DR Horton Technical Analysis (NYSE:DHI)
Technical analysis is based on the study of past price and volume movements of a security with the help of technical stock charts or trading charts. The DR Horton stock price data and volume are plotted in DHI stock charts and these trading charts form the basis of technical analysis.
You can view Simple Moving Average - SMA 20 day, 50 day & 100 day, Exponential Moving Average - EMA 20 day, 50 day & 100 day charts, and Bollinger Bands for DR Horton. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of DR Horton stock analysis.
DR Horton Moving Average
Moving averages help predict the price direction of DHI stock based on certain triggers, but with a lag, and form building blocks for other technical indicators like the MACD and bollinger bands. A key factor that impacts moving averages is the lag factor. The 20 day moving average of $47.46 is above the price of $45.57.
DR Horton Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the DHI stock. Currently the stock price of $45.57 is in the lower range of DR Horton bollinger bands.
DR Horton Moving Average Convergence Divergence or MACD
Two important concepts with respect to moving average convergence divergence or MACD are: crossovers and divergence. When the MACD rises above the signal line, it typically indicates a bullish trend and most likely the stock prices will go up. The DR Horton MACD line is above the signal line.
DR Horton Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of DHI stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.