Londinia Opportunities Analyses - 05/02/2024 (GMT) PULTEGROUP INC. - 1H

- USD (-)

- 15 min delayed data - NYSE Stocks

Type:	Stocks
Ticker:	PHM
ISIN:

Londinia

I am delighted to see that my first price objective has been achieved. I hope you've taken advantage of it.

U.S. Stocks
Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Bullish

Underlying: Strongly bullish

Technical indicators

83%

11%

My opinion

Bullish above 112.36 USD

My targets

115.28 USD (+1.40%)

117.75 USD (+3.57%)

My analysis

The basic bullish trend is very strong on PULTEGROUP INC. but the short term shows some signs of running out of steam. However, a purchase could be considered as long as the price remains above 112.36 USD. Crossing the first resistance at 115.28 USD would be a sign of a potential new surge in the price. Buyers would then use the next resistance located at 117.75 USD as an objective. Crossing it would then enable buyers to target 120.62 USD. Caution, a return to below 112.36 USD would be a sign of a consolidation phase in the short-term basic trend. 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, 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

7.9

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Additional analysis

Quotes

The PULTEGROUP INC. rating is 113.69 USD. The price registered an increase of +1.67% on the session and was between 111.00 USD and 113.78 USD. This implies that the price is at +2.42% from its lowest and at -0.08% from its highest.

111.00

113.78

113.69

A bullish opening was detected by the Central Gaps scanner. Buyers are trying to impose a bullish momentum in the very short term.

Bullish opening

Type : Bullish

Timeframe : Openning

Here is a more detailed summary of the historical variations registered by PULTEGROUP INC.:

The study of the highest / lowest by the Central Records scanner shows the following result:

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of PULTEGROUP INC. indicates that the overall trend is strongly bullish. 89.29% of the signals given by moving averages are bullish. The slightly bullish signals given by the short-term moving averages indicate this trend is showing signs of running out of steam. There is no crossing of moving average by the price or crossing of moving averages between themselves.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Other results related to technical indicators were also found by the Central Indicators scanner:

MACD crosses UP its Moving Average

Type : Bullish

Timeframe : 1 hour

MACD indicator is back over 0

Type : Bullish

Timeframe : 1 hour

Momentum indicator is back over 0

Type : Bullish

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

The presence of a bullish Japanese candlestick pattern detected by Central Candlesticks that could cause a very short term rebound was also detected:

Upside gap

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price	R1	R2	R3
ProTrendLines	107.11	109.66	112.36	113.69	113.84	115.28	117.75
Change (%)	-5.79%	-3.54%	-1.17%	-	+0.13%	+1.40%	+3.57%
Change	-6.58	-4.03	-1.33	-	+0.15	+1.59	+4.06
Level	Intermediate	Minor	Intermediate	-	Minor	Intermediate	Minor

Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	105.44	107.94	109.88	112.38	114.32	116.82	118.76
Camarilla	110.60	111.01	111.41	111.82	112.23	112.63	113.04
Woodie	105.16	107.80	109.60	112.24	114.04	116.68	118.48
Fibonacci	107.94	109.64	110.68	112.38	114.08	115.12	116.82

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	98.22	101.70	107.75	111.23	117.28	120.76	126.81
Camarilla	111.18	112.05	112.93	113.80	114.67	115.55	116.42
Woodie	99.51	102.34	109.04	111.87	118.57	121.40	128.10
Fibonacci	101.70	105.34	107.59	111.23	114.87	117.12	120.76

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	87.19	95.89	103.66	112.36	120.13	128.83	136.60
Camarilla	106.89	108.40	109.91	111.42	112.93	114.44	115.95
Woodie	86.72	95.66	103.19	112.13	119.66	128.60	136.13
Fibonacci	95.89	102.19	106.07	112.36	118.66	122.54	128.83

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):	55.96
MACD (12,26,9):	0.0300
Directional Movement:	10.25
AROON (14):	35.72
DEMA (21):	112.67
Parabolic SAR (0,02-0,02-0,2):	111.16
Elder Ray (13):	0.71
Super Trend (3,10):	109.59
Zig ZAG (10):	113.52
VORTEX (21):	0.9200
Stochastique (14,3,5):	56.04
TEMA (21):	112.34
Williams %R (14):	-30.18
Chande Momentum Oscillator (20):	2.11
Repulse (5,40,3):	1.1300
ROCnROLL:	1
TRIX (15,9):	-0.0100
Courbe Coppock:	0.82

MA7:	112.68
MA20:	111.01
MA50:	111.69
MA100:	107.33
MAexp7:	112.91
MAexp20:	112.58
MAexp50:	112.10
MAexp100:	111.64
Price / MA7:	+0.90%
Price / MA20:	+2.41%
Price / MA50:	+1.79%
Price / MA100:	+5.93%
Price / MAexp7:	+0.69%
Price / MAexp20:	+0.99%
Price / MAexp50:	+1.42%
Price / MAexp100:	+1.84%

Quotes : - 15 min delayed data - Actions NYSE

News

The latest news and videos published on PULTEGROUP INC. at the time of the analysis were as follows: