bullish
Technical indicators
89%
0%
11%
My opinion
Bullish above 191.79 USD
My targets
199.19 USD (+2.37%)
My analysis
All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on D.R. HORTON INC. as long as the price remains well above 191.79 USD. The buyers' bullish objective is set at 199.19 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.
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
8.6
Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.
This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
D.R. HORTON INC. rating 194.57 USD. The price registered an increase of +3.05% on the session and was traded between 191.00 USD and 194.87 USD over the period. The price is currently at +1.87% from its lowest and -0.15% from its highest.191.00
194.87
194.57
The Central Gaps scanner detects a bullish gap which is a sign that buyers have taken the lead in the very short term.
Opening Gap UP
Type : Bullish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
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
Technical analysis of D.R. HORTON INC. in 1H shows a strongly overall bullish trend. The signals given by the moving averages are 89.29% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
Technical indicators are strongly bullish, suggesting that the price increase should continue.
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 1
Type : Neutral
Timeframe : Weekly
Pivot points : price is over resistance 3
Type : Neutral
Timeframe : 1 hour
An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:
Resistance of channel is broken
Type : Bullish
Timeframe : 1 hour
No result was found by the Central Candlesticks scanner on Japanese candlesticks.
ProTrendLines
S3
S2
S1
Price
| S3 | S2 | S1 | Price | |
|---|---|---|---|---|
| ProTrendLines | 186.14 | 189.64 | 191.79 | 194.57 |
| Change (%) | -4.33% | -2.53% | -1.43% | - |
| Change | -8.43 | -4.93 | -2.78 | - |
| Level | Minor | Intermediate | Major | - |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 182.54 | 184.02 | 186.42 | 187.90 | 190.30 | 191.78 | 194.18 |
| Camarilla | 187.74 | 188.10 | 188.45 | 188.81 | 189.17 | 189.52 | 189.88 |
| Woodie | 182.99 | 184.25 | 186.87 | 188.13 | 190.75 | 192.01 | 194.63 |
| Fibonacci | 184.02 | 185.51 | 186.42 | 187.90 | 189.39 | 190.30 | 191.78 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 173.00 | 177.31 | 181.73 | 186.04 | 190.46 | 194.77 | 199.19 |
| Camarilla | 183.74 | 184.54 | 185.34 | 186.14 | 186.94 | 187.74 | 188.54 |
| Woodie | 173.05 | 177.34 | 181.78 | 186.07 | 190.51 | 194.80 | 199.24 |
| Fibonacci | 177.31 | 180.65 | 182.71 | 186.04 | 189.38 | 191.44 | 194.77 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 146.03 | 156.53 | 172.64 | 183.14 | 199.25 | 209.75 | 225.86 |
| Camarilla | 181.44 | 183.88 | 186.32 | 188.76 | 191.20 | 193.64 | 196.08 |
| Woodie | 148.85 | 157.93 | 175.46 | 184.54 | 202.07 | 211.15 | 228.68 |
| Fibonacci | 156.53 | 166.69 | 172.97 | 183.14 | 193.30 | 199.58 | 209.75 |
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): | 73.02 | |
| MACD (12,26,9): | 2.1100 | |
| Directional Movement: | 25.02 | |
| AROON (14): | 100.00 | |
| DEMA (21): | 192.12 | |
| Parabolic SAR (0,02-0,02-0,2): | 187.32 | |
| Elder Ray (13): | 3.50 | |
| Super Trend (3,10): | 189.13 | |
| Zig ZAG (10): | 194.67 | |
| VORTEX (21): | 1.1300 | |
| Stochastique (14,3,5): | 96.70 | |
| TEMA (21): | 193.84 | |
| Williams %R (14): | -1.21 | |
| Chande Momentum Oscillator (20): | 9.63 | |
| Repulse (5,40,3): | 0.9200 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.0900 | |
| Courbe Coppock: | 8.73 |
| MA7: | 187.65 | |
| MA20: | 186.25 | |
| MA50: | 174.37 | |
| MA100: | 159.41 | |
| MAexp7: | 192.82 | |
| MAexp20: | 189.79 | |
| MAexp50: | 187.85 | |
| MAexp100: | 186.35 | |
| Price / MA7: | +3.69% | |
| Price / MA20: | +4.47% | |
| Price / MA50: | +11.58% | |
| Price / MA100: | +22.06% | |
| Price / MAexp7: | +0.91% | |
| Price / MAexp20: | +2.52% | |
| Price / MAexp50: | +3.58% | |
| Price / MAexp100: | +4.41% |
Quotes :
-
15 min delayed data
-
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:
- 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…
Add a comment
Comments
0 comments on the analysis D.R. HORTON INC. - 1H