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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
HOME DEPOT Buy opportunity on the 1D MA200.Home Depot (HD) gave us last time (October 09 2023, see chart below) an excellent buy opportunity that quickly hit our 326.50 Target: The Bullish momentum was so strong that it broke above the Triangle pattern and gave way to the emergence of a Channel Up. The recent 30 day correction since the March 21 High, can be technically seen as the new Bearish Leg of the Channel Up. With the 1D MACD about to make a Bullish Cross, which has historically been an early buy signal for HD, we have the best buy opportunity at hand since October 27 2023, even though the downside can easily extend as low as 322.00 (-18.80% from the top). This is good enough for us to buy and target initially the 1.236 Fibonacci extension at $415.00. ------------------------------------------------------------------------------- ** 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
1
Home Depot: Almost There! 🏁We expect that the Home Depot stock will drop further until the current wave (B) concludes in our Target Zone (coordinates: $321.10 – $288.12). After the low is settled, we reckon with a bullish trend reversal, which is why our Zone presents an opportunity to take on long positions. It should be noted that it is also 29% likely for the low of wave alt.(B) to be already in place. In this case, our Zone would not be reached after all, and this alternative scenario will be confirmed if the resistance at $364.45 is exceeded prematurely.
NYSE:HDLong
by MarketIntel
In-Depth Technical Analysis of Home DepotHome Depot, Inc. (HD) exhibits a confluence of bearish signals across multiple technical facets. Our comprehensive analysis deciphers the intricacies of these technical indicators to project potential future movements. Technical Indicators: Ichimoku Cloud Analysis: HD's price action breached below the Ichimoku Cloud, a bearish signal indicating the possible inception of a downtrend. The Conversion Line and Base Line trajectory are sloped downwards, with a widening gap suggestive of increasing bearish momentum. The Lagging Span is positioned below the price action and within the cloud, corroborating the bearish sentiment. Fibonacci Retracement: The rejection from the 0.236 Fibonacci level has set the bearish tone. A consistent descent has been observed, and the current price is on the verge of testing the 0.786 retracement level at $309.47. This level is crucial as it represents the last bastion for bulls to mount a defense, failing which could propel the price to explore depths around the $300 mark. Moving Averages: The price residing below key daily simple moving averages confirms the bearish dominance. Should the price fail to reclaim these averages, the path of least resistance remains to the downside. Volume Profile: The On Balance Volume (OBV) indicator's upward trend juxtaposes the price decline, hinting at a potential divergence. This usually warrants caution as it may precede a reversal. However, the recent peak in trading volume coinciding with a decisive bearish candle suggests a robust sell-off, potentially outweighing the OBV divergence. RSI and MACD: The RSI is teetering on the edge of oversold territory. The proximity to this threshold often precedes a retracement or consolidation phase. Meanwhile, the MACD lines are in a bearish crossover, with the histogram deepening in negative territory, underlining the current bearish drive. Bollinger Bands: HD's stock price has penetrated the lower Bollinger Band, reinforcing the oversold narrative from the RSI. A potential mean reversion could be anticipated, with the middle band around $360 acting as an interim resistance. Chart Patterns and Price Action: The formation of a sequence of bearish candles, characterized by increasing length and volume, is indicative of escalating selling pressure. The lack of significant wicks suggests little buying interest at these levels. Advanced Speculative Projections: Bearish Case: Should the selling pressure continue unabated, a decisive close beneath the 0.786 Fibonacci level may quickly seek out the psychological round number support at $300. This level could serve as a congregation point for contrarian buyers, possibly creating a demand zone for a short-term bounce. Bullish Reversal Case: For a bullish reversal to gain credibility, a reclaiming of the Ichimoku Cloud would be imperative, followed by a close above the Conversion and Base Lines, which would serve as the initial resistance zone. Only a sustained move above this region would alter the current bearish narrative, potentially targeting the 0.382 Fibonacci retracement level near $373.84 as a medium-term objective. Conclusion: The synthesis of technical indicators and price action presents a rather bearish outlook for HD in the short to medium term, underscored by the recent breakdown from significant technical structures. Market participants should anchor their strategies around the aforementioned levels while exercising prudent risk management, given the inherent volatility of equity markets. Note: This analysis is speculative and should be used as a supplement to a comprehensive investment strategy. Markets are influenced by a multitude of factors beyond technical readings, including macroeconomic developments and company-specific news.
NYSE:HD
by AxiomEx
1