Learn to Evaluate (DHI) using the Charts

September 27, 2024, 10:50 am ET, BY Scott B.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DHI

• Buy DHI near 179.44 target 197.73 stop loss @ 178.92 Details

The technical summary data tells us to buy DHI near 179.44 with an upside target of 197.73. This data also tells us to set a stop loss @ 178.92 to protect against excessive loss in case the stock begins to move against the trade. 179.44 is the first level of support below 191.31 , and by rule, any test of support is a buy signal. In this case, support 179.44 is being tested, a buy signal would exist.

• Short DHI slightly under 197.73, target 179.44, stop loss @ 198.3 Details

The technical summary data is suggesting a short of DHI as it gets near 197.73 with a downside target of 179.44. We should have a stop loss in place at 198.3though. 197.73 is the first level of resistance above 191.31, and by rule, any test of resistance is a short signal. In this case, if resistance 197.73 is being tested, a short signal would exist.

Swing Trading Plans for DHI

• Buy DHI slightly over 195.87, target 197.73, Stop Loss @ 195.3 Details

If 195.87 begins to break higher, the technical summary data tells us to buy DHI just slightly over 195.87, with an upside target of 197.73. The data also tells us to set a stop loss @ 195.3 in case the stock turns against the trade. 195.87 is the first level of resistance above 191.31, and by rule, any break above resistance is a buy signal. In this case, 195.87, 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 195.87, target 187.64, Stop Loss @ 196.44. Details

The technical summary data is suggesting a short of DHI if it tests 195.87 with a downside target of 187.64. We should have a stop loss in place at 196.44 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, 195.87, 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 195.87, target 197.73, Stop Loss @ 195.41 Details

If 195.87 begins to break higher, the technical summary data tells us to buy DHI just slightly over 195.87, with an upside target of 197.73. The data also tells us to set a stop loss @ 195.41 in case the stock turns against the trade. 195.87 is the first level of resistance above 191.31, and by rule, any break above resistance is a buy signal. In this case, 195.87, 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 195.87, target 188.1, Stop Loss @ 196.33. Details

The technical summary data is suggesting a short of DHI if it tests 195.87 with a downside target of 188.1. We should have a stop loss in place at 196.33 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, 195.87, 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 September 27:

Term →	Near	Mid	Long
Rating	Weak	Strong	Strong
P1	0	0	160.85
P2	185.7	187.64	179.44
P3	188.1	195.87	197.73

AI Generated Signals for DHI

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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.