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HOME34 trade ideas

HD Expectations (FLAG)Home Depot (HD) exhibits several bullish indicators that suggest a potential upward trajectory. Firstly, the company consistently demonstrates robust financial performance, with strong revenue growth driven by increased consumer spending on home improvement. Additionally, HD's market dominance, extensive store network, and successful online presence position it favorably to capitalize on evolving consumer trends. Furthermore, the housing market's resilience and ongoing demand for home improvement projects, coupled with the company's proactive strategies in adapting to changing consumer preferences, create a favorable environment for HD's continued growth. Analysts' positive sentiment, coupled with the company's solid fundamentals, make a compelling case for a potential upward trend in HD's stock price.
NYSE:HDLong
by OwningStocksPerson
1
Home Depot set for VolatilityHome Depot Traders Prepare for Earnings Results Today; EPS of 3.82 Expected Yesterday, Home Depot's stock (HD) experienced bearish price action, causing it to fall as low as 287.24 before stabilizing at 288.07. This consolidation of losses comes after 4.55 million shares were traded on the day, surpassing the multiday average of 3 million. Today, Home Depot is expected to report earnings per share (EPS) of 3.82 and revenue of $35.66 billion. Traders and investors will be closely watching these results to assess the company's performance. Key Facts about Home Depot Over the past 5 days, Home Depot's stock price has dropped. Home Depot has underperformed the Dow by 0.01% so far this year. The stock currently has a market cap of $288 billion. Yesterday's market volume for Home Depot was 4.55 million shares, which is 151% higher than the average. It appears that Home Depot's price action is currently pivoting around key support at 286.9. If this level succumbs to bearish pressure, the next support level to watch out for is at 285.72. With today's 1.21% drop to 288.07, Home Depot's ongoing four-day downtrend has been further accentuated. Yesterday, the bearish market action caused Home Depot to dip to 287.24 before settling at $288.07, consolidating its losses and securing market bears' dominance. Key Points: Home Depot's price action is currently pivoting around $286.9, which is a key support level. The next key support level to watch out for is at $285.72. If Home Depot dips below $283.03, it could indicate further losses are ahead. On the other hand, if it fails to break below this level, it may be seen positively by market bulls and a retracement could be on the cards. The next downside barriers for Home Depot are at 286.9 and 285.72.
NYSE:HDShort
by NomolosAI
HOME DEPOT Stock Chart Fibonacci Analysis 103023 Trading Idea 1) Find a FIBO slingshot 2) Check FIBO 61.80% level 3) Entry Point > 277/61.80% Chart time frame : B A) 15 min(1W-3M) B) 1 hr(3M-6M) C) 4 hr(6M-1year) D) 1 day(1-3years) Stock progress : C A) Keep rising over 61.80% resistance B) 61.80% resistance C) Hit the bottom D) Hit the top Stocks rise as they rise from support and fall from resistance. Our goal is to find a low support point and enter. It can be referred to as buying at the pullback point. The pullback point can be found with a Fibonacci extension of 61.80%. This is a step to find entry level. 1) Find a triangle (Fibonacci Speed Fan Line) that connects the high (resistance) and low (support) points of the stock in progress, where it is continuously expressed as a Slingshot, 2) and create a Fibonacci extension level for the first rising wave from the start point of slingshot pattern. When the current price goes over 61.80% level , that can be a good entry point, especially if the SMA 100 and 200 curves are gathered together at 61.80%, it is a very good entry point. As a great help, tradingview provide these Fibonacci speed fan lines and extension levels with ease. So if you use the Fibonacci fan line, the extension level, and the SMA 100/200 curve well, you can find an entry point for the stock market. At least you have to enter at this low point to avoid trading failure, and if you are skilled at entering this low point, with fibonacci6180 technique, your reading skill to chart will be greatly improved. If you want to do day trading, please set the time frame to 5 minutes or 15 minutes, and you will see many of the low point of rising stocks. If want to prefer long term range trading, you can set the time frame to 1 hr or 1 day.
