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|It was a first positive week after 5 consecutive negative weeks for the D.R. Horton (DHI). During the week, the DHI gained 1.49 points, or 3.38%, and closed at 45.57 on Friday, February 16, 2018. It was the best weekly gain since November 24, 2017. Weekly volume was 64% above average. |
DHI is a member of Industrial Goods Sector. Industrial Goods is the second most overbought 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 price is near the trend resistance line (47.04). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.
Medium-term trend: [See DHI medium-term trend chart]
A medium-term uptrend had started on September 5, 2013 at 17.52 and reached 53.32 on January 4, 2018. DHI gained -35.80 points, or -204.34%, in 226 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (27.34) 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 medium-term trend.
Weekly Technical Indicators: [See DHI weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since January 26, 2018. The distance between MACD and the signal line is relatively high and getting bigger. Use the following link to access a MACD help.
Short-term trend: [See DHI short-term trend chart]
A short-term uptrend had started on February 6, 2018 at 43.41 and reached 47.43 on February 7, 2018. DHI gained -4.02 points, or -9.26%, in 1 days. The price is now at the 46.27% retracement level.
Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since January 9, 2018. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 distance between the Bollinger Bands is 189.15% higher then one year average. It indicates the period of high volatility of the stock price. 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.