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Homebuilding Industry Stocks Technical Analysis - DHIArchive
- 5/10/2024 -
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D.R. Horton (DHI) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 3 consecutive negative weeks for the D.R. Horton (DHI). During the week, the DHI climbed 1.49 points, or 1.00%, and closed at 149.97 on Friday, May 10, 2024. DHI was trading at average weekly trading volume.
DHI is a member of Consumer Discretionary Sector. Consumer Discretionary 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 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 (34.69) 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 116.53 and resistance is at 177.75. 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 below its signal line since April 5, 2024. 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 April 25, 2024 at 140.00 and reached 153.54 on May 3, 2024. DHI gained -13.54 points, or -9.67%, in 8 days. The chart has formed a Broadening Ascending Wedge chart pattern.
Daily Technical Indicators: [See DHI daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 2, 2024. This is an indication that the short-term trend is up.
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.
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