NYSE:HD
by fibonacci6180
📈📊 #ChartPattern Alert! 📈📊 📈 Channel 📈A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel. Ascending Channel: This channel forms when prices have an overall upward trend, but this trend is contained within two upward-sloping parallel lines. The lower level is the support, where prices often find buyers, while the upper level is the resistance, where sellers may come into play. Traders often view the ascending channel as a sign of the continuation of the existing uptrend. Descending Channel: On the other hand, the descending channel forms when prices have a downward trend, but this trend is bounded by two downward-sloping parallel lines. The upper level is the resistance, where prices tend to retreat, while the lower level is the support, where minor bounces may occur. Traders typically interpret the descending channel as a sign of the continuation of the downtrend. Channel analysis is an important tool for traders as it can help identify entry and exit points, as well as set profit targets and stop-loss levels. However, it's crucial to note that channels are not foolproof, and prices can break beyond the channel lines, signaling a change in trend. In summary, a "channel" is a chart formation that depicts the direction and strength of a price trend in a financial asset. It's a useful tool for traders looking to make informed decisions about their market trades.
NYSE:HD
by RaffDN
HOME DEPOT Close to start forming the long-term bottom.Home Depot (HD) is near the Higher Lows trend-line of the 12-month Triangle pattern. Even though it's already on an excellent buy level, the distinc characteristic of the previous two bottoms has been an inner Higher Lows formation. That was the final Low before rising and never seeing such low levels again. On top of that, the 1D RSI is remarkably oversold (even touched 20.00 at some point), so we already have a bullish opportunity at hand. Our target is the 0.786 Fibonacci level at 326.50. ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
NYSE:HDLong
by TradingShot
5
HD, Crucial, Two Formations Setup the BEARISH BREAKOUTs!Hello There! Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks that have main bearish potential in a total-return approach to also profit when the stock price is declining. In this case I have spotted HD, a major potential short-side-candidate when considering the total-return approach in the current stock market. As when looking at my chart now, the most important indication for HD is that it is forming two major bearish formations that are going to double the effect of bearish acceleration to the downside once they have been completed. The first bearish formation HD is forming is this gigantic head-and-shoulder-formation which is already in the final stages of completion as the right shoulder is about to be finalized. The second bearish formation HD is forming is the crucial bear-flag-formation forming simultaneously with the right shoulder and is also going to accelerate the bearishness hugely once a breakout has shown up. Both bearish formations HD is forming here are pointing into the crucial bearish resistance-cluster into which HD is now moving, this means that there is an enormous high possibility for a massive pullback and bearish continuation towards the downside as HD is already attempting to do so there are not much confirmation signals remaining till the total bearish breakdowns. In this case it will be especially important on how HD actually moves below the two main EMAs here, with the first EMA being the 65-EMA marked in red, and the second EMA being the 200-EMA in blue. Once HD broke out below the 200-EMA in blue as well as the lower boundary and neckline of the gigantic head-shoulder-formation this is going to setup the bearish-continuation and bearish-acceleration to activate the target-zones. Currently all indications point to the massive bearish continuation and acceleration to setup in the next times. Especially, when other major sector stocks turn bearishly to the downside this can have an acceleration effect on HD also. Once the formations have been completed it is going to activate the target-zones as seen in my chart between the 177.5 and 185 level. In this case HD will show how much it is going to increase the bearishness once it approaches these levels because if there is an extremely high bearishness there is also the possibility that HD just breaks down with exponential high bearish pressure below these levels and even does not attempt to form a reversal in this zone. In this manner, thank you everybody for watching the analysis, support from your side is greatly appreciated. VP
NYSE:HD
by VincePrince
11
