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Home Depot, Inc. (The)Home Depot, Inc. (The)Home Depot, Inc. (The)

Home Depot, Inc. (The)

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HD trade ideas

HD - Reaccumulation and Potential Bullish BreakoutHome Depot’s current price action is unfolding within a classic Wyckoff Reaccumulation pattern, which suggests the stock is positioning for a significant bullish continuation. The chart clearly outlines key subphases, each of which plays a crucial role in confirming the reaccumulation process. Preliminary Support (PS): The reaccumulation process begins with Preliminary Support, where initial buying interest starts to absorb the selling pressure, effectively halting the downtrend. This phase signals that stronger hands are beginning to accumulate shares, laying the foundation for the trading range. Buying Climax (BCLMX): Following the Preliminary Support, the Buying Climax occurs as the stock experiences a surge in buying pressure. This phase pushes prices up temporarily, establishing the upper boundary of the trading range. The Buying Climax is significant as it demonstrates that demand is starting to outpace supply, though the market remains within a consolidation phase. Automatic Reaction (AR): After the Buying Climax, the Automatic Reaction takes place, where the price retraces from its recent highs and defines the lower boundary of the trading range. This move represents a pullback that tests the strength of the buying interest at lower levels, confirming the establishment of the range within which the reaccumulation will occur. Secondary Test (ST): The price then enters the Secondary Test phase, during which it revisits the lower boundary established by the Automatic Reaction. This phase is crucial for confirming the strength of the support level at the bottom of the range. The lower volume during this phase suggests that selling pressure is weakening, reinforcing the bullish potential as the stock continues to accumulate within the defined range. Spring: The Spring phase represents a deliberate shakeout below the lower boundary of the trading range. This move temporarily breaks support, triggering a stop-loss run and shaking out weaker hands, including those who are bearish. The quick recovery after the Spring indicates that stronger hands are absorbing the shares at these lower prices, preparing for an upward move. Test: Following the Spring, the price typically retests the area just above the previous support. This Test phase is essential to confirm that the market has successfully absorbed any remaining supply, and that the price is ready to move higher. Creek and Jump Across the Creek (JAC): The "Creek" is a metaphorical resistance line that develops during the reaccumulation phase, representing the gradual rise in price over time, often with a slightly downward slant. It is where the price encounters consistent selling pressure that prevents it from breaking out. The Jump Across the Creek (JAC) occurs when the price finally breaks above this resistance line, signaling that the reaccumulation phase is nearing completion and that the market is ready to advance into a new uptrend. Sign of Strength (SOS): The Sign of Strength is the final confirmation of the reaccumulation process. This phase is marked by a decisive breakout above the trading range, supported by increased volume, which confirms that demand is now significantly outpacing supply. This breakout indicates that the stock is ready to transition into a new bullish phase, with the potential for significant upside. Volume Analysis: PS and BCLMX: Higher volume during these phases indicates strong buying interest as accumulation begins. The Buying Climax, in particular, is accompanied by a volume surge, reflecting significant demand. AR and ST: Diminishing volume during the Automatic Reaction and Secondary Test suggests that selling pressure is being absorbed, confirming the integrity of the lower boundary of the trading range. Spring and Test: A spike in volume during the Spring phase confirms the shakeout, while the Test phase shows that remaining supply has been absorbed, setting the stage for a bullish move. Creek and JAC: As the price navigates the Creek, volume typically remains moderate until the breakout occurs during the Jump Across the Creek. This breakout is confirmed by increased volume, indicating strong buying interest. SOS: The Sign of Strength is accompanied by a significant volume increase, validating the breakout and confirming that the stock is ready for a new uptrend.
NYSE:HDLong
by OnlyProfits888
1
Home Depot Set to Report Q2 Earnings Today: What to ExpectHome Depot (NYSE: NYSE:HD ), the largest home improvement retailer in the U.S., is set to report its Q2 2024 earnings on Tuesday, with analysts projecting slight declines in revenue and profit compared to the same period last year. With inflation impacting consumer spending, particularly on big-ticket home improvement projects, Home Depot (NYSE: NYSE:HD )is expected to see a modest dip in its financial performance. However, there are several key factors that investors should watch closely, which could influence the company's future outlook. Earnings Expectations Amid Market Challenges Analysts predict that Home Depot (NYSE: NYSE:HD ) will report $42.57 billion in revenue for the second quarter, a slight decrease from the $42.92 billion recorded in the same quarter of fiscal 2023. Similarly, net income is expected to fall to $4.48 billion, down from $4.66 billion a year ago. These declines reflect the broader economic environment, where inflation-weary consumers have cut back on discretionary spending, including home improvement projects. Despite these challenges, Home Depot (NYSE: NYSE:HD ) has managed to maintain its position in the market. The company's ability to navigate a complex economic landscape, while