D.R. Horton, Inc (DHI) stock advanced slightly in its latest intraday trading, supported by a prevailing short-term corrective uptrend and movement along an ascending trendline. Positive momentum continues as the stock remains above its 50-day SMA. Additionally, the Relative Strength Index has reached extremely oversold territory compared to price action, suggesting the formation of a potential bullish divergence that could reinforce upward pressure.

Therefore we expect the stock to rise in upcoming trading sessions, as long as support at $128.35 holds, targeting the resistance level of $153.00.

Todays price forecast: Bullish.