The Greedy Trader Weekly Analysis
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Yearly Price vs. Fibonacci:Near 23.6% retracement level
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Stock market trading indicator and technical analysis stock screen presents technical stock market timing signals for technical investment analysis like screen stochastic or moving average trading system.. Screen includes following popular indicators and trading systems: Relative Strength Index (RSI), Williams' Percentage Range (W%R) and Lane's Stochastic (%D–Slow), moving average, macd convergence divergence, bullish and bearish divergence. For the best result different technical indicators should be analyzed in different time frames together with trend analysis, sector/industry ranking and stock timing alerts.

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- 4/5/2024 -
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D.R. Horton (DHI) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Stochastic signal line moved below overbought areaDaily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARPrice is near the Fibonacci 38.2% retracement level
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It was the negative week for the D.R. Horton (DHI). During the week, the DHI dropped -6.03 points, or -3.66%, and closed at 158.52 on Friday, April 5, 2024. It was the worst weekly loss since January 26, 2024. Weekly volume was -30% below average.

Long-term trend: [See DHI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.79 and reached 165.75 on April 1, 2024. DHI gained -161.96 points, or -4273.35%, in 801 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (34.50) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See DHI medium-term trend chart]
A medium-term uptrend had started on June 17, 2022 at 59.26 and reached 165.75 on April 1, 2024. DHI gained -106.49 points, or -179.70%, in 93 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 113.44 and resistance is at 172.18. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See DHI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 17, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See DHI short-term trend chart]
A short-term downtrend had started on April 1, 2024 at 165.75 and reached 154.29 on April 2, 2024. DHI lost 11.46 points, or 6.91%, in 1 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 60.20
Williams' Percentage Range (W%R) 56.80
Lane's Stochastic (%D-Slow) 33.86
Greed/Fear Indicator (GFI) 45.77
Moving Average Converg./Diverg. (MACD) 2.86
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.68
Williams' Percentage Range (W%R) 21.10
Lane's Stochastic (%D-Slow) 79.00
Greed/Fear Indicator (GFI) 70.17
Moving Average Converg./Diverg. (MACD) 9.22
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 172.18
Parabolic System 165.23
Upper Bollinger Band 164.61
Weekly Stochastic Crossing 160.68
Price 158.52
20 Day Moving Average 157.16
Daily Stochastic Crossing 157.03
50 Day Moving Average 150.40
Lower Bollinger Band 148.81
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Homebuilding 88
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 165.75
High Date 04/01/2024
Low 154.29
Low Date 04/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 138.83
Low Date 01/24/2024
High 165.75
High Date 04/01/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 100.08
Low Date 10/24/2023
High 165.75
High Date 04/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 172.18
Support 113.44
Low 59.26
Low Date 06/17/2022
High 165.75
High Date 04/01/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 82.18
Support 34.50
Low 3.79
Low Date 11/21/2008
High 165.75
High Date 04/01/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.