A "channel," in the context of trading and technical analysis, is a chart pattern that forms when the prices of a financial asset move between two parallel lines, creating a kind of corridor or channel. There are two main types of channels: an ascending channel and a descending channel.
Ascending Channel: This channel forms when prices have an overall upward...
NYSE:HD has been consistently staying above a few solid supports while remaining underbought, presenting a buying opportunity. Although the current decline in the housing industry is holding it down, the stock is looking promising from a technical standpoint at the moment.
Home Depot (HD) is near the Higher Lows trend-line of the 12-month Triangle pattern. Even though it's already on an excellent buy level, the distinc characteristic of the previous two bottoms has been an inner Higher Lows formation. That was the final Low before rising and never seeing such low levels again.
On top of that, the 1D RSI is remarkably oversold (even...
Island reversal pattern forming for Home Depot NYSE:HD ?
Started in Feb 22 almost a year ago after earnings report.
If it completes, exceeding 339, then it will be a bullish reversal and 400-420 will be in play. So for next earnings it's possible that price will gap higher. Still watching though.
This is not advice. Do your own research and trade your own plan!!
LT support line drawn has been support since 1985. With over 35 years of support for the trend, I say buy the dips. Relatively easy stop loss below the trendline.
If we break channel... LT trend change and CAUTION.
If we don't break channel... happy days!
Hello There!
Welcome to my new analysis about HD on several timeframe perspectives. As the whole stock market is moving into a decisive phase where more and more mixed sector stock developments emerge with many sector stocks to increase a bearish possibility while others still remain in a major bullish condition it is highly necessary to consider those stocks...
HD looking to drop to 302$ ish, maybe slightly further using the teal diagonal line. HD is one of my long-term dividend/safer holds that I plan on holding for a very long time. I use these charts to help with entries and DCAs after deciding on my thesis. HD has had 3-4 amazing opportunities on the purple support line which is where I started to build my long-term position.
Hello Traders Investors And Community, welcome to this analysis where we are looking at the stock value HD 4-hour timeframe perspective, the current formation and what to expect from this stock the next times. Although HD has formed some new highs it is struggling at the moment as the volatility gets extremely low and the price weakens it can be possible to...
Homebuilders were a surprise leader in the first half. But with interest rates staying high, bears could be moving into the neighborhood.
Today’s chart focuses on Home Depot. Similar patterns appear on related charts including NYSE:LEN Lennar, NYSE:PHM PulteGroup and NYSE:TOL Toll Brothers.
The first issue is potential bearish divergence. HD made a...
HD hasn't been able to break a strong resistance level. The uptrend channel has also been breached. Likely to go up and down near the resistance level before losing power and breaking down.
Home Depot Inc (HD) is trading within a Channel Up since the May 16 Low, strongly supported by the 1D MA50 (blue trend-line) following a 1D Golden Cross. The pattern is quite similar to the October - December 2022 bullish Channel and as a result we treat this as the last strong buy opportunity before the Resistance Zone test. Our target is its top at $347.65....
Home Depot (HD) reported earnings of 4.65 per share on revenue of 42.92 billion for the fiscal second quarter ended July 2023. The consensus earnings estimate was 4.46 per share on revenue of 42.25 billion. The company beat expectations by 4.03% while revenue fell 2.00% compared to the same quarter a year ago. The company said it continues to expect fiscal 2024...
If you haven`t sold HD here:
Then analyzing the options chain and the chart patterns of HD The Home Depot prior to the earnings report this week,
I would consider purchasing the $325usd strike price Puts with
an expiration date of 2023-9-15,
for a premium of approximately $7.15.
If these options prove to be profitable prior to the earnings release, I would sell...
