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AI Analysis of DHI
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DR Horton Inc stock price down 0.212% on Wednesday
(Updated on Apr 17, 2024)

Sell candidate since Apr 16, 2024 Loss -0.21% PDF

The DR Horton Inc stock price fell by -0.212% on the last day (Wednesday, 17th Apr 2024) from $146.05 to $145.74. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.24% from a day low at $144.96 to a day high of $148.20. The price has fallen in 6 of the last 10 days and is down by -7.65% for this period. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 million shares were bought and sold for approximately $422.52 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 $150.09. A reaction back to this level may hold a second chance to get out before further falls.

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DHI Signals & Forecast

There are few to no technical positive signals at the moment. 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 $149.98 and $154.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -11.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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 $3.24 between high and low, or 2.24%. For the last week, the stock has had daily average volatility of 2.32%.

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 Thursday 18th

For the upcoming trading day on Thursday, 18th we expect DR Horton Inc to open at $146.30, and during the day (based on 14 day Average True Range), to move between $141.61 and $149.87, which gives a possible trading interval of +/-$4.13 (+/-2.83%) up or down from last closing price. If DR Horton Inc takes out the full calculated possible swing range there will be an estimated 5.67% 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 (1.72%) than the support at $143.13 (1.79%), 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: -2.535 Sell Candidate Unchanged

Predicted Opening Price for DR Horton Inc of Thursday, April 18, 2024

Fair opening price April 18, 2024 Current price
$146.30 ( 0.384%) $145.74

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 149.54 2.61 %
R2 148.30 1.76 %
R1 147.54 1.23 %
Current price: 145.74
Support S1 145.06 -0.465 %
S2 144.30 -0.99 %
S3 143.06 -1.84 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 155.30 6.56 %
R2 150.32 3.14 %
R1 148.25 1.72 %
Current price 145.74
Support S1 143.13 -1.79%
S2 141.57 -2.86%
S3 139.21 -4.48%

DHI Dividend Payout History


# Declaration Date 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

What is the symbol for DR Horton Inc Stock and on which exchange is it traded?
The symbol for DR Horton Inc is DHI and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell DR Horton Inc Stock?
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.

How to buy DR Horton Inc Stock?
DR Horton Inc Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy DR Horton Inc Stock.

What's the current price of DR Horton Inc Stock?
As of the end of day on the 2024-04-17, the price of an DR Horton Inc (DHI) share was $145.74.

What is the 52-week high and low for DR Horton Inc Stock?
The 52-week high for DR Horton Inc Stock is $165.75 and the 52-week low is $100.09.

What is the market capitalization of DR Horton Inc Stock?
As of the 2024-04-17, the market capitalization of DR Horton Inc is 48.359B.

When is the next earnings date for DR Horton Inc?
The upcoming earnings date for DR Horton Inc is Apr 18, 2024.
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About DR Horton Inc

DR Horton D.R. Horton, Inc. operates as a homebuilding company in East, North, Southeast, South Central, Southwest, and Northwest regions in the United States. It engages in the acquisition and development of land; and construction and sale of residential homes in 31 states and 98 markets under the names of D.R. Horton, America's Builder, Express Homes, Emerald Homes, and Freedom Homes. The company constructs and sells single-family detached homes; and att... DHI Profile

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