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HOME34 trade ideas

HD - Horizontal Trend Channel🔹Breakout the horizontal trend channel in the medium long term. 🔹Breakout a double bottom formation 🔹A decisive break of the resistance 302, continue looking at next resistance 322. 🔹Technically POSITIVE for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
NYSE:HDLong
by wavepoint99
BATPrice appears to be struggling at a resistance level and is boxed in right now. Possible Ascending Triangle formed which is neutral until broken. A Bat pattern noted, crooked M which is bullish but price keeps hitting the resistance line, so has not broken as far upward like most Bullish Bats do. A bat has peak 2 lower than peak 1 and the 4th leg down should hit the .886, or 1.113 for a Alternate Bat. This nailed the .886 fib level of XA but continues to struggle. No recommendation.
NYSE:HD
by lauralea
2
Home Depot - Pump to $327 incoming🐂 Trade Idea: Long - HD 🔥 Account Risk: 1.00% 📈 Recommended Product: Knockout / Option 🔍 Entry: +/- 306.27 🐿 DCA: No 😫 Stop-Loss: 284.29 (or 294.65 for aggressive trade) 🎯 Take-Profit: 327.27 (50%) 🎯 Trail Rest: Yes 🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨 If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button! — Home Depot is in a larger uptrend since Oct. 2016 (yellow trend line) but consolidates sideways since Feb 2023 despite a take-off situation in the housing market - at least when it comes to permits. Home Depot is considered as a stock that should benefit from those situations. Technically we can see that the bottom support of the current consolidation zone (big green box) was breached only one time immediately retracing in the consolidation box with high volume. This indicates a stronger support there. Since beginning of June we now entered into a much smaller consolidation box (little green box) on the upper right corner of the bigger zone. Those multiple tests of the upper resistance and the share price remaining ever closer to resistance indicate an upward breakout. If you’re a pre break-out trader you might want to jump in with a tight stop around 294. All others should wait for daily confirmation outside the box possible at 306. Don’t forget earnings in August if you take the trade. — Disclaimer & Disclosures pursuant to §34b WpHG The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only. Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
NYSE:HDLong
by LGNDRY-Capital
Home Depot Sits Calmly as Housing SurgesThe U.S. housing market is taking off -- at least according to yesterday’s data (starts and permits). However one of the biggest companies in the sector is still negative on the year: Home Depot. The first pattern on today’s chart is the bearish gap on February 21 after sales and guidance disappointed. HD has recently started probing the $305.55 opening price from that session. Does this create the potential for a breakout? Second, positive pressure could be emerging from below. Notice how HD tried to break under its March low last month but quickly rebounded. There was a higher low on June 1, followed by a steady push upward. That kind of price action may suggest buyers are lurking near the current price area. Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD and the 50-day simple moving average (SMA) are also rising. Those may reflect improving short- and intermediate-term trends. Finally, HD stalled at its 200-day SMA about two months ago. However the current consolidation is occurring at the same line -- a potential sign it’s losing relevance as resistance. 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
Home Depot a change of trend is possibleIdea: Long Horizon: 1-2 weeks Target 1: 303.34 Target 2: 308.57 Target 3: 313.8 Potential of the idea: 60% Stop order: $286.7 Technical analysis HD is in a sideways movement, the price made a deviation from the bottom and we got a reaction from buyers. We expect that the price will come to the upper boundary of the sideways movement at least, after that a deviation from above is possible and if the price consolidates above the level of 303, then this will already be a change of trend to an upward one. Where the deal can be held along the trend until reversal. The RR ratio when reaching Target 1: 1 to 2 After reaching Target 1, we advise moving the stop-loss to breakeven. You can only enter after confirmation on younger time frames
NYSE:HDLong
by SiriusBH
1
Weak earnings on end of cycleHome Depot reported weaker earnings – revenue fell 4.25% YoY earnings fell 8.8%. It reflects a weaker building + DIY market in the US, which is what we’re seeing across the board – specialist store Restoration Hardware (RH) reported similarly weak sales. HD fell 2.15% in response, which isn’t enough value for us yet. We initiated coverage of HD back in December where we said that HD is a best in class retailer but too expensive, citing slowdown fears. Those slowdown fears have come to pass yet now we’re anticipating more slowdown versus HD’s 3-5% projected decline in sales for the FY. We think this is too little. Home Depot’s customers tend to be “tradies” and homeowners. Typically having homeowners as a customer base is a good thing – they are cashed up and have equity. Yet we’re in an environment of rising interest rates for mortgages, which will strain that previously strong “homeowner” dollar. We still consider HD to be an exemplary business – even in a recessionary environment they still have net margins of ~20% (vs James Hardie’s 12% and Fletcher’s ~8%) and they maintain an average “ticket” price per sale of ~$92. The headline here is Pandemic spending is over and that goods spend we were seeing previously has shifted to services. See upside as $+$230 and downside as +$190. Read more at: research.blackbull.com
NYSE:HD
by BlackBull_Markets
Home Depot "Plunges" to SupportAll media invokes sensationalism to get clicks and views to see their ads. Some really play into the doomer mindset of their readers/viewers by selecting stories that amplify the theme of the world/economy/dollar ending and that the next crash is right upon us! I've been reading these headlines every day for over a decade now and it's just the way modern journalism works. As a trader I aspire to cut through the noise and negative bias (and sometimes the positive bias) and ask the more objective question: "what does the price action suggest?" Home Depot NYSE:HD had earnings today and while the news was negative the overall long term trend (on the Weekly timeframe) has not changed. The key low of COVID and All Time High trend has defined most stocks for the last two years and may continue to define them for up to a decade. This past trend sets up a 50% Retracement level around 280.62 which Home Depot stock price has stubbornly held with an auction zone for a year of price action by now. Digging down through the lower timeframes the price action sets up a potential low-risk post-earning trade. The price action of the open poked below the near term low but failed to follow lower. What I would look for is price to hold today's opening action and NOT break the opening low. That sets up a stop for a reversal of this oversold condition while the broader price action on the Weekly is at a major Support.
Editors' picks
NYSE:HDLong
by norok
15
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.
NYSE:HDShort
by TicksandWicks22
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
NYSE:HD
by KhanhC.Hoang