(DHI) Long Term Investment Analysis

February 06, 2024, 09:38 am ET, BY Rick W.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Longer Term Trading Plans for DHI

• Buy DHI slightly over 141.68 target 155.79 stop loss @ 141.27 Details

The technical summary data tells us to buy DHI near 141.68 with an upside target of 155.79. This data also tells us to set a stop loss @ 141.27 to protect against excessive loss in case the stock begins to move against the trade. 141.68 is the first level of support below 144.765 , and by rule, any test of support is a buy signal. In this case, support 141.68 is being tested, a buy signal would exist.

• Short DHI slightly under 155.79, target 141.68, stop loss @ 156.24 Details

The technical summary data is suggesting a short of DHI as it gets near 155.79 with a downside target of 141.68. We should have a stop loss in place at 156.24though. 155.79 is the first level of resistance above 144.765, and by rule, any test of resistance is a short signal. In this case, if resistance 155.79 is being tested, a short signal would exist.

Swing Trading Plans for DHI

• Buy DHI slightly over 147.17, target 155.79, Stop Loss @ 146.74 Details

If 147.17 begins to break higher, the technical summary data tells us to buy DHI just slightly over 147.17, with an upside target of 155.79. The data also tells us to set a stop loss @ 146.74 in case the stock turns against the trade. 147.17 is the first level of resistance above 144.765, and by rule, any break above resistance is a buy signal. In this case, 147.17, 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 147.17, target 141.68, Stop Loss @ 147.6. Details

The technical summary data is suggesting a short of DHI if it tests 147.17 with a downside target of 141.68. We should have a stop loss in place at 147.6 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, 147.17, 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 145.02, target 147.17, Stop Loss @ 144.68 Details

If 145.02 begins to break higher, the technical summary data tells us to buy DHI just slightly over 145.02, with an upside target of 147.17. The data also tells us to set a stop loss @ 144.68 in case the stock turns against the trade. 145.02 is the first level of resistance above 144.765, and by rule, any break above resistance is a buy signal. In this case, 145.02, 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 145.02, target 141.68, Stop Loss @ 145.36. Details

The technical summary data is suggesting a short of DHI if it tests 145.02 with a downside target of 141.68. We should have a stop loss in place at 145.36 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, 145.02, 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 February 06:

Term →	Near	Mid	Long
Rating	Strong	Weak	Strong
P1	0	0	127.5
P2	145.02	136.9	141.68
P3	147.65	147.17	155.79

AI Generated Signals for DHI

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Technically, D.r. Horton Inc. (NYSE: DHI) provides opportunities for traders who are watching the price of the stock oscillate over time.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for DHI change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if DHI is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for DHI too.  All of these are offered below the Summary Table.