When the Price of Dr Horton $DHI Talks, People Listen
February 25, 2023, 19:30 pm ET, BY Tom S.- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for DHI
- Buy DHI slightly over 86.48 target 97.09 stop loss @ 86.23 Details
The technical summary data tells us to buy DHI near 86.48 with an upside target of 97.09. This data also tells us to set a stop loss @ 86.23 to protect against excessive loss in case the stock begins to move against the trade. 86.48 is the first level of support below 91.16 , and by rule, any test of support is a buy signal. In this case, support 86.48 is being tested, a buy signal would exist.
- Short DHI slightly under 97.09, target 86.48, stop loss @ 97.37 Details
The technical summary data is suggesting a short of DHI as it gets near 97.09 with a downside target of 86.48. We should have a stop loss in place at 97.37though. 97.09 is the first level of resistance above 91.16, and by rule, any test of resistance is a short signal. In this case, if resistance 97.09 is being tested, a short signal would exist.
Swing Trading Plans for DHI
- Buy DHI slightly over 95.32, target 97.09, Stop Loss @ 95.04 Details
If 95.32 begins to break higher, the technical summary data tells us to buy DHI just slightly over 95.32, with an upside target of 97.09. The data also tells us to set a stop loss @ 95.04 in case the stock turns against the trade. 95.32 is the first level of resistance above 91.16, and by rule, any break above resistance is a buy signal. In this case, 95.32, 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 95.32, target 90.28, Stop Loss @ 95.6. Details
The technical summary data is suggesting a short of DHI if it tests 95.32 with a downside target of 90.28. We should have a stop loss in place at 95.6 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, 95.32, 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 95.32, target 97.09, Stop Loss @ 95.1 Details
If 95.32 begins to break higher, the technical summary data tells us to buy DHI just slightly over 95.32, with an upside target of 97.09. The data also tells us to set a stop loss @ 95.1 in case the stock turns against the trade. 95.32 is the first level of resistance above 91.16, and by rule, any break above resistance is a buy signal. In this case, 95.32, 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 95.32, target 90.55, Stop Loss @ 95.54. Details
The technical summary data is suggesting a short of DHI if it tests 95.32 with a downside target of 90.55. We should have a stop loss in place at 95.54 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, 95.32, 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 February 25:
| Term → | Near |
Mid |
Long |
|---|
| Rating |
Weak |
Neutral |
Strong |
| P1 |
0 |
0 |
75.79 |
| P2 |
87.23 |
90.28 |
86.48 |
| P3 |
90.55 |
95.32 |
97.09 |
AI Generated Signals for DHI
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Dr Horton (NYSE: DHI) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for DHI can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for DHI:
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