Potential head n shoulders playing outPlanning a short if the right shoulder plays along. Measured move down for a swing trade.
HD trade ideas
HOME DEPOT Last strong buy opportunity.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. Notice that the 1D RSI is also on a Higher Lows trend-line, the trend shift will most likely occur after that breaks.
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Home Depot short entryHome 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 earnings of 14.52 to 15.52 per share on revenue of 149.53 billion to 154.26 billion. The current consensus earnings estimate is 14.95 per share on revenue of 152.39 billion for the year ending January 31, 2024.
8/18 expiry:
Put Volume Total 34,123
Call Volume Total 31,847
Put/Call Volume Ratio 1.07
Put Open Interest Total 52,767
Call Open Interest Total 46,824
Put/Call Open Interest Ratio 1.13
8/25 expiry:
Put Volume Total 6,227
Call Volume Total 7,229
Put/Call Volume Ratio 0.86
Put Open Interest Total 3,369
Call Open Interest Total 2,098
Put/Call Open Interest Ratio 1.61
9/1 expiry:
Put Volume Total 922
Call Volume Total 819
Put/Call Volume Ratio 1.13
Put Open Interest Total 1,505
Call Open Interest Total 1,177
Put/Call Open Interest Ratio 1.28
HD The Home Depot Options Ahead of EarningsIf 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 at least half of them.
Looking forward to read your opinion about it.
Home Depot, Inc. (‘HD’)Home Depot, Inc. (symbol ‘HD’) share price has made some profits in the second quarter by just over 10%. The company’s earnings report for the fiscal quarter ending July 2023 is set to be released on Tuesday 15th of August, before market open. The consensus EPS is $4.46 compared to the same quarter of last year at $5.05.
‘The company is currently performing exceptionally well compared to the start of the quarter but there are some financial issues to be paying attention to. Even though the home improvement giant has a current ratio of 1.27 , the debt to equity ratio as of 30/04/2023 is at 113.03 indicating that the company is operating at a great level of debt which is something that might discourage investors to direct their funds towards the company.’ said Antreas Themistokleous at Exness.
From the technical analysis perspective the price is trading in an aggressive bullish rally for the last 2 months with some signs of possible correction in the near short term. The first indication is the extreme overbought Stochastic oscillator which is in this level for an extended period of time and more specifically around 3+ weeks. The second indication is that in the recent sessions the price moved away from the Bollinger bands after consecutive touches of the upper band which usually but not always a correction follows.
If this scenario is confirmed in the following we might see some support around the $320 price area which consists of a reaction area since mid February as well as the psychological support of the round number. On the other hand if the bulls prove to be stronger than the bears then we might see the price retesting the previous highs around the $340 level.
HD is warming up for another leg upNYSE:HD is holding up nicely above 200 MA, long the break out to target the levels shown on the chart. Stop loss daily close below 50 MA.
$HD with a bullish outlook following its earnings #StocksThe PEAD projected a bullish outlook for NYSE:HD after a negative over reaction following its earnings release placing the stock in drift C with an expected accuracy of 66.67%.
HD This is HD range focus price points
I set major trends within the white line levels of the fibs. Wtching this double bottom run u to retest 327 to see if ti rejects or can continue for a run up to 353
HD - Horizontal Trend Channel🔹Breakout the horizontal trend channel in the medium long term.
🔹Breakout a double bottom formation
🔹A decisive break of the resistance 302, continue looking at next resistance 322.
🔹Technically POSITIVE for the medium long term.
Chart Pattern;
🔹DT - Double Top | BEARISH | 🔴
🔹DB - Double Bottom | BULLISH | 🟢
🔹HNS - Head & Shoulder | BEARISH | 🔴
🔹REC - Rectangle | 🔵
🔹iHNS - inverse head & Shoulder | BULLISH | 🟢
Verify it first and believe later.
WavePoint ❤️
$HD Home remodeling szn!Chart speaks for itself. bullish curl aiming for the upside gap. Calls over 309 for 314, 317, 320s RSI is neutral so she can run
BATPrice appears to be struggling at a resistance level and is boxed in right now.
Possible Ascending Triangle formed which is neutral until broken.
A Bat pattern noted, crooked M which is bullish but price keeps hitting the resistance line, so has not broken as far upward like most Bullish Bats do.
A bat has peak 2 lower than peak 1 and the 4th leg down should hit the .886, or 1.113 for a Alternate Bat. This nailed the .886 fib level of XA but continues to struggle.
No recommendation.
Home Depot - Pump to $327 incoming🐂 Trade Idea: Long - HD
🔥 Account Risk: 1.00%
📈 Recommended Product: Knockout / Option
🔍 Entry: +/- 306.27
🐿 DCA: No
😫 Stop-Loss: 284.29 (or 294.65 for aggressive trade)
🎯 Take-Profit: 327.27 (50%)
🎯 Trail Rest: Yes
🚨🚨🚨 Important: Don’t forget to always wait for strong confirmation once possible entry zone is reached. Trade ideas don’t work all the time no matter how good they look. Do not get a victim of FOMO, there is always another trade idea waiting. 🚨🚨🚨
If you like what you see don’t forget to leave a comment 💬 or smash that like ❤️ button!
