Learn to Evaluate (DHI) using the Charts
May 18, 2024, 04:38 am ET, BY Momei- Contributor, Stock Traders Daily| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DHI
- Buy DHI slightly over 140.56 target 155.59 stop loss @ 140.15 Details
The technical summary data tells us to buy DHI near 140.56 with an upside target of 155.59. This data also tells us to set a stop loss @ 140.15 to protect against excessive loss in case the stock begins to move against the trade. 140.56 is the first level of support below 151.5 , and by rule, any test of support is a buy signal. In this case, support 140.56 would be being tested, so a buy signal would exist.
- Short DHI slightly under 155.59, target 140.56, stop loss @ 156.04 Details
The technical summary data is suggesting a short of DHI as it gets near 155.59 with a downside target of 140.56. We should have a stop loss in place at 156.04though. 155.59 is the first level of resistance above 151.5, and by rule, any test of resistance is a short signal. In this case, if resistance 155.59 is being tested, so a short signal would exist.
Swing Trading Plans for DHI
- Buy DHI slightly over 155.59, target 156.23, Stop Loss @ 155.14 Details
If 155.59 begins to break higher, the technical summary data tells us to buy DHI just slightly over 155.59, with an upside target of 156.23. The data also tells us to set a stop loss @ 155.14 in case the stock turns against the trade. 155.59 is the first level of resistance above 151.5, and by rule, any break above resistance is a buy signal. In this case, 155.59, 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 155.59, target 150.1, Stop Loss @ 156.04. Details
The technical summary data is suggesting a short of DHI if it tests 155.59 with a downside target of 150.1. We should have a stop loss in place at 156.04 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, 155.59, 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 151.58, target 155.59, Stop Loss @ 151.23 Details
If 151.58 begins to break higher, the technical summary data tells us to buy DHI just slightly over 151.58, with an upside target of 155.59. The data also tells us to set a stop loss @ 151.23 in case the stock turns against the trade. 151.58 is the first level of resistance above 151.5, and by rule, any break above resistance is a buy signal. In this case, 151.58, 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 151.58, target 150.1, Stop Loss @ 151.93. Details
The technical summary data is suggesting a short of DHI if it tests 151.58 with a downside target of 150.1. We should have a stop loss in place at 151.93 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, 151.58, 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 May 18:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
140.56 |
| P2 |
151.58 |
150.1 |
155.59 |
| P3 |
156.8 |
156.23 |
170.71 |
AI Generated Signals for DHI
Blue = Current Price
Red= Resistance
Green = Support
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When #institutionalinvestors make decisions to buy and sell #stocks they normally want to keep it quiet. However, if we pay close attention we can see what is going on, and make good decisions.. The D.r. Horton Inc. (NYSE: DHI) report below can help you understand how to do this. The trading plans for DHI, are updated in real time for subscribers, but this report is static. If you want an update, or a different report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DHI:
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