Home Depot stock: buy or sell
Jul 29th, 2021
Home Depot stock brief
- Counting on Wednesday, it's been 3 consecutive sessions in negative for Home Depot. Price closed on Wednesday at $325.52 after merely moving a -0.53%.
- On July 20 broke out above its latest top at $319.83
- The Home Depot, Inc. operates as a home improvement retailer.
Should I buy Home Depot stock?
All successful traders recommend adhering to a trading strategy and not make decisions based on subjective opinions, rumors or feelings. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best
Is $HD stock a buy?
Currently, Home Depot stock doesn't match any of these trading strategies, so our recommendation is not to buy now. This doesn't mean we expect a selloff for $HD in the next few days, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
Should I sell Home Depot stock?
When you own a stock with some profit, it's really hard to decide the correct moment to sell and get your profits. Much like when we have to buy shares, choosing when is appropiate to sell is not a haphazard decision, and we must use our own trading strategy. When selling, as well as buying, detailed setups are very easy to follow and are only applicable for selling stocks you already own, not for selling short Home Depot stock
A golden rule is that you should not mantain an investment that leads to higher than expected losses at the time of purchase. When to sell your stock should always be ruled by the stop-loss (automatic or manual)
Is it time to sell Home Depot stock?
In the current situation of Home Depot there is not any eligible sell setup, so Home Depot stock holders with operations in profit can keep their positions
Home Depot ratings
In the previous month we couldn't find any rating for Home Depot
Home Depot stock analysis
Since the price bottomed at $298.40 in mid-June, the stock surged by 9.09%.
Supports and resistances
The current resistances are:
The current supports are:
Since the price surpassed the upper band last Monday, the price dropped by 1.82%. The price is moving very close to the upper Bollinger band, indicating some level of overbought in recent sessions. This is not a sell signal, as price can move in these levels for many days and weeks
Relative strength index
The has been between the the levels of 30 and 70 for many weeks, and therefore, without this indicator really serving to help us make any decisions.
Home Depot stock price history
Home Depot started trading on Sep 22nd, 1981 priced at $0.02 per share1. Since then, HD stock has risen by 1,627,500.00%, with an average of 41,730.77% per year. An investment of $1,000USD on the IPO would be valued $16,276,000.00 nowadays.
1: Adjusted price after possible price splits or reverse-splits
Price target for Home Depot stock
Nobody knows how much a stock will be priced in the future. Banks and financial organisations issue their analysis predicting how a stock will performance in the future.
Along with buy or sell recommendations, brokerage institutions publish their price forecasts based on the stock price action and the company fundamental data. Most of these predictions follow the release of new fundamental information by the company, and many times. If you are a small investor you should not trade based on these price targets.
We don't have any target price published in the previous month for Home Depot.
Earnings and financials
Earnings call was hosted by Home Depot ($HD) last May after releasing the earnings report. Home Depot topped Wall St estimates and presented of $3.86, that is a 25.73% better than expected versus the previous predictions of $3.07. In line, reported revenues were $37.5 billion compared to estimates of $34.9 billion.Same quarter one year ago, reported EPS was $2.08, so current EPS means an increase of 85.58%. Sales exploded a 32.70% on an annualized basis in the , from $282.6B to $375.0B last quarter.
Home Depot ($HD) will host the Q2 earnings call mid next August. Analysts forecast of $4.39, that is a 13.73% higher than previous quarter.
Home Depot performance
|Home Depot ($HD)||3.10%||1.70%||19.20%|
Disclaimer:The comments published in this post are personal and not recommendations for you to buy or sell stocks. The author of this paper does not know the individual conditions of the reader, his or her own finances or what is in his or her best interest at any given time. All users should speak with their financial advisor before buying or selling any securities Opinions are posted for educative motives only
Home Depot summary
|Wednesday, July 28th, 2021|
|Day range||$324.71 - $329.33|
|Average true range||$6.05|
|50d mov avg||$315.99|
|100d mov avg||$311.98|
|200d mov avg||$290.59|
|Earnings date||August 17th, 2021|