D.R. HORTON INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
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Type:	Stocks
Ticker:	DHI
ISIN:

D.R. HORTON INC. - Daily - Technical analysis published on 10/24/2019 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

56%

17%

28%

My opinion

Bullish above 52.87 USD

My targets

54.36 USD (+1.91%)

56.00 USD (+4.99%)

My analysis

D.R. HORTON INC. is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 52.87 USD. The next resistance located at 54.36 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 56.00 USD. After this resistance, buyers could then target 58.95 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

FORCE

7.3

Comment on the analysis

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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The D.R. HORTON INC. rating is 53.34 USD. The price has increased by +0.08% since the last closing with the lowest point at 52.98 USD and the highest point at 53.56 USD. The deviation from the price is +0.68% for the low point and -0.41% for the high point.

52.98

53.56

53.34

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

Near a new HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of D.R. HORTON INC. indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by short-term moving averages. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

In fact, 10 technical indicators on 18 studied are currently bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

Central Indicators, the scanner specialised in technical indicators, has identified these signals:

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Price is back under the pivot point

Type : Bearish

Timeframe : Daily

Central Patterns, the scanner specializing in chart patterns, did not identify any signals.

The Central Candlesticks scanner, specialised in Japanese candlesticks, did not identify any signals.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	45.96	50.47	52.87	53.34
Change (%)	-13.84%	-5.38%	-0.88%	-
Change	-7.38	-2.87	-0.47	-
Level	Intermediate	Major	Major	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	52.05	52.50	52.90	53.35	53.75	54.20	54.60
Camarilla	53.07	53.14	53.22	53.30	53.38	53.46	53.53
Woodie	52.03	52.49	52.88	53.34	53.73	54.19	54.58
Fibonacci	52.50	52.83	53.03	53.35	53.68	53.88	54.20

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	50.12	51.06	52.52	53.46	54.92	55.86	57.32
Camarilla	53.31	53.53	53.75	53.97	54.19	54.41	54.63
Woodie	50.37	51.19	52.77	53.59	55.17	55.99	57.57
Fibonacci	51.06	51.98	52.55	53.46	54.38	54.95	55.86

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	45.18	46.82	49.77	51.41	54.36	56.00	58.95
Camarilla	51.45	51.87	52.29	52.71	53.13	53.55	53.97
Woodie	45.83	47.15	50.42	51.74	55.01	56.33	59.60
Fibonacci	46.82	48.58	49.66	51.41	53.17	54.25	56.00

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):	60.53
MACD (12,26,9):	0.7700
Directional Movement:	16.86
AROON (14):	71.43
DEMA (21):	53.64
Parabolic SAR (0,02-0,02-0,2):	51.78
Elder Ray (13):	0.33
Super Trend (3,10):	50.90
Zig ZAG (10):	53.34
VORTEX (21):	1.0400
Stochastique (14,3,5):	67.24
TEMA (21):	53.56
Williams %R (14):	-36.60
Chande Momentum Oscillator (20):	1.01
Repulse (5,40,3):	-1.2500
ROCnROLL:	1
TRIX (15,9):	0.2300
Courbe Coppock:	4.48

MA7:	53.37
MA20:	52.64
MA50:	50.87
MA100:	47.92
MAexp7:	53.23
MAexp20:	52.57
MAexp50:	50.87
MAexp100:	48.58
Price / MA7:	-0.06%
Price / MA20:	+1.33%
Price / MA50:	+4.86%
Price / MA100:	+11.31%
Price / MAexp7:	+0.21%
Price / MAexp20:	+1.46%
Price / MAexp50:	+4.86%
Price / MAexp100:	+9.80%

News

The last news published on D.R. HORTON INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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