The Fundamental Case for Dr Horton #DHI Using a Price Based Model


Traditionally #WallStreet has used #fundamentalanalysis to make #investmentdecisions in #stocks like Dr Horton (NYSE: DHI) but sometimes the most revealing aspect of the fundamental health of a company can be found through an observation of its price action.  Price action was used to produce the raw data below for DHI and it can be used as an example of how to use price action to define fundamental opportunity.  This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports

Source: Stock Traders Daily

Review the DHI Trading Plans:

Technical Summary

Term →Near Mid Long
Bias Strong Strong Strong
P1 0 0 80.43
P2 98.35 99.18 88.49
P3 100.33 103.98 96.29

Long Term Trading Plans for DHI

May 4, 2021, 10:15 am ET

The Technical Summary and Trading Plans for DHI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHI Report.

DHI - (Long) Support Plan

The technical summary data tells us to buy DHI near 96.29, but there is no current upside target from the summary table. In this case we should wait until either an update to the summary table has been made (which usually happens at the beginning of every trading day), or until the position has been stopped. The data does tell us to set a stop loss 96.01 to protect against excessive loss in case the stock begins to move against the trade. 96.29 is the first level of support below 100.85, and by rule, any test of support is a buy signal. In this case, if support 96.29 is being tested, a buy signal would exist.

DHI - (Short) Resistance Plan

NONE .
There are no current resistance levels from the summary table, and therefore there are no Short resistance Plans which tell us to short upon tests of resistance. Resistance levels have broken higher and unless the stock reverses lower and below support levels again short positions look risky.


DHI Long Term Analysis for May 4 2021

Swing Trading Plans for DHI

May 4, 2021, 10:15 am ET

The Technical Summary and Trading Plans for DHI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHI Report.

DHI - (Long) Support Plan

If 103.98 begins to break higher, the technical summary data tells us to buy DHI just over 103.98, with an upside target of n/a. The data also tells us to set a stop loss @ 103.68 in case the stock turns against the trade. 103.98 is the first level of resistance above 100.85, and by rule, any break above resistance is a buy signal. In this case, 103.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

DHI - (Short) Resistance Plan

The technical summary data is suggesting a short of DHI if it tests 103.98 with a downside target of 99.18. We should have a stop loss in place at 104.28 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


DHI Swing Trading Analysis for May 4 2021

Day Trading Plans for DHI

May 4, 2021, 10:15 am ET

The Technical Summary and Trading Plans for DHI help you determine where to buy, sell, and set risk controls. The data is best used in conjunction with our Market Analysis and Stock Correlation Filters too, because those help us go with the flow of the market as well. Going with the flow is extremely important, so review our Market Analysis with this DHI Report.

DHI - (Long) Support Plan

If 103.98 begins to break higher, the technical summary data tells us to buy DHI just over 103.98, with an upside target of n/a. The data also tells us to set a stop loss @ 103.74 in case the stock turns against the trade. 103.98 is the first level of resistance above 100.85, and by rule, any break above resistance is a buy signal. In this case, 103.98, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

DHI - (Short) Resistance Plan

The technical summary data is suggesting a short of DHI if it tests 103.98 with a downside target of 100.33. We should have a stop loss in place at 104.22 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 103.98, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.


DHI Day Trading Analysis for May 4 2021


DHI EPS Analysis for May 4 2021

DHI Dividend Chart for May 4 2021

DHI Revenue chart for May 4 2021

DHI Growth rate - Quarterly for May 4 2021

DHI Growth rate - Yearly for May 4 2021

DHI PE chart for May 4 2021

DHI PEG chart for May 4 2021