DR Horton Inc

DHI is consolidating in a neutral distribution phase (Stage 3) near mid-range with flat, intertwined EMAs and no clear momentum signals. The medium-term bias remains bearish from prior declines, with no decisive upside invalidation. Short-term timing offers no edge, so execution is deferred—planning to trim into rallies toward the upper consolidation zone near the 50- and 200-day moving average region.

• ↑Q3 revenue held at $9.2 B YoY; home closings up 4%
• ↑Executed $3.9 B buyback (27.5 M shares) bolstering share support
• ↓Net margin compressed to 9.2% vs. 11.5% YoY; gross margin down to 20.7%