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Home Depot (NYSE:HU) UptrendLine Rejection At $341.53 12.08.2024Apply risk management Risk Warning: Trading in CFDs is highly speculative and carries a high level of risk. It is possible to lose all of your invested capital. These products may not be suitable for everyone, and you should ensure that you fully understand the risks taking into consideration your investment objectives, level of experience, personal circumstances as well as personal resources. Speculate only with funds that you can afford to lose. Seek independent advice if necessary. Please refer to our Risk Disclosure. BDSwiss is a trading name of BDS Markets and BDS Ltd. BDS Markets is a company incorporated under the laws of the Republic of Mauritius and is authorized and regulated by the Financial Services Commission of Mauritius ( FSC ) under license number C116016172, address: 6th Floor, Tower 1, Nexteracom Building 72201 Ebene. BDS Ltd is authorized and regulated by the Financial Services Authority Seychelles (FSA) under license number SD047, address: Suite 3, Global Village, Jivan’s Complex, Mont Fleuri, Mahe, Seychelles. Payment transactions are managed by BDS Markets (Registration number: 143350) Disclaimer
NYSE:HDLong
by Stuart_Cowell
HD in weekly chart (Update)Hello Nothing changed from may last published idea about HD and I just want to share a bigger scale of my view. These days index charts are more complicated. For example in Nasdaq some symbols (AI based technologies for example) are unpredictably rising and this happens in the opposite direction of others and they are making a large over buy zone that is so much powerful. In my opinion HD might continue more for its deeper corrections before start a huge rally as wave (3) Millennium. Do not forget confirmations. Thanks
NYSE:HDShort
by AMA_FX
The Home Depot Stock Embarks on Seasonal Bullish TrendThe Home Depot Inc. (HD) stock is entering a seasonal uptrend following the formation of a potential head and shoulders pattern at its recent bottom. This technical formation, often indicative of a reversal, has paved the way for a new bullish impulse, with the current price standing at $359.77. Our analysis suggests a promising opportunity for a long position as the stock embarks on this upward trajectory. The bullish sentiment is further reinforced by the seasonal patterns historically observed in Home Depot's stock performance during this period. With this backdrop, we are closely monitoring the price action for a retest of the previous demand area at $354.13. This demand area, which previously provided substantial support, is a critical level to watch. A successful retest and bounce from this zone would validate our bullish outlook and provide a favorable entry point for a long position. The target for this move extends through to September, aligning with the typical seasonal strength observed in Home Depot's stock. The head and shoulders pattern observed at the bottom is a classic reversal signal, suggesting that the prior downtrend has likely concluded, and a new uptrend is underway. The recent bullish impulse from this pattern adds credence to the potential for continued upward movement. Investors should consider the broader market environment and Home Depot’s fundamental strengths. As a leading retailer in the home improvement sector, Home Depot benefits from strong consumer demand, especially during the summer months when home improvement projects typically increase. Additionally, any positive economic indicators or consumer confidence data could further bolster the stock’s performance. In conclusion, with Home Depot stock currently priced at $359.77 and showing signs of a seasonal bullish trend, we are preparing to open a long position on a retest of the $354.13 demand area. This strategy aims to capitalize on the anticipated bullish momentum through September, supported by the head and shoulders reversal pattern and historical seasonal trends. Investors should remain vigilant, keeping an eye on key support and resistance levels to make informed trading decisions. ✅ Please share your thoughts about HD in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.
NYSE:HDLong
by FOREXN1
1
Home Depot (HD) in Daily ChartHello After Oct 2023 HD started to make a rally and now it seems that it is tired and reversed but I do not confirm a bearish market for HD unless I can count a bearish impulse wave. According to the chart, wave 1 and 2 minor ended and we in wave 3 unless it was an abc and trend continutes to its bullish movements. What makes it clear for us is that we can complete 5 waves minor (Wave 1 Intermediate) and then its correction as an ABC (Wave 2 Intermediate) and after all these confirmations and also trigger break out, momentum, Ichimochu and MACD and RSI and .... (Whatever you have for your technical confirmations) we can get a SELL POSITION. ENJOY THIS CHART Thanks
NYSE:HDShort
by AMA_FX
HD (Home Depot) Weekly Chart AnalysisHD's share price has been choppy around the last quarter of 2021 and has been trading between the $270 to $330 range in 2022 and for most of 2023. In the last quarter of 2023, HD's share price broke out of the range of $330 and has pulled back to the top of the range where it was once resistance (highlighted red). It now shows support and consolidation in the $330 price range, which can be viewed as a good price level for entry. If the price were to break down below $330, the next potential level will be $300 and $280.
NYSE:HDLong
by Treehand
HD, New long term base created, expect NEW PRICE GROWTH!NEW BASE created for new GROWTH. With a company like HD with solid fundamentals -- this should be a no brainer be part of your portfolio. KEY NOTES: MONTHLY DATA HIGHER Lows on monthly data: Double bottom rebound. 78.6 FIB level touch (bargain), currently bouncing off with precision. Monthly descending trendline BREAK. Huge hint. Massive net buying volume at current range. Spotted at 310. ------------------------------------------------------- *Something to factor in as well Last earning calls May 2023 EARNINGS: 3.82 REVENUE : 37.25 Upcoming earning calls (expected) August 2023 EARNINGS: 4.44 REVENUE : 42.2 ------------------------------------------------------- TAYOR. Safeguard capital always.