HD, This Formation Is The Crucial Factor For Futher Outcomes!Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value HD 4-hour timeframe perspective, the current formation and what to expect from this stock the next times. Although HD has formed some new highs it is struggling at the moment as the volatility gets extremely low and the price weakens it can be possible to reverse, in such environment it is important to note that there are stocks which gained strongly out of the corona crisis and stocks which showing bearish signals, as HD has shown some bullish signs this can reverse to the other side now therefore I detected some important signs to consider which will determine the further outcomes. Looking at my chart you can watch there that HD has formed this huge possible rising-triangle-formation which is marked in blue where the price already severaly touched the lower and upper boundary within its low-volatile movement, what is important is this movement as it gets slower and slower here the price struggles to advance, such movement can suddenly reverse which is also playing into the rising-triangle-structure the stock is building up here. This triangle will confirm when the price closes with a volatile move below the lower boundary and therefore confirms the triangle, a continuation to the downside will be highly possible and should be considered when this happens. When the more likely bearish scenario plays out here the stock will look for remaining supports which is firstly the 100-EMA marked in red which is a possible support that can hold and when it does not the next support will be at the 300-EMA marked in black, in these levels the stock can reverse and possibly continue bullish on the middle or even on the long-term but this has to be confirmed rightly. Although a immediate aggressive approach is also possible here such formation can be traded best possible with a confirmation of the whole triangle-formation with a close below the lower boundary and cotinuation, it will be highly interesting how this is playing out in the current structure. In this manner, thank you for watching, support for more market insight and have a good day! “The fundamental law of trading is the forecast of the future.” Information provided is only educational and should not be used to take action in the markets
NYSE:HD
by VincePrince
4
Downtrends May Have Begun in HousingHomebuilders were a surprise leader in the first half. But with interest rates staying high, bears could be moving into the neighborhood. Today’s chart focuses on Home Depot. Similar patterns appear on related charts including NYSE:LEN Lennar, NYSE:PHM PulteGroup and NYSE:TOL Toll Brothers. The first issue is potential bearish divergence. HD made a six-month high on August 15. But notice how MACD, Wilder’s RSI and Rate of Change peaked earlier and were falling at the time. Those lower studies may indicate slowing momentum. Second is the emergence of a potential falling channel. In late August, HD dipped below its price range from earlier in the month. It then peaked around $333 on September 1, which was about $5 below the August 15 zenith. In other words, a lower low was followed by a lower high. Finally, the macro environment may be more difficult for housing. Optimism about supply and demand boosted sentiment earlier in the year. But now strong economic data could be keeping rates higher for longer. That may cause some anxiety and reality checks in the coming weeks. TradeStation has, for decades, advanced the trading industry, providing access to stocks, options, futures and cryptocurrencies. See our Overview for more. Important Information TradeStation Securities, Inc., TradeStation Crypto, Inc., and TradeStation Technologies, Inc. are each wholly owned subsidiaries of TradeStation Group, Inc., all operating, and providing products and services, under the TradeStation brand and trademark. TradeStation Crypto, Inc. offers to self-directed investors and traders cryptocurrency brokerage services. It is neither licensed with the SEC or the CFTC nor is it a Member of NFA. When applying for, or purchasing, accounts, subscriptions, products, and services, it is important that you know which company you will be dealing with. Please click here for further important information explaining what this means. This content is for informational and educational purposes only. This is not a recommendation regarding any investment or investment strategy. Any opinions expressed herein are those of the author and do not represent the views or opinions of TradeStation or any of its affiliates. Investing involves risks. Past performance, whether actual or indicated by historical tests of strategies, is no guarantee of future performance or success. There is a possibility that you may sustain a loss equal to or greater than your entire investment regardless of which asset class you trade (equities, options, futures, or digital assets); therefore, you should not invest or risk money that you cannot afford to lose. Before trading any asset class, first read the relevant risk disclosure statements on the Important Documents page, found here: www.tradestation.com .
NYSE:HD
by TradeStation
1