When (DHI) Moves Investors should Listen
January 26, 2024, 16:44 pm ET, BY Quentin W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DHI
- Buy DHI slightly over 138.99 target 153.31 stop loss @ 138.59 Details
The technical summary data tells us to buy DHI near 138.99 with an upside target of 153.31. This data also tells us to set a stop loss @ 138.59 to protect against excessive loss in case the stock begins to move against the trade. 138.99 is the first level of support below 140.5 , and by rule, any test of support is a buy signal. In this case, support 138.99 is being tested, a buy signal would exist.
- Short DHI slightly under 153.31, target 138.99, stop loss @ 153.75 Details
The technical summary data is suggesting a short of DHI as it gets near 153.31 with a downside target of 138.99. We should have a stop loss in place at 153.75though. 153.31 is the first level of resistance above 140.5, and by rule, any test of resistance is a short signal. In this case, if resistance 153.31 is being tested, a short signal would exist.
Swing Trading Plans for DHI
- Buy DHI slightly over 148.83, target 153.31, Stop Loss @ 148.4 Details
If 148.83 begins to break higher, the technical summary data tells us to buy DHI just slightly over 148.83, with an upside target of 153.31. The data also tells us to set a stop loss @ 148.4 in case the stock turns against the trade. 148.83 is the first level of resistance above 140.5, and by rule, any break above resistance is a buy signal. In this case, 148.83, 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.
- Short DHI slightly near 148.83, target 139.91, Stop Loss @ 149.26. Details
The technical summary data is suggesting a short of DHI if it tests 148.83 with a downside target of 139.91. We should have a stop loss in place at 149.26 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, 148.83, 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.
Day Trading Plans for DHI
- Buy DHI slightly over 140.71, target 148.83, Stop Loss @ 140.38 Details
If 140.71 begins to break higher, the technical summary data tells us to buy DHI just slightly over 140.71, with an upside target of 148.83. The data also tells us to set a stop loss @ 140.38 in case the stock turns against the trade. 140.71 is the first level of resistance above 140.5, and by rule, any break above resistance is a buy signal. In this case, 140.71, 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.
- Short DHI slightly near 140.71, target 139.91, Stop Loss @ 141.04. Details
The technical summary data is suggesting a short of DHI if it tests 140.71 with a downside target of 139.91. We should have a stop loss in place at 141.04 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, 140.71, 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.
Check the time stamp on this data. Updated AI-Generated Signals for D.r. Horton Inc. (DHI) available here: DHI.
DHI Ratings for January 26:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
124.66 |
| P2 |
133.24 |
139.91 |
138.99 |
| P3 |
140.71 |
148.83 |
153.31 |
AI Generated Signals for DHI
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The D.r. Horton Inc. (NYSE: DHI) report below is a real world example. Included are trading plans for DHI, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DHI:
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