still delivering solid financial results, underscores its resilience. However, the expected declines highlight the pressures that even industry giants face in the current environment. SRS Distribution Acquisition One of the most significant developments in Home Depot's recent history is its acquisition of SRS Distribution, a specialty distributor serving professional contractors in sectors such as roofing and pool markets. The $18.25 billion deal, which closed in June, is seen as a strategic move to bolster Home Depot's market share among professional contractors. This segment of the market is particularly important as big-ticket consumer spending slows. By integrating SRS Distribution into its existing operations, Home Depot (NYSE: NYSE:HD ) aims to enhance its Pro sales ecosystem, providing a broader range of services to contractors. This acquisition not only increases Home Depot's market share but also positions the company to better weather the current economic challenges by focusing on a segment less affected by consumer spending fluctuations. Technical Outlook Home Depot stock (NYSE: NYSE:HD ) has exhibited mixed signals leading up to its Q2 earnings report. At the present time, it is trading at approximately $345.64 as of Monday, situating the stock below its five-, 20-, and 50-day exponential moving averages, indicating a strongly bearish trend. Nonetheless, indications of potential recovery have emerged. Notably, the stock price has exceeded both the 50-day SMA of $347.69 and the 200-day SMA of $344.19, signifying some underlying bullish potential. The stock has risen by 2.13% in Tuesday's premarket trading, marking a fresh start. The Relative Strength Index (RSI) closed at 44.58 on Monday, signifying a sign of recovery. Technical indicators, such as the Moving Average Convergence Divergence (MACD) and the Relative Strength Index (RSI), also suggest potential stabilization or recovery. The MACD indicator at 0.05 signals a buy, while the RSI of 44.53 indicates oversold stock. Additionally, the Bollinger Bands depict substantial buying pressure near the lower band, further reinforcing the potential for recovery. Analysts' Outlook: Potential for Upside Despite the current bearish trends, analysts remain cautiously optimistic about Home Depot's future. The consensus analyst rating on Home Depot stock stands at a Buy, with an average price target of $377.56, implying an 11.02% upside potential. Recent ratings from firms like Telsey Advisory Group, JP Morgan, and Truist Securities support this view, suggesting that Home Depot could see its stock price rise to around $385.33. Conclusion As Home Depot (NYSE: NYSE:HD ) prepares to release its Q2 2024 earnings, the company faces a challenging market environment characterized by inflation and reduced consumer spending. However, its strategic acquisition of SRS Distribution and focus on the professional contractor market provide a solid foundation for future growth. While the stock currently shows mixed signals, analysts believe there is potential for an upside, making Home Depot a company to watch closely in the coming months. Investors should pay attention to the earnings report and any guidance provided, as these will offer valuable insights into how Home Depot (NYSE: NYSE:HD ) plans to navigate the rest of the fiscal year.
NYSE:HDLong
by DEXWireNews
Stock Earnings Watch: August 12th - 13thInvestors, mark your calendars! A few notable companies are set to report their quarterly results on Monday and Tuesday. Let’s take a closer look at what’s expected: Monday, August 12th Rumble (RUM 📹) The video-sharing platform is expected to post an EPS of -0.15 and revenue of 19.69M. With a beat rate of 42%, investors will be watching closely to see if Rumble can outperform expectations. Last year, they reported an EPS of -0.15 and revenue of 24.97M. TeraWulf (WULF 🐺) TeraWulf, involved in cryptocurrency mining, is set to announce an EPS of -0.01 and revenue of 35.43M. The company has a beat rate of 40%, so it will be interesting to see if they can manage a surprise. Last year, they posted an EPS of -0.08 and revenue of 15.45M. Tuesday, August 13th Home Depot (HD 🏡) The home improvement giant is anticipated to report an EPS of 4.50 and revenue of 43.37B. With a stellar beat rate of 95%, will Home Depot continue to deliver strong results? Last year, they reported an EPS of 4.65 and revenue of 42.91B. 🔍 As these companies reveal their financial health, it's crucial to pay attention not just to the numbers but to the broader implications for their industries and the economy as a whole. Stay tuned and keep your portfolios ready for any market-moving surprises! #EarningsSeason #StockMarket #InvestmentInsights
NYSE:HD
by WallSt007
8/12/24 - $hd - Limited upside at $345. watching only8/12/24 :: VROCKSTAR :: NYSE:HD Limited upside at $345. watching only - we've seen the housing starts linger - rate cuts probably need 3-6 mo to drive inflection on build capex - HD remains excellent biz, but at nearly 27x PE (when you adj. for net debt), and flat EPS that's a tough one for me to stomach. - feels like this is sticky valuation for the fact that it's such a large cap and being supported by passive flows - "feels" to me like a good result gets trimmed/ right sized lower (by institutions) and a bad result is a tough one to buy esp w the macro backdrop. - at 4.5% fcf yield even with zero growth this looks better than cash (but honestly there's a lot of stuff that's large cap that does) which means the downside is probably not one of these wicked drawdowns we've been seeing on the sub $1 bn cap stuff. - i'd be interested in dip buy/ swing on a big enough drawdown or bad CC speech or w/e. - just don't see the upside r/r playing this to the long side into print gl to the holders. lmk if u see it differently. V
NYSE:HD
by VROCKSTAR
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