Homedepot
HD Near All-Time High ResistanceHD recently ran up on Buyback action, and it has stalled below the previous All-Time High. There is Dark Pool Quiet Rotation™ in the price action at this level.
Why are we on our way down? #HOME DEPOT#HDAs you can see in the graph above, we have Head And Shoulders Pattern, in one sentence which indication gives us? a head and shoulders pattern describing a specific chart formation that predicts a bullish-to-bearish trend reversal.
For this reason, we recommend a sell signal with a target of 170.
a) 1985 - presentPatterns observed in various homebuilder stocks, not limited to Home Depot, run concurrent with anticipated cyclical moves in US and International housing markets. A move down to the solid black trendline, within 2 years, would validate our overall macro view.
HD BUY (HOME DEPOT, INC)Hi there. Price is forming a continuation pattern to the upside. Wait for the price to hit the bottom of the pattern and watch strong price action for buy.
$HD could see more bounce or test lowerThis one looks like it wants $64 but could bounce higher before. Keep earnings in mind.
Home Depot BreakoutHome Depot might break out if it makes it past the first yellow line. It will easily breakout to $203 if it passes the second yellow line***. I'm banking on HD making it to $225 within a month.
These estimates based on the C&H, H&S, and Historic floor/ceiling.
Cup & Handle VS Head & ShouldersDefinitely Head and Shoulders. I'm super new at this, if you see a way I can improve my chart please comment.
The stock will likely hit support levels from APR to MAY.
Home Depot (HD) BullishI am not licensed or certified by any individual or institution to give financial advice. I am not a professional Stock trader.
I am calling Home Depot (HD) Bullish. I know this chart may seem cluttered, but there are several bullish indicators I see so please bear with me....or bull with me...or...never mind. Anyway, let's first look at the solid purple line. That is an Up Trending Support line. I have marked different places with green arrows and numbered them. If you look at green arrows number one and two along the purple Support line, and then find their corresponding numbered arrows above (look more toward the middle of the chart) there is a fifteen dollar ish ($15 ish) increase when it bounces off the purple support. Using that as a historic standard I have also drawn green arrow #3 at a bounce off purple support and a possible target for future Resistance, and drawn a purple dotted line to give a better target visual. However, it will need to clear the Resistance from January 26 & 29, 2018 (orange dotted line) to make it to that target.
That is the up trend. The Cup and Handle is another possibility showing bullish movement. The blue dotted line is the most recent edge of the Handle/Resistance (from June 12 & 13, 2018) which HD cleared today (07-19-18); or at least it has as of this publishing. Hopefully it doesn't disappoint. :) The orange solid line shows a previous Handle/Resistance which it cleared and continued up.
Other bullish signs can be called a possible Flag or Stair Stepping movement. That is just because it goes up, and then drops to Support, and then climbs again. The S&P 500 is still in a bullish recovery. See my previously published analysis on that for a visual example.
Any questions or further insight, let me know.
Home Depot Inverse Head and ShouldersTechnicals are looking good on this one.. NYSE:HD has room to run if the stock can bounce back to the $191.55 resistance. Stoch is nearing oversold territory and RSI is nearing a short-term trendline that should act as support. Volume dropping as the stock falls hints the bulls will soon come in, however, one must remember that high volume is not needed for a downtrend to continue.
I included a modified Modified Schiff Pitchfork and Fib retracement as HD has historically followed both quite closely.
Wait for a move to $191 or above before considering entry, I'd put a stop loss between $181 and $182.
Bullish Breakout on Home Depot & HomebuildersOn Friday's Options Action, the crew analyzed the performance of the homebuilder's sector. After selling off substantially since Jan, this sector has started to turn bullish again just this week. Looking for a bounce higher, HD is the large-cap name in this sector that would attract institutional investors. Coupled with cheap fundamental valuations and bounce off a bullish trendline, HD has upside to run. Expecting HD to trade higher, Michael Khouw suggests buying a July 200 Call for a $3.25 Debit. As of Friday's close, this option is trading at $3.60.
We've structured this trade in OptionsPlay so you can analyze and view this trade along with the supporting technical chart at your convenience.
View this OptionsPlay on HD - app.optionsplay.com
Here's the signal I was waiting for on #HD #stocks #tradingNeat break of the falling wedge on #HD, more upside move to come! A retest of previous highs is likely.
Tech Trade LOW on Positive Sentiment & Momentum ($90 PT)Lowes got way, way ahead of itself during the lofty valuation period of January this year. Now that it's fallen under the lowest part of the long, historical trend, it's an easy pickup as it can move up and back over its trend lines. $86.38 is a technical, average line that helps to identify point of accumulation, but only for the short sighted understanding of LOW as a stock. Above $90 is a clear sell line, but if you want to ride momentum and the sector up on whatever reason, $92 and in between is not unreasonable. Do NOT take this stock long hoping for the days of $105+. While Lowes does have some good initiatives with being Smart Home friendly and educational, we are currently not in a period where people are rushing out for home supplies because of proactive home projects, preventative maintenance (hurricanes) or rebuilding.
Make some quick cash off LOW and bow out after. Let it stabilize and find its legs again against its trends lines and then decide if the narrative makes sense moving forward long term. The spikes are there, momentum will make them greater.
Home Depot Inc.In this boring Sunday, a provocation on Home Depot.
The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity and good cash flow from operations.
However there is an aspect that caught my attention, Home Depot has very weak liquidity. Currently, the Quick Ratio is 0.38 which clearly shows a lack of ability to cover short-term cash needs.
The stockholders' equity in 4Q has significantly decreased by 67% from the same quarter last year. The key liquidity measurements indicate that the company is in a position in which financial difficulties could develop shortly.
It occurred immediately to me they have to pay $27 million to settle allegations in California that the retailer illegally disposed of hazardous waste and tossed customer records without first rendering personal information unreadable.
$27 million is nothing for Home Depot, assuming they are the only to pay...
Home Depot (HD)Seems overbought. Waiting for it to retrace back to support (181.00). Then watching to see if it falls below or moves sideways or bounces. Also, expecting it to come back to the 200 moving average and bounce at which point I would consider entering. At this point, I will make a buying decision.
Home Depot shortHarvey had hit the United States hard, causing serious damage. Now Irma stands almost on the doorstep and could put another one on it. But if Irma Florida should still miss, the damage should not be as high as currently expected in many places.
HD increased strongly and opened an up gap after another. But the momentum and dynamic have been weakening and a nice doji was build yesterday. Here you could think about a short trade. The stop loss can be set at the high of the doji candle, the take profit could be at 152, which creates a very good risk-reward-ratio.
HD HomeDepot - Will we bounce or see further pain aheadIs this a Home Depot ( HD ) opportunity or trap for further pain to the downside? We clearly see a past resistance around the current levels of $150 that could turn into future support and help us find buyers there, but breaking $150 would open the door to the $144 and even lower. But with a dividend yield of 2.36%, hey we might attract some buyers down at this levels. I will keep you posted, safe trading everyone!
#daytraderforlife
HOME DEPOT - BEAUTIFUL SHORT PLAY IN THE MAKINGWeekly chart showing a nice shooting star followed by a clear bearish engulfing pattern. Bearish pressure is mounting.
Looking for a correction into the 200 DMA and 140$ demand zone.
Blessings to you all.
