At Home Group Inc. (HOME)
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
Currently, At Home 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 HOME in coming sessions, or that it may not rise higher. Simply, it doesn't match our recommended trading systems
"To sell or not to sell", if you are holding At Home shares?. Trading strategies help us to avoid rash decisions based on our personal emotions or the buzz that surrounds the market. When selling, as well as buying, detailed setups are very simple to follow and are only valid for selling shares you already own, not for selling short HOME stock
As a golden rule, you should never keep a trading operation that shows a greater losses than those expected by the time of the buy. The moment to sell your stock must always be dictated by the stop-loss (automatic or manual)
Currently, At Home stock doesn't match any of our preferred sell setups, so if you own At Home stock and your operation is in profit probably is not time to sell now
Brokerage firms and financial institutions post stock ratings based on their views of the market and the fundamental and technical situation of the analyzed stock. Unfortunately, the accuracy of these predictions is not very high, and certainly not a direct buy or sell signal
In the last 30 days, 3 ratings were published for At Home
|Sep 2nd, 2020|
|Loop Capital||Buy → Neutral|
|Sep 8th, 2020|
|Monness Crespi & Hardt||Neutral → Strong buy|
|Sep 14th, 2020|
From a technical standpoint, At Home continues trending lower since early September, and has droppped a -40.51%. The stock plotted 2 consecutive lower tops
A favorite tool of many trading systems are the moving averages, that easily show trend direction. A moving average is calculated as the simple mean of the previous N periods (usually sessions). Usual time periods used for moving averages are 21 days, 50 days, 100 days and 200 days
Market investors use supports and resistances to identify price points in the stock price action that may work as glass ceiling, containing the price of shares to move in certain direction. Supports are levels where the price tends to stop as it falls. Price is more likely to "bounce off" this level rather than break through it. However, if the price breaks down this level, it is likely to continue descending until finding another support level. In contrast, resistances are where the price tends to find opposition as it moves up. Likewise, this means that the price is more likely to "bounce off" at this level, and if it finally breaches this level, it will climb more easily until it meets the next resistance
The current resistance levels are:
The current support levels are:
This is an indicator that was created in the 1980s by John Bollinger. Basically, the Bollinger Bands are lines that run around a moving average, varying the distance from the bottom to the top depending on market volatility. They are usually plotted by an interval of two standard deviations, above and below, from a moving average line. Bollinger himself recommends the moving average period to be 20
The RSI (Relative Strength Index) is an oscillator-type indicator that gauges price changes to reveal when the price of a share or financial asset is overbought or oversold. Oscillator indicators, such as relative strength, are intended to indicate values in the range of 0-100. The relative strength indicator is one of the best known and most widely used indicators, and it was invented by J. Welles Wilder in the late 1970s
The RSI dropped below the overbought level of 70 in early September after just crossing to the overbough zone for a single day (weak signal). The RSI reading yesterday was 43.9. Since that level was lost, At Home shares tanked a 39.01%
In early September, At Home had the quarterly financial event and presented the Q3 report. At Home reported third-quarter earnings of $1.41 per share on revenue of $515.2 million. The market estimate was $1.31 per share on revenue of $347.8 million.
In comparison, the EPS for the same quarter last year was $0.18, so reported EPS means a gain of 683.33%. Revenue exploded a 50.51% on an annualized basis in the Q3, from $342.3M to $515.2M last quarter. At Home posted 3 year over year quarterly positive results, rising turnover by 141.95% from $213.0M on 2017-Q4.
At Home posts Q4 earnings report next December. Market analysts analysts forecast a per-share earnings of %s of $0.35, that is a 75.18% less than previous quarter. If you hold or you are thinking of buying At Home stock, be aware that the earnings reporting day usually has a very high volatility, and price can gap up or down with exceptionally low liquidity and not honouring your buy/stop-loss orders. It's always good to review company's website to confirm time and details on the earnings call and the earnings report.