How the price action of Dr Horton ($DHI) is used to our Advantage
November 13, 2023, 00:00 am ET, BY Joseph H.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DHI
- Buy DHI slightly over 121.25 target 133.49 stop loss @ 120.9 Details
The technical summary data tells us to buy DHI near 121.25 with an upside target of 133.49. This data also tells us to set a stop loss @ 120.9 to protect against excessive loss in case the stock begins to move against the trade. 121.25 is the first level of support below 122.7 , and by rule, any test of support is a buy signal. In this case, support 121.25 is being tested, a buy signal would exist.
- Short DHI slightly under 133.49, target 121.25, stop loss @ 133.88 Details
The technical summary data is suggesting a short of DHI as it gets near 133.49 with a downside target of 121.25. We should have a stop loss in place at 133.88though. 133.49 is the first level of resistance above 122.7, and by rule, any test of resistance is a short signal. In this case, if resistance 133.49 is being tested, a short signal would exist.
Swing Trading Plans for DHI
- Buy DHI slightly over 129.19, target n/a, Stop Loss @ 128.82 Details
If 129.19 begins to break higher, the technical summary data tells us to buy DHI just slightly over 129.19, with an upside target of n/a. The data also tells us to set a stop loss @ 128.82 in case the stock turns against the trade. 129.19 is the first level of resistance above 122.7, and by rule, any break above resistance is a buy signal. In this case, 129.19, 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 129.19, target 121.25, Stop Loss @ 129.56. Details
The technical summary data is suggesting a short of DHI if it tests 129.19 with a downside target of 121.25. We should have a stop loss in place at 129.56 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, 129.19, 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 124.79, target 129.19, Stop Loss @ 124.5 Details
If 124.79 begins to break higher, the technical summary data tells us to buy DHI just slightly over 124.79, with an upside target of 129.19. The data also tells us to set a stop loss @ 124.5 in case the stock turns against the trade. 124.79 is the first level of resistance above 122.7, and by rule, any break above resistance is a buy signal. In this case, 124.79, 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 124.79, target 122.18, Stop Loss @ 125.08. Details
The technical summary data is suggesting a short of DHI if it tests 124.79 with a downside target of 122.18. We should have a stop loss in place at 125.08 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, 124.79, 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 Dr Horton (DHI) available here: DHI.
DHI Ratings for November 13:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Strong |
Strong |
Strong |
| P1 |
0 |
0 |
109.40 |
| P2 |
122.18 |
129.19 |
121.25 |
| P3 |
124.79 |
|
133.49 |
AI Generated Signals for DHI
Blue = Current Price
Red= Resistance
Green = Support
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Our job as #investors is to pay attention to the #stocks we own. Part of that involves looking at the #fundamentals, but half of the disclosure comes from looking at price action. The Dr Horton (NYSE: DHI) data table below can help you with price action, and we have more details too. Trading plans for DHI are shown here too; these plans are updated in real time for subscribers, where this report is static. If you want an update, or a report on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DHI:
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