Dr Horton DHI Trading Report

December 06, 2021, 10:45 am ET, BY Christie- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)

Technically, Dr Horton (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.

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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.

Longer Term Trading Plans for DHI

• Buy DHI slightly over 97.61 target 106.76 stop loss @ 97.33 Details

The technical summary data tells us to buy DHI near 97.61 with an upside target of 106.76. This data also tells us to set a stop loss @ 97.33 to protect against excessive loss in case the stock begins to move against the trade. 97.61 is the first level of support below 105 , and by rule, any test of support is a buy signal. In this case, support 97.61 is being tested, a buy signal would exist.

• Short DHI under 106.76, target 97.61, stop loss @ 107.07 Details

The technical summary data is suggesting a short of DHI as it gets near 106.76 with a downside target of 97.61. We should have a stop loss in place at 107.07though. 106.76 is the first level of resistance above 105, and by rule, any test of resistance is a short signal. In this case, if resistance 106.76 is being tested, a short signal would exist.

Swing Trading Plans for DHI

• Buy DHI slightly over 106.76, target n/a, Stop Loss @ 106.45 Details

If 106.76 begins to break higher, the technical summary data tells us to buy DHI just slightly over 106.76, with an upside target of n/a. The data also tells us to set a stop loss @ 106.45 in case the stock turns against the trade. 106.76 is the first level of resistance above 105, and by rule, any break above resistance is a buy signal. In this case, 106.76, 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 near 106.76, target 101.94, Stop Loss @ 107.07. Details

The technical summary data is suggesting a short of DHI if it tests 106.76 with a downside target of 101.94. We should have a stop loss in place at 107.07 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, 106.76, 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 106.76, target n/a, Stop Loss @ 106.51 Details

If 106.76 begins to break higher, the technical summary data tells us to buy DHI just slightly over 106.76, with an upside target of n/a. The data also tells us to set a stop loss @ 106.51 in case the stock turns against the trade. 106.76 is the first level of resistance above 105, and by rule, any break above resistance is a buy signal. In this case, 106.76, 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 near 106.76, target 103.83, Stop Loss @ 107.01. Details

The technical summary data is suggesting a short of DHI if it tests 106.76 with a downside target of 103.83. We should have a stop loss in place at 107.01 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, 106.76, 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.

DHI Ratings for December 06:

Term →	Near	Mid	Long
Rating	Neutral	Strong	Strong
P1	0	0	89.08
P2	101.21	97.87	97.61
P3	103.83	101.94	106.76

Support and Resistance Plot Chart for DHI

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