Descending Triangle Earnings miss.
Triangles are neutral until cleanly broken.
Price is hovering at the support line and the 50% level of the trend up. Price dipped below the support line earlier this am.
No recommendation/Candle of indecision.
HD trade ideas
Home DepotHome Depot. Note, the left hand side ascent from penny stock to mature stock looks very much like #bitcoin. Log advances need rests along the way. sometimes long rests.
Home Depot in no man's land, losing important upwards momentum.
Follow the charts, not the head lines click bait news stories.
#homedepot
Weak Trend Line and Bearish MACD Gap Indicate Potential ReversalNYSE:HD has profitable for the past five years, with earnings per share (EPS) growing at an average rate of 17.67%. The company also pays a dividend, which has been growing at an average rate of 16.37%. The company's valuation metrics are also relatively healthy, with a price-to-earnings ratio (P/E) of 17.355 and a price-to-book ratio of 205.99.
However, there are a few areas of concern. First, the company's debt-to-equity ratio is high, at 96.411%. This means that the company is relying heavily on debt to finance its operations. Second, the company's inventory turnover ratio is low, at 4.4343. This means that the company is taking longer to sell its inventory than it should.
The technical indicators are showing some intriguing signs the chart. A weak trend line on the buy signal combined with a hidden divergence suggests consolidation or choppy market conditions. Furthermore, a gap in the MACD histogram could be signaling a potential bearish reversal.
The weak trend line on the buy signal suggests a lack of strong bullish momentum. This, coupled with the hidden divergence, could be indicating a phase of consolidation or choppy market conditions. During such periods, the market often moves sideways within a range, making it difficult for trend-based strategies to generate profits.
The gap in the MACD histogram is another crucial factor to consider. Such gaps often precede reversals, indicating that the bears could be about to take control. This could be an excellent opportunity for traders looking to short sell or buy put options.
The key levels to watch are:
- Support at 287: This is where we can expect buying pressure to emerge. If the price drops to this level and then bounces, it could be a buying opportunity for short-term traders.
- Resistance at 291.3: This is where we can expect selling pressure. If the price rises to this level and then starts to fall, it could be an opportunity for short selling or buying put options.
In conclusion, the current chart presents a mixed outlook with indications of potential bearish reversal. Im looking to enter a short position if it breaks through the support line.
Home Depot earnings tomorrow!Home Depot reports earnings tomorrow. This could be telling for retail stocks.
If HD earnings come in negative this would drag XRT down and likely the market leading Home builders.
With the weakness in Lumber, Copper & steel weak earnings could be very likely.
I'm not bearish after HD earning reportAccording Morgan Stanley,
$360 PT represents ~19.5x our 2024e EPS of $18.20, or ~14x our 2024e EBITDA of ~$27.8b. Home improvement sees demand moderation in '23 and growth in '24. In '22/'23/'24 we forecast comps of 3.3%/0.5%/3.5%, GM -10 bps/flat/flat, and +2.7%/+0.5%/+3% SG&A per sq ft growth. This drives ~15 bps of cumulative EBIT margin expansion in 2022-2024, with +5%/flattish/+4% EBIT growth.
Risks to Upside
Housing market accelerates through and beyond COVID-19 disruption
Initiatives gain momentum and drive top line acceleration in 2022/2023
Risks to Downside
A slowdown in the Home Improvement market
More than expected interest rate hikes
Departure of key leadership
$HD Earnings Tuesday Morning Keeping it simple with this one,
HD on the weekly hasn't broken the 200 WMA aside from the covid crash, and is resting there now.
Given this, it serves as a good entry and expect a non-disastrous earnings release and price to pivot higher here - $310 First Target
$HD Bullish DividendThis is one of my favorite dividend stocks, with a yield of 2.68%. Earnings are on Tuesday and it has been trending sideways. It is ready to come back to full valuation soon. It has a price tag of $350 to $400 over the next year, forecasted. Time to build some income into the portfolio.
Home Depot bearish momentum might be shifting Shares in Home Depot, Inc. (symbol ‘HD’) is trading at a loss compared to the opening of 2023 currently sitting on a loss of around 9%. The company is expected to report its earnings for the fiscal quarter ending April 2023 on Tuesday 16th of May, before market open. The consensus EPS is $3,81 compared to the result for the same quarter last year of $4,09.
‘ With the dividend yield almost at 3% and the payout ratio at around 45% the company is an attractive addition to the portfolio of investors, especially long term. The retailing giant is looking financially healthy since the latest current ratio figure on January 2023 at 140% showing that they have the ability to overcome short term turbulence.‘’ said Antreas Themistokleous, an analyst at Exness.
