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HDI trade ideas

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. .
NYSE:HD
by Exness_Official
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.
NYSE:HD
by Rykin_Capital
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.
NYSE:HD
by MarketIntel
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
NYSE:HDShort
by FXCM
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
NYSE:HDShort
by Rockqet
1
Home Depot looking strong prior to earnings releaseHome Depot, Inc. (The) (symbol ‘HD’) shares made around 13% in profits since the beginning of Q4 2022. The share price made a very strong bullish run and then entered a slightly bearish trading channel. The company’s earnings report for the fiscal quarter ending January 2023 is set to be released on Tuesday 21st of February, before market open. The consensus EPS for Q1 is $3,26 compared to Q1 2022’s $3,21. ‘Home Depot looks “healthy” financial-wise with a dividend yield of 2.40% and a payout ratio of 44,30% this shows that the company is giving out a relatively good amount of dividends to its investors while retaining most of its earnings to reinvest in the company to maximize growth, The current ratio of the company is over 100% which means that they are in the financial position to repay the short term-liabilities should the need arise.’ said Antreas Themistokleous at Exness. Based on technical analysis the share price bounced on a major technical support which consists of the 38.2% of the daily Fibonacci retracement level and the bullish trendline which is valid since late October 2022. If the following sessions close above the current level we might see the next level of resistance laying around the $325.50 area which is the 23.6% of the daily Fibonacci level. The fact that the 50 day moving average is trading well above the 100 day moving average and the Stochastic oscillator near the extreme oversold levels further support this possible continuation to the upside. In the event that the price resumes the downward movement of the last week then the first point of support might be seen around $306 price area which consists of the lower band of the Bollinger bands, the 100 day moving average and the 50% of the Fibonacci.
NYSE:HD
by Exness_Official
Rising WedgePrice is trying to fall from a Bearish Rising Wedge today. Looks like a bearish W pattern, an alternative bat has completed and price is turning down. Most, not all harmonic patterns that look like a crooked W are called bearish only meaning they reverse down as a rule at the end of the 4th leg up, but there is an opportunity to go long on the last leg of that W as long as you get out in time. Crooked M patterns are called bullish as they reverse at the end of the 4th leg which is. But even with a Bullish M pattern, if you recognize the pattern, one can short the last leg down as long as you recognize that price may reverse at the end of that 4th leg down. I have the .886 and the 1.113 marked as this may be a Bat but too soon to tell. Support is sometimes found at the hump of the W. Thrusting candle right this second that can change by close. A thrusting candle is considered a continuation of the current trend and should not reach the half way mark of the prior candle. Price is hanging on the .382 of the trend up since the Covid low. Strong stock/Short interest is around 2.41%. Earnings 2-21 and there is a mixture of analyst opinions on earnings with more negative opinions than positive ones. Caution as I see some chartists whom I respect calling this a cup so I could be wrong. I just do not see a rounded bottom. No one is always right I guess. No recommendation. When you're at the end of your rope, tie a knot and hold on!
NYSE:HD
by lauralea