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Home Depot Technical Analysis - Home Depot Trading: 2023-02-24
Home Depot Technical Analysis Summary
Below 294.49
Sell Stop
Above 323.73
Stop Loss
| Indicator | Signal |
| RSI | Neutral |
| MACD | Sell |
| Donchian Channel | Sell |
| MA(200) | Sell |
| Fractals | Sell |
| Parabolic SAR | Sell |
Home Depot Chart Analysis
Home Depot Technical Analysis
The technical analysis of the Home Depot stock price chart on daily timeframe shows #S-HD,Daily has fallen below the 200-day moving average MA(200) which is leveling off. We believe the bearish momentum will resume after the price breaches below the lower Donchian bound at 294.49. This level can be used as an entry point for placing a pending order to sell. The stop loss can be placed above the upper Donchian bound at 323.73. After placing the order, the stop loss is to be moved every day to the next fractal high, following Parabolic indicator signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level (323.73) without reaching the order (294.49), we recommend canceling the order: the market has undergone internal changes which were not taken into account.
Fundamental Analysis of Stocks - Home Depot
Home Depot stock dropped after disappointing Q4 earnings report. Will the Home Depot stock price continue retreating?
The Home Depot Inc is a United States home improvement retailer. It also sells its products online, including homedepot.com , blinds.com and other sites. The company is based in Atlanta, Georgia. Its market capitalization is $301.9 billion. The stock is trading at P/E ratio (Trailing Twelve Months) of 17.75 currently, company’s revenue (ttm) was $157.4 billion, while the Return on Assets (ttm) was at 20.26%. Home Depot reported weaker than expected quarterly sales and comparable store sales decline. The number of customer transactions at the company's stores decreased by 6% to 378.5 million, while a 5.8% increase in Home Depot's average ticket price helped to offset the negative impact of lower traffic on its sales results. At the same time Home Depot forecast a drop in profit this year on flat sales as the retailer cited declining consumer spending and persistent high cost inflation. Lower earnings expectations are bearish for a stock price. Home Depot shares sank 7% on February 21.
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