DR Horton Inc

DHI is in a Stage 4 decline with sequential lower highs and lower lows. A Bearish Pivot Point pattern confirms failed upside control and structural repair to the downside. Price is trading below declining 9, 20, and 50-day moving averages and is being rejected at these levels, implying further downward bias. Medium-term bias is bearish, and short-term conditions favor execution now. Sell now on any rallies into the EMA confluence.

• ↑21st Century ROAD to Housing Act cuts costs, boosting demand; shares rallied 6.9%.
• ↑Q2 2026 delivered 11.5% pre-tax margin on $7.6B revenue, topping guidance.
• ↓Affordability constraints kept net sales orders below expectations in Q2.