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Home Depot is in a larger uptrend since Oct. 2016 (yellow trend line) but consolidates sideways since Feb 2023 despite a take-off situation in the housing market - at least when it comes to permits. Home Depot is considered as a stock that should benefit from those situations.
Technically we can see that the bottom support of the current consolidation zone (big green box) was breached only one time immediately retracing in the consolidation box with high volume. This indicates a stronger support there. Since beginning of June we now entered into a much smaller consolidation box (little green box) on the upper right corner of the bigger zone. Those multiple tests of the upper resistance and the share price remaining ever closer to resistance indicate an upward breakout.
If you’re a pre break-out trader you might want to jump in with a tight stop around 294. All others should wait for daily confirmation outside the box possible at 306.
Don’t forget earnings in August if you take the trade.
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Disclaimer & Disclosures pursuant to §34b WpHG
The trades shown here related to stocks, cryptos, commodities, ETFs and funds are always subject to risks. All texts as well as the notes and information do not constitute investment advice or recommendations. They have been taken from publicly available sources to the best of our knowledge and belief. All information provided (all thoughts, forecasts, comments, hints, advice, stop loss, take profit, etc.) are for educational and private entertainment purposes only.
Nevertheless, no liability can be assumed for the correctness in each individual case. Should visitors to this site adopt the content provided as their own or follow any advice given, they act on their own responsibility.
Home Depot Sits Calmly as Housing SurgesThe U.S. housing market is taking off -- at least according to yesterday’s data (starts and permits). However one of the biggest companies in the sector is still negative on the year: Home Depot.
The first pattern on today’s chart is the bearish gap on February 21 after sales and guidance disappointed. HD has recently started probing the $305.55 opening price from that session. Does this create the potential for a breakout?
Second, positive pressure could be emerging from below. Notice how HD tried to break under its March low last month but quickly rebounded. There was a higher low on June 1, followed by a steady push upward. That kind of price action may suggest buyers are lurking near the current price area.
Third, the 8-day exponential moving average (EMA) is above the 21-day EMA. MACD and the 50-day simple moving average (SMA) are also rising. Those may reflect improving short- and intermediate-term trends.
Finally, HD stalled at its 200-day SMA about two months ago. However the current consolidation is occurring at the same line -- a potential sign it’s losing relevance as resistance.
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Hd Looking like a W breakout looming here 302-300 is key range /zone. Looking like a great longing postion here
HD (Home depot)Break out over 303.
1st tgt - 313
2nd Tgt - 323
Stop-loss - 300
Rsi coiled
Similar setup to wfc, iwm,, xom
Home Depot: 3 Rising Valleys Support w/Hidden Bullish DivergenceHome Depot has formed 3 Rising Valleys at a Support Level with the Confluence of the 200 Week SMA and Hidden Bullish Divergence. I think it could eventually break through the trend line and go up to $400
I just bought paint here and there was a lot of good ole boys chilling on anchored vwap, oscillators flipping over and gaps to fill. This is a long time winner and itll come back!
HD swings look solid this week!AMEX:DIA looks solid, HD is one of there holdings. Closed last week with a hammer on the weekly. I like the 305-310C for 7/21. Let me know your analysis on HD this week!
Trading HD to $340According to TipRanks, the average price target is $315.25 with a high forecast of $360.00 and a low forecast of $276.00. The average price target represents a 7.81% change from the last price of $292.40.
HD chart points down but reality up?I just arrived to Home Depot to get $50 of stuff. I come here once a week for DIY things. It is Saturday but the parking lot is packed crazy like when middle Covid home improvement blitz. So I pull it up on trading view and see the benefit of premium level - the head and shoulders sitting there drawn up. I would assume my personal experience is worth 000000 so will be going short on this if/once is crosses the line
Home Depot a change of trend is possibleIdea: Long
Horizon: 1-2 weeks
Target 1: 303.34
Target 2: 308.57
Target 3: 313.8
Potential of the idea: 60%
Stop order: $286.7
Technical analysis
HD is in a sideways movement, the price made a deviation from the bottom and we got a reaction from buyers. We expect that the price will come to the upper boundary of the sideways movement at least, after that a deviation from above is possible and if the price consolidates above the level of 303, then this will already be a change of trend to an upward one. Where the deal can be held along the trend until reversal.
The RR ratio when reaching Target 1: 1 to 2 After reaching Target 1, we advise moving the stop-loss to breakeven.
You can only enter after confirmation on younger time frames
How to Draw Curved Trendlines in TradingViewThis video shows you how to draw curved trendlines in TradingView using the brush tool.
