The Greedy Trader Weekly Analysis
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Weekly Pattern:Rising Channel
Number of records: 2
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Channeling Stock - rising channel and falling channel.
Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.
channeling stock,stock channeling,rising channel,falling channel,Price Channel
D.R. Horton
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Summary:
Weekly :Oversold sectorRelative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldThe price touches the lower Bollinger Band
Move cursor over the icon to see details.

It was the negative week for the D.R. Horton (DHI). During the week, the DHI dropped -1.69 points, or -4.68%, and closed at 34.40 on Friday, November 09, 2018. Weekly volume was 61% above average.

DHI is a member of Industrial Goods Sector. Industrial Goods is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See DHI long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 3.79 and reached 53.32 on January 4, 2018. DHI gained -49.53 points, or -1306.86%, in 475 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 30.29 and resistance is at 50.02. 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 long-term trend.

Medium-term trend: [See DHI medium-term trend chart]
A medium-term downtrend had started on August 21, 2018 at 46.91 and reached 33.70 on November 8, 2018. DHI lost 13.21 points, or 28.16%, in 11 weeks. The price is now at the 5.30% retracement level.

Weekly Technical Indicators: [See DHI weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 28, 2018. This is an indication that the medium-term trend is down. 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 November 7, 2018 at 37.93 and reached 33.70 on November 8, 2018. DHI lost 4.23 points, or 11.15%, in 1 days. The price is now at the 16.55% retracement level.

Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range.

The daily MACD line is above its signal line since October 30, 2018. The distance between MACD and the signal line is low and getting smaller.

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.

The price touches the lower Bollinger Band. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 47.85
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 62.77
Greed/Fear Indicator (GFI) 39.49
Moving Average Converg./Diverg. (MACD) -1.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.42
Oversold
Williams' Percentage Range (W%R) 97.00
Strong Oversold
Lane's Stochastic (%D-Slow) 10.31
Oversold
Greed/Fear Indicator (GFI) 16.81
Oversold
Moving Average Converg./Diverg. (MACD) -0.90
Trading Signals
Description Value Chart
50 Day Moving Average 39.77
Upper Bollinger Band 39.32
Parabolic System 37.88
20 Day Moving Average 36.28
Daily Stochastic Crossing 35.97
Weekly Stochastic Crossing 34.87
Price 34.40
Lower Bollinger Band 34.31
Yearly Trendline Support 30.29
Sector and Industry
Description Name Rank
Sector Industrial Goods 2
Industry Residential Construction 15
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 37.93
High Date 11/07/2018
Low 33.70
Low Date 11/08/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 46.91
High Date 08/21/2018
Low 33.70
Low Date 11/08/2018
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 53.32
High Date 01/04/2018
Low 33.70
Low Date 11/08/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 17.52
Low Date 09/05/2013
High 53.32
High Date 01/04/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 50.02
Support 30.29
Low 3.79
Low Date 11/21/2008
High 53.32
High Date 01/04/2018
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.

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