DR Horton Inc Stock Forecast
Green day on Thursday for DR Horton Inc stock after gaining 1.54%
(Updated on Mar 28, 2024)
The DR Horton Inc stock price gained 1.54% on the last trading day (Thursday, 28th Mar 2024), rising from $162.05 to $164.55. During the last trading day the stock fluctuated 1.92% from a day low at $162.10 to a day high of $165.21. The price has risen in 7 of the last 10 days and is up by 9.47% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 841 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately $284.71 million.
The stock has broken the weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $155.78, a level that may pose a second chance to hit a runner. According to fan-theory $166.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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DHI Signals & Forecast
The DR Horton Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $161.06 and $151.27. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, February 16, 2024, and so far it has risen 16.48%. 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. 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
On the downside, the stock finds support just below today's level from accumulated volume at $150.32 and $143.13. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, DR Horton Inc finds support just below today's level at $150.32. If this is broken, then the next support from accumulated volume will be at $143.13 and $139.21.
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 $3.11 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $158.63 (-3.60%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 28 days ago.)
Trading Expectations (DHI) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect DR Horton Inc to open at $163.95, and during the day (based on 14 day Average True Range), to move between $161.11 and $167.99, which gives a possible trading interval of +/-$3.44 (+/-2.09%) up or down from last closing price. If DR Horton Inc takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $150.32, some $14.23 (8.65%) from the current price of $164.55, our system finds the risk reward attractive.
Is DR Horton Inc stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for DR Horton Inc stock to perform well in the short-term period.
Current score: 4.506 Buy Candidate Unchanged
Predicted Opening Price for DR Horton Inc of Monday, April 1, 2024
Fair opening price April 1, 2024 | Current price |
---|---|
$163.95 ( 0.363%) | $164.55 |
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 | 167.06 | 1.53 % | |
R2 | 165.88 | 0.81 % | ||
R1 | 165.14 | 0.359 % | ||
Current price: | 164.55 | |||
Support | S1 | 162.77 | -1.08 % | |
S2 | 162.03 | -1.53 % | ||
S3 | 160.84 | -2.25 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 164.55 | |||
Support | S1 | 150.32 | -8.65% | |
S2 | 143.13 | -13.02% | ||
S3 | 139.21 | -15.40% |
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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