D.R. Horton, Inc. (DHI) stock declined in its latest intraday trading, as it undergoes profit-taking from prior gains while attempting to gather positive momentum that may support recovery and renewed rise. At the same time, the stock is working to unwind part of its clear overbought levels in the Stochastic indicators, especially with negative signals beginning to appear. Positive pressure continues from trading above its previous 50-day SMA, while movements along a minor corrective upward slope line on the short term further support the bullish outlook.

Therefore, we expect the stock to rise in its upcoming trading, as long as the support level of 166.25 holds, to then target the key resistance level of 195.50.

Todays price forecast: Bullish.