DHI Forecast and Technical Stock Analysis
Buy candidate since 2019-09-11 Gain 0.08% PDF
DR Horton Inc fell by -0.56% in the last day ( Friday, 13th Sep 2019 ) from $49.77 to $49.49 During the day the stock fluctuated 2.93% from a day low at $49.01 to a day high of $50.45. The price has risen in 6 of the last 10 days and is up by 0.45% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -1.28 million shares and in total 3.61 million shares bought and sold for approximately $178.69 million.
- 30 day high of the DHI stock price was $50.89 and low was $46.82.
- 90 day high was $50.89 and low was $41.41.
- 52 week high for DR Horton Inc - $50.89 and low - $32.39.
DR Horton Inc lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.34% during the next 3 months and, with 90% probability hold a price between $55.00 and $60.19 at the end of this period.
DR Horton Inc holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately $49.71. On a fall, the stock will find some support from the long-term average at approximately $48.21. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Tuesday September 10, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSImin/max Values: [ 25 - 75 ]
RSI14 is 54 and the stock is currently not being overbought or oversold
* Stockinvest.us uses dynamical calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behaviour.
Support & Resistance
DR Horton Inc finds support from accumulated volume at $49.45.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.44 (2.93%) between high and low. For the last week, the stock has had daily average volatility of 1.94%.
Our recommended stop-loss: $46.48 (-6.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 3 days ago.)
1.94 %Average volatility
Very Low Low Medium High Very High
DR Horton Inc holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.
|DHI $49.49 ($-0.28 -0.56%)|
DHI is down $0.28 today, but where's it headed in 2019?
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Golden Star Signal
This unique signal uses moving averages and adds special requirements that convert the very good Golden Cross into a Golden Star.
This signal is rare and, in most cases, gives substantial returns. From 8.000 stocks usually only a few will trigger a Golden Star Signal per day!