DR Horton Inc Stock Forecast
Green day on Thursday for DR Horton Inc
(Updated on Apr 18, 2024)
The DR Horton Inc stock price gained 0.113% on the last trading day (Thursday, 18th Apr 2024), rising from $145.74 to $145.91. During the last trading day the stock fluctuated 5.95% from a day low at $145.59 to a day high of $154.25. The price has been going up and down for this period, and there has been a -6.55% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 5 million shares were bought and sold for approximately $794.97 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at $145.95. A reaction back to this level may hold a second chance to get out before further falls.
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DHI Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.113%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The DR Horton Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $148.20 and $154.54. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for DR Horton Inc stock
DR Horton Inc finds support from accumulated volume at $143.13 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $8.66 between high and low, or 5.95%. For the last week, the stock has had daily average volatility of 3.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DHI) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect DR Horton Inc to open at $148.58, and during the day (based on 14 day Average True Range), to move between $141.45 and $150.36, which gives a possible trading interval of +/-$4.46 (+/-3.06%) up or down from last closing price. If DR Horton Inc takes out the full calculated possible swing range there will be an estimated 6.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $148.25 (1.61%) than the support at $143.13 (1.90%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
DR Horton Inc will release earnings BMO on Thursday, April 18, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.09. We will update the financials statements for DR Horton Inc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.85% in the first trading day after earnings release.
Is DR Horton Inc stock A Buy?
The DR Horton Inc stock holds several negative signals and despite the positive trend, we believe DR Horton Inc will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.908 Sell Candidate Unchanged
Predicted Opening Price for DR Horton Inc of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| $148.58 ( 1.83%) | $145.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DHI
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.24 | 7.77 % | |
| R2 | 153.93 | 5.50 % | ||
| R1 | 151.89 | 4.10 % | ||
| Current price: | 145.91 | |||
| Support | S1 | 145.27 | -0.433 % | |
| S2 | 143.23 | -1.83 % | ||
| S3 | 139.92 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 155.30 | 6.44 % | |
| R2 | 150.32 | 3.03 % | ||
| R1 | 148.25 | 1.61 % | ||
| Current price | 145.91 | |||
| Support | S1 | 143.13 | -1.90% | |
| S2 | 141.57 | -2.97% | ||
| S3 | 139.21 | -4.59% |
DHI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 05, 2024 | Feb 05, 2024 | Feb 13, 2024 | $0.300 | 0.211% |
| 2 | Nov 07, 2023 | Nov 20, 2023 | Nov 28, 2023 | $0.300 | 0.238% |
| 3 | Jul 20, 2023 | Aug 04, 2023 | Aug 14, 2023 | $0.250 | 0.203% |
| 4 | Apr 20, 2023 | May 02, 2023 | May 10, 2023 | $0.250 | 0.230% |
| 5 | Jan 24, 2023 | Feb 06, 2023 | Feb 14, 2023 | $0.250 | 0.252% |
FAQ
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