Hello
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...
Home 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...
Home Depot Inc (HD) stock is gaining momentum and could reach between 410 and 420 in the second quarter of 2024. However, there might be a short-term dip, with potential buying opportunities in the range of 370 to 375.
NYSE:HD
I wonder if this ends up being a double-top for Home Depot?
I would watch lumber prices, it tracked lumber quite closely last time, if lumber fades soon it could signal macro-economic weakness in the economy, which could lead to lower bond yields and lower stock prices together. Watch closely my friends.
Home Depot ( NYSE:HD ) said Thursday it will open four new distribution centers as it drives more sales from remodelers, contractors and other home professionals.
The new distribution centers are expected to open in the first half of the year in Detroit, Los Angeles, San Antonio and Toronto. They make room for the bulky size, wider variety and larger orders of...
A price action below 371.00 supports a bearish trend direction.
Increase short exposure for a break below 367.00.
The target prices are set at 357.00 and 351.00.
The stop-loss is set at 380.00.
Breaking down the 23.6% Fibonacci retracement at 361.00 might trigger such downside potential.
HD has been on a run recently but I don't think it's close to finished. I think long term this is trending to 470 to complete the Harmonic. Long!
Not financial advice, good luck to all :)
Take note of NYSE:HD 5 Month uptrend. Based on Mark #Minervini criteria and economic conditions where interest rates are high. Home upgrades tend to remodel or renovate their homes. Study $ANF. LONG!
Home Depot ( NYSE:HD ) finds itself navigating rough waters. The retail giant recently delivered a sobering forecast for 2024, projecting results below analysts' expectations. As demand for home remodeling fails to pick up steam, Home Depot ( NYSE:HD ) braces for a year of sluggish growth and intensified pressure on its bottom line.
Unveiling the Forecast:
Home...
HD is testing a breakdown of the channel here, we have had a washout to the upside previously. I would look for a weekly candle body extending past it for bearishness.
I think the trend remains strong personally.
Home Depot, Inc. (symbol ‘HD’) share price had a spectacular steady growth in the latest quarter managing to rise by around 25%. The company’s earnings report for the fiscal quarter ending January 2024 is expected to be released on Tuesday 20th of February, before market open. The consensus EPS is $2.73 against $3.30 in the same quarter last year.
‘The company...
HD is one of my current core holdings that I averaged into during the crash last year. I have always liked the company fundamentally, and even have had success trading options on the stock as well. HD is above the golden fib (strong momentum) and has risen despite market turmoil. Even though tech is the favored sector right now HD has continued to rise. There...
NYSE:HD benefited greatly from the pandemic lockdown and the numerous stimulus checks that over-stimulated all nations' economies.
The stock has now moved above its trading range and has sustained, aka held onto, those gains.
This patterns out the excessive revenues and earnings that were inevitably unsustainable for all of the companies that benefited from...
Weekly timeframe shows that this stock is likely to pullback to my level of support highlighted on the chart.
I need that level to be tested before deciding on what to do with this stock. If we reach that level, I'll assess market conditions and momentum to determine if it's a low risk entry. There might be a chance of further declines as shown with my second arrow.
