D.R. HORTON INC.

- USD (-)

- 15 min delayed data - NYSE Stocks

Open:	-
Change:	-
Volume:	-

Low:	-
High:	-
High / Low range:	-

Type:	Stocks
Ticker:	DHI
ISIN:

D.R. HORTON INC. - 1H - Technical analysis published on 08/21/2024 (GMT)

Londinia

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Timeframe : 1H
- Analysis generated on
Status : TARGET REACHED

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 180.14 USD

My targets

189.20 USD (+2.11%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on D.R. HORTON INC. as long as the price remains well above 180.14 USD. The buyers' bullish objective is set at 189.20 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

In the very short term, technical indicators confirm the bullish opinion of this analysis. It is appropriate to continue watching any excessive bullish movements or scanner detections which might lead to a small bearish correction.

Force

8.8

Comment on the analysis

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

This analysis was given by Londinia. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

D.R. HORTON INC. rating 185.30 USD. The price has increased by +3.17% since the last closing with the lowest point at 181.93 USD and the highest point at 186.43 USD. The deviation from the price is +1.85% for the low point and -0.61% for the high point.

181.93

186.43

185.30

So that you have an overall view of the price change, here is a table showing the variations over several periods:

The Central Records scanner, which identifies the highest / lowest, has detected several elements:

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this 1H chart of D.R. HORTON INC. indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. This strongly bullish trend is supported by the strong bullish signals given by short-term moving averages. The Central Indicators market scanner is currently detecting a bullish signal that could impact this trend:

Bullish trend reversal : Moving Average 100

Type : Bullish

Timeframe : 1 hour

The probability of a further increase is high given the direction of the technical indicators.
Caution: the Central Indicators scanner currently detects an excess:

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 1 hour

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 1 hour

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 1 hour

Central Indicators, the detector scanner for these technical indicators has recently detected several signals:

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : 1 hour

Pivot points : price is over resistance 2

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Resistance of channel is broken

Type : Bullish

Timeframe : 1 hour

Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Bullish engulfing lines

Type : Bullish

Timeframe : 1 hour

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	176.97	180.14	185.12	185.30
Change (%)	-4.50%	-2.78%	-0.10%	-
Change	-8.33	-5.16	-0.18	-
Level	Major	Major	Intermediate	-

To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	172.78	175.89	177.75	180.86	182.72	185.83	187.69
Camarilla	178.24	178.70	179.15	179.61	180.07	180.52	180.98
Woodie	172.16	175.58	177.13	180.55	182.10	185.52	187.07
Fibonacci	175.89	177.79	178.96	180.86	182.76	183.93	185.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	164.54	167.51	172.76	175.73	180.98	183.95	189.20
Camarilla	175.76	176.51	177.27	178.02	178.77	179.53	180.28
Woodie	165.69	168.08	173.91	176.30	182.13	184.52	190.35
Fibonacci	167.51	170.65	172.59	175.73	178.87	180.81	183.95

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	94.26	113.53	146.58	165.85	198.90	218.17	251.22
Camarilla	165.24	170.04	174.83	179.63	184.43	189.22	194.02
Woodie	101.15	116.98	153.47	169.30	205.79	221.62	258.11
Fibonacci	113.53	133.52	145.86	165.85	185.84	198.18	218.17

Numerical data

The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators

Moving averages

RSI (14):	70.59
MACD (12,26,9):	1.8000
Directional Movement:	30.26
AROON (14):	21.42
DEMA (21):	182.92
Parabolic SAR (0,02-0,02-0,2):	179.29
Elder Ray (13):	3.36
Super Trend (3,10):	179.45
Zig ZAG (10):	185.26
VORTEX (21):	1.1600
Stochastique (14,3,5):	80.68
TEMA (21):	183.69
Williams %R (14):	-13.46
Chande Momentum Oscillator (20):	4.46
Repulse (5,40,3):	0.9100
ROCnROLL:	1
TRIX (15,9):	0.1200
Courbe Coppock:	3.34

MA7:	178.41
MA20:	176.34
MA50:	159.30
MA100:	153.58
MAexp7:	182.81
MAexp20:	180.65
MAexp50:	178.21
MAexp100:	175.77
Price / MA7:	+3.86%
Price / MA20:	+5.08%
Price / MA50:	+16.32%
Price / MA100:	+20.65%
Price / MAexp7:	+1.36%
Price / MAexp20:	+2.57%
Price / MAexp50:	+3.98%
Price / MAexp100:	+5.42%

Quotes : - 15 min delayed data - NYSE Stocks

News

The last news published on D.R. HORTON INC. at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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