Home Depot Inc. (HD) bearish scenario:The technical figure Triangle can be found in the US company The Home Depot, Inc. (HD) at daily chart. The Home Depot, Inc., commonly known as Home Depot, is the largest home improvement retailer in the United States, supplying tools, construction products, and services. The Triangle has broken through the support line on 08/01/2022, if the price holds below this level you can have a possible bearish price movement with a forecast for the next 21 days towards 364.00 USD. Your stop loss order according to experts should be placed at 371.24 USD if you decide to enter this position.
Wall Street will be looking for positivity from Home Depot as it approaches its next earnings report date. This is expected to be February 22, 2022. In that report, analysts expect Home Depot to post earnings of $3.22 per share. This would mark year-over-year growth of 17.52%. Meanwhile, our latest consensus estimate is calling for revenue of $34.68 billion, up 7.49% from the prior-year quarter.
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