NYSE:HD
by JSAL
1
BUY HDInvesting differs from trading as it focuses on long-term growth and sustainability of assets rather than quick gains. An investment idea involves committing money to ventures, projects, or assets expected to grow in value over time, such as stocks, bonds, or real estate. Investing requires understanding the fundamental factors that drive growth and stability. It involves detailed analysis of opportunities, like evaluating a company's financial health and potential for innovation, to minimize risk and maximize long-term gains.
NYSE:HDLong
by boye369
Home Depot Posted First-Quarter Earnings That Beat Expectations Home Depot ( NYSE:HD ) reported disappointing first-quarter earnings and revenue that missed Wall Street's expectations. The company is experiencing customers deferring major home projects due to high interest rates, which has led to a focus on building its business with professionals, including through its acquisition of SRS Distribution. The company expects total sales to grow about 1% in fiscal 2024, including an additional week from the prior year. However, it anticipates comparable sales, which take out the impact of store openings and closures, to decline about 1%, excluding that additional week. Home Depot's Chief Financial Officer Richard McPhail said customers are in a waiting game that began in the second half of last year, as they responded to mortgage rates climbing. He said the company anticipated those trends would continue. "The home improvement customer is extremely healthy from a financial perspective," he said. "What they tell us is they're just simply deferring these projects as given higher rates, it just doesn't seem the right moment to execute." Home Depot's sales for the three months that ended April 28 compared with what Wall Street expected, based on a survey of analysts by LSEG: Earnings per share: $3.63 vs. $3.60 expected. Revenue: $36.42 billion vs. $36.66 billion expected. Net income for the fiscal first quarter decreased to $3.6 billion, or $3.63 per share, from $3.87 billion, or $3.82 per share, in the year-ago period. Net sales fell 2.3% from $37.26 billion. Comparable sales dropped 2.8% in the fiscal first quarter across the business and declined 3.2% in the U.S. Home Depot ( NYSE:HD ) has seen sales moderate after more than two years of explosive demand during the COVID-19 pandemic. The company posted its worst revenue miss in nearly two decades and cut its forecast in the year-ago first quarter. Home Depot's sales totaled $152.7 billion in the fiscal year that ended in late January, a drop of 3% year over year. Inflation may also be playing a role in that pullback, as consumers spend more money on essentials and have to make trade-offs when spending discretionary income. However, McPhail said Home Depot is not seeing customers trade down to cheaper items, like less expensive power tools or appliances. He pinned the company's softer sales in large part on consumers' "deferral mindset" and a housing market that has slowed dramatically. To overcome slower sales, Home Depot ( NYSE:HD ) has revved up its strategy to attract pros, since they tend to buy larger quantities and offer a steadier source of sales. In March, Home Depot announced that it would acquire SRS Distribution, a Texas-based specialty distributor of roofing, landscaping, and pool supplies, for $18.25 billion in the largest acquisition in the company's history. Along with wooing pros, Home Depot ( NYSE:HD ) is poised to drive growth by opening about a dozen new stores this fiscal year and adding features to improve its online and in-store experience. Shares of Home Depot closed Monday at $340.96. So far this year, Home Depot's shares have fallen about 2% compared with the roughly 9% gains of the S&P 500.
NYSE:HD
by DEXWireNews
The 0.5% After Hours Pump And DumpIt is very problematic when you look at the after-hours screen then you see that gosh you was wrong on your prediction -- The truth is this is not a prophecy you can be wrong on any price action so always keep an air of doubt in your thesis -- An announcement was made on public news that This stock might suffer because of low sales for the year the earnings report is coming out this morning -- when this does when shall know if this gap down will happen also take note of the pre-market hours coming out soon -- There is a very little cure for fear but right now we just have to hold on tight to our thesis and -- probability and see what happens at the pre-market hours time frame. -- When i was looking at the after-hours data doubt sank deep inside my heart thinking -- "Am i wrong about the probability of this stock crash?" -- Trading is a ruff game of capitalism you need to have thick skin or else you will be swinging around and round with the crowd doubting your price predictions and trend analysis - Please read the disclaimer below -- Disclaimer:This is not financial advice do your own research before you buy or sell anything trading is risky and you will lose money
NYSE:HDEducation
by lubosi
⚠️WARNING: Why 22 Analysts Are Wrong About This Stock‼️These analysts are wrong , wrong, about the rating given to this stock on the short term, also, can you imagine how come that some investors are actually going to screen this stock based on analyst ratings? -- This is why am not a fan of analyst ratings Do you follow analyst ratings? -- This not the way for you look at this chart and notice that the price has hit a resistance on the Bollinger band top this has caused the price to immediately crash at the market open -- With such a price action the following is probably going to happen: -Gap down -Price will drop tomorrow -There will be a lot of retail buyers to hold the bag -- I don't want you to be holding the bag on this one so based on this technical analysis what do you think will happen to this stock? -- Let me tell you what I expect, this stock will crash tomorrow after earnings. -- Disclaimer: This is not financial advice please do your own research before you buy or sell anything
NYSE:HD
by lubosi