VOLUME
Sell
TREND
Hold
MV LONG
Buy

MV SHORT
Buy

PIVOT
Sell

MACD
Buy

DHI Forecast and Technical Stock Analysis

Hold candidate since 2019-07-15 Loss -0.04%

DR Horton Inc fell by -0.53% in the last day ( Wednesday, 17th Jul 2019 ) from $45.44 to $45.20 During day the stock fluctuated 1.99% from a day low at $45.14 to a day high of $46.04. The price has been going up and down for this period, and there has been a 2.45% gain for the last 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 -1.43 million shares and in total 1.72 million shares bought and sold for approximately $77.96 million.

Quick summary:

  • 30 day high of the DHI stock price was $46.47 and low was $41.41.
  • 90 day high was $47.02 and low was $41.41.
  • 52 week high for the DR Horton Inc - $47.02 and low - $32.39.
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Trend

DR Horton Inc is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend you can expect DR Horton Inc with 90% probability to be traded between $41.92 and $46.44 at the end of this period with 90% probability. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the roof. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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Signals

DR Horton Inc holds buy signals from both short- and long-term moving averages. In addition, 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 $44.90 and $44.47. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Friday July 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Relative Strength Index (RSI)

RSImin/max Values: [ 25 - 75 ]

RSI14 is 73 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 behavior.

Support & Resistance

DR Horton Inc finds support from accumulated volume at $44.45.

Support: $44.45 Price: $45.20 Resistance: $45.66

Risk

This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved $0.90 (1.99%) between high and low. For the last week, the stock has had a daily average volatility of 2.03%.

Our recommended stoploss: $43.38 (-4.03%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 3 days ago.)

2.03 %

Average volatility

Overall risk:

Very Low Low Medium High Very High

Hold/Accumulate Downgraded

Evaluation

DR Horton Inc holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development.

Previous Hold Today DHI ranks #1766 as HOLD CANDIDATE #1766 Next Hold

Will DHI stock price go up or down on Fri, 19 Jul 2019?

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