Home Depot reports earnings tomorrow. This could be telling for retail stocks. If HD earnings come in negative this would drag XRT down and likely the market leading Home builders. With the weakness in Lumber, Copper & steel weak earnings could be very likely.
Keeping it simple with this one, HD on the weekly hasn't broken the 200 WMA aside from the covid crash, and is resting there now. Given this, it serves as a good entry and expect a non-disastrous earnings release and price to pivot higher here - $310 First Target
this stock has a nice and clean chart it's a good opportunity for get long position
Or 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....
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...
Why do I expect price to move below 247 USD? Firstly, let's look at the chart. What can you can read from the chart? Price has created lower high. Price is below local PoC. Weak higher low What do I expect will happen based on my readings? Price is currently below local PoC. The structure is very poor. I believe price will move below 247 USD.
Quick read, for once. Lowe's is down 7% following ER. Another ER dump. This is really notable for a few reasons: 1. Big moves on the first of the month always make me think reversals 2. Lowe's isn't really bearish on monthly or weekly bars 3. The real short setup for economic disaster is in the $240 range 4. Dump swept out weekly/monthly/daily sellside pivots 5....
Looking 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...
CME: E-Mini S&P Retail Select Industry Futures ( CME:SXR1! ) Last Friday, the U.S. Bureau of Economic Analysis (BEA) released the latest Personal Income and Outlays Report. Personal income gained $131.1 billion (0.6%). Disposable personal income (DPI) added $387.4 billion (2.0%) and personal consumption expenditures (PCE) grew $312.5 billion (1.8%) for the month...
Home 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...
Home Depot Inc - 30d expiry - We look to Buy at 312.12 (stop at 298.22) The stock is currently outperforming in its sector. This stock has seen good sales growth. Bespoke support is located at 312. 307 has been pivotal. The primary trend remains bullish. We look to buy dips. Our profit targets will be 346.86 and 349.86 Resistance: 324 / 330 /...
i like the come HD showing from all times lows it made a %50 retracement but they are not out the woods yet would like to see a 61% or 75% retracement first
HD ( HOME DEPOT ): Consumer Cyclical - Home Improvement Retail. Home Depot is included in the Down Jones Industrial Average. My technical analysis on the stock: The current downtrend took the stock 37% of its all time high of January 2022. On June 23, HD initiated a strong bounce to $333 off the $265 level. On August 17, HD initiated a huge drop back to 265,...
Imagine the smell of this legacy stock pumping to $500 in 2023 only to get everyone thinking bear markets over then huge rug to $2. I don't make the rules guys.
Home Depot is currently sitting at $319.96 $319.50 is the first possible entry point for a short. However, a break of $317 will be a greater confirmation that the stock will push lower.
This particular formation is something I seldom experience in my daily chart readings, but when it arises tends to guarantee a profit given this entry. First time I ever saw this I questioned, can two patterns be combined? I would have to agree. Proper confirmed entry would be at 328, as soon as I witnessed the potential first indication of a reversal of trend, a...
Its sitting right on weekly support now. It could have reached the bottom. There is also huge volume recently. It could hit 150.
Home Depot Inc Intraday - We look to Buy at 285.03 (stop at 271.38) Buying pressure from 265.00 resulted in prices rejecting the dip. Posted a Double Bottom formation. The reaction higher is positive and highlights a clear reversal. A weaker opening is expected to challenge bullish resolve. Dip buying offers good risk/reward. Our profit targets will be...