On the technical side the price is trading in an overall bearish momentum with the 50 SMA still well below the 100 SMA while the Stochastic oscillator near the extreme oversold level indicating that a minor correction to the upside might be imminent in the following sessions. The lower band of the Bollinger bands is acting as a support on the price for the time being while the 50 SMA is acting as a resistance on the price.
All in all the coming sessions are important for the price of the share because it could indicate the short term direction of the trend depending if it manages to break above the 50 day moving average or the lower band of the Bollinger bands. .
HOME DEPOT Home Depot’s should see HKEX:405 soon. I’ll be buying HD 305c . Expiration date: 05/19/2023
HOME DEPOT Stock Chart Fibonacci Analysis 041723Trading Idea
1) Find a FIBO slingshot
2) Check FIBO 61.80% level
3) Entry Point > 295/61.80%
HD, Touching 200 SMA on a Weekly ChartHD, stable company, very easy to understand their business model. Products are provided from different vendors and companies. Difficult to goes down. This is a good opportunity to Go Long now.
Ariel
HD: bearish breakdown or Bullish reversal?HD has broken support but has not completely broken down yet.
HD bulls need to recapture the orange trendline on a weekly close or else the bearish trend will break the 200 Weekly MA.
Home Depot to raise the house (a bit). HDOr a 5+% loss incase of a stoploss trigger. Technically, we can climb here, given increasing momentum, but local pivot not confirmed. Head and shoulders is also speculative.
We are not in the business of getting every prediction right, no one ever does and that is not the aim of the game. The Fibonacci targets are highlighted in purple with invalidation in red. Confirmation level, where relevant, is a pink dotted, finite line. Fibonacci goals, it is prudent to suggest, are nothing more than mere fractally evident and therefore statistically likely levels that the market will go to. Having said that, the market will always do what it wants and always has a mind of its own. Therefore, none of this is financial advice, so do your own research and rely only on your own analysis. Trading is a true one man sport. Good luck out there and stay safe.
Home Depot: Diligent ⚙️As a hard worker, Home Depot has just recently nailed down wave X in green, hitting our green target zone between $282.54 and $260.03. From this low, the share has already started the anticipated ascent and thus should soon reach the resistance line at $347.25. Next, Home Depot should saw through this mark and climb into the gray zone between $360.98 and $402.97 to tape down wave b in gray before turning downwards again. The following descent should then lead the course back below $347.25 and subsequently below the support at $260.03. There is a 37% chance, though, for Home Depot to drop below this level early. In that case, we would assume that the share has last developed waves alt.1 and alt.2 in green instead of waves (A) and (B) in magenta and thus has already finished wave alt.b in gray.
Short HDShort HD. It's below the 20 Moving average. The the trend is down for now. This is a swing trade.
HD: Buy ideaBuy idea because we have the breakout with force the vwap indicator by a big green candle.Thanks!
HD 1WWhy do I expect price to move below 247 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
Price has created lower high.
Price is below local PoC.
Weak higher low
What do I expect will happen based on my readings?
Price is currently below local PoC. The structure is very poor. I believe price will move below 247 USD.
Home Depot Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for HD is bearish due to the current price being below the Ichimoku cloud , indicating a bearish market.
Looking for a sell entry at 311.69, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 331.31 where the overlap resistance and 78.6% Fibonacci line are. Take profit will be at 279.90, where the overlap support and 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
Home Depot Potential for Bearish Drop | 28th February 2023Looking at the H4 chart, my overall bias for HD is bearish due to the current price being below the Ichimoku cloud, indicating a bearish market.
Looking for a sell entry at 311.69, where the overlap resistance and 38.2% Fibonacci line is. Stop loss will be at 331.31 where the overlap resistance and 78.6% Fibonacci line are. Take profit will be at 279.90, where the overlap support and 78.6% Fibonacci line is.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, as general market commentary, and do not constitute investment advice. The market commentary has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and it is therefore not subject to any prohibition on dealing ahead of dissemination. Although this commentary is not produced by an independent source, FXCM takes all sufficient steps to eliminate or prevent any conflicts of interest arising out of the production and dissemination of this communication. The employees of FXCM commit to acting in the clients' best interests and represent their views without misleading, deceiving, or otherwise impairing the clients' ability to make informed investment decisions. For more information about the FXCM's internal organizational and administrative arrangements for the prevention of conflicts, please refer to the Firms' Managing Conflicts Policy. Please ensure that you read and understand our Full Disclaimer and Liability provision concerning the foregoing Information, which can be accessed on the website
