DR Horton Technical Analysis (NYSE:DHI)
Technical chart patterns are studied in depth by people who strongly believe in technical analysis. These type of investors who look at trading charts or technical stock charts are usually traders rather than value investors. When a chart pattern that can predict future DR Horton stock price movements is formed, the DHI stock chart can become a key tool for a technical analyst.
See DR Horton bollinger bands, SMA (200 day moving average, 50 day moving average) and exponential moving averages. Technical analysis uses an approach for DR Horton stock analysis that does not care for the fair "value" of a company but uses price and volume data only.
DR Horton Moving Average:
Moving averages show the DHI stock price trend. The two most popular types of moving averages are the Simple Moving Average (SMA) and the Exponential Moving Average (EMA). A key factor that impacts moving averages is the lag factor. The 20 day moving average of $36.52 is below the price of $36.9.
DR Horton Bollinger Bands:
Bollinger bands consist of two price bands above and below a center line for any company stock like DR Horton. The tightening of bands is considered by most traders to be a precursor to sudden increase in volatility. DR Horton bollinger bands show that the stock price is $36.9, upper band is 37.66, lower band is 33.1, and the average is 35.38.
DR Horton Moving Average Convergence Divergence or MACD:
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The DR Horton MACD indicator is above 0 indicating a bullish trend.
DR Horton Relative Strength Index:
The RSI technical indicator is a momentum oscillator. It compares the speed and change in price movements. 56.76 is the RSI value of DHI stock. .