Home Depot, Inc. | HD

Daily Technical Analysis of Home Depot, Inc.

Home Depot is up a bit on the day, funds flowing in kept the price up 1.26% since yesterday.

Home Depot doesn't seem to be at a very clear reversal point in either direction. Home Depot has been drifting up over the last few months, we'll see if it has the energy to keep moving in the right direction. HD might find some support at the 354 level, buyers might push the price back up from here. But it's not very clear what will happen.

Last analyzed on 2024-11-13

Analyst Ratings for Home Depot By Price Target And Rating

The analysts feel fairly neutral on the prospects for Home Depot but a little more positive than negative. The current Analysts Sentiment Score is 21.93. Most companies range between (-200 to 200).

Here's a break down of the latest rating changes. On 2024-05-07 Citigroup lowered their price target by -4.82% to $395.00. Telsey Advisory Group reiterated a rating of Market Perform on 2024-05-07 and they lowered their price target by 0% to $360.00 from a previous target of $360.00. On 2024-04-17 there was confirmation of the previous rating by Truist Financial which was Buy and added a price target of $417.00. Evercore ISI provided a price target decease of -1.19% to $415.00 from $420.00 on 2024-04-16. Guggenheim reiterated a rating of Buy on 2024-04-05 and they set their price target at $390.00. HSBC announced that they are reiterating a rating of Reduce on 2024-04-03 and added a price target of $323.00. Zelman & Associates upgraded from Neutral to Outperform on 2024-04-02. DA Davidson reiterated a rating of Neutral on 2024-04-01 and they set their price target at $370.00. Bank of America gave a boost to their price target and moved to $425.00 from $400.00 on 2024-04-01. Wedbush provided a price target boost of 7.89% to $410.00 from $380.00 on 2024-04-01.

Company	Ratings Score ? Composite analyst sentiment score	Positive Ratings	Negative Ratings	Boost Price Target	Lower Price Target
HD	21.93	40.77	-10.96	17.57	-3.53

Earnings Per Share (EPS) Estimates By Year and Quarter

(updated 2024-04-16)

Company	YOY Growth Score (typical -20 to +20)	Revision Directions (-6 to +6)
HD	0.00	0.00

Short interest for Home Depot

We take into account several different measures of short interest to create a composite score. These measures are shown in the chart below. Short selling is when investors are betting against a stock. We compile these factors to create a dynamic Short Score - this can indicate poor sentiment, internal problems with a company or industry and the anticipation of future price declines. We look at the short interest percent, days to cover, the rate of change and total shares sold short.

Company	Short Score (typical 1-15) ? We take into account several different measures and attributes of short interest to create a composite sentiment score. typical range (0 - 30)	Short Interest	Days to Cover	Rate of Change	Shares Short
HD	2.01	%0.9	3.2	-3.762	9150000

How Home Depot compares to the broader Consumer Cyclical sector and the more specific Retail - Apparel & Specialty industry

Segment	Count	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Demark Sell ? Demark 9 indicators are designed to look for exhaustion in the selling or buying trend which can often be predictive of a reversal point. This indicator is triggered when there are 9 consecutive days where the closing price is higher/lower than the closing price 4 days ago. Like all indicators, it is best used in combinations with other factors.	Demark Buy	Short Interest	Analysts Ratings ? We track several different measures of analyst sentiment including ratings and price targets. To create a composite Analyst Sentiment Score, we weight several factors such as the recent rate of change which can be more predictive than the absolute level. We also weight each analyst's opinion based on their historic accuracy. We built in a time decay function to ensure that the rating reflects the current sentiment levels. Typical range (-80 to +80)
Retail - Apparel & Specialty Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	60	0.10	-1.12	2.15	4.81	4.08	22.72	57.83	5.39	1.49	5.98	-7583.98	-12479.79	12.08	2.08	7.53	5.35
Consumer Cyclical Show Me Companies With: S-Momentum: Highest \| Lowest At Bottom Support At Top Resistance RSI Highest \| Lowest 1 Day Growth: Highest \| Lowest 5 Day Growth: Highest \| Lowest 1 Month Growth: Highest \| Lowest 6 Month Growth: Highest \| Lowest List All Stocks	279	0.14	-1.67	2.98	3.80	9.10	21.02	59.31	23.32	10.37	11.93	-9125.63	-14498.22	15.86	1.97	5.92	3.60

Social Sentiment for Home Depot

Social Sentiment is an aggregation of several different factors such as news, articles, blogs, user content, ratings, etc. Which is shown in the chart below. It may become predictive of a reversal if price and the sentiment diverge. Broader market forces may push prices up or down but if market participants maintain a different view on a specific stock, it may be taken as an opportunity to buy or sell in those cases.

Ticker	Social Sentiment(1-10)
HD

Companies with the highest correlation to Home Depot

Company	Score	1 Day%	5 Day	1 Month	3 Month	6 Month	1 Year	RSI	3mo S-momo ? Smooth Momentum is our proprietary technical indicator that looks for momentum with the greatest consistency and steady velocity. We have penalized dramatic swings and fluctuations. If the momentum is too high and an asset spikes upward, this is often unreliable and collapses back down. But the smoothed momentum provides the highest probability of continuing into the near future with the same directional rate of change. Several complex factors are weighted by neural nets to maximize probabilistic accuracy. It works the same with positive or negative directions.	6mo S-momo	1yr S-momo	Resistance ? Support and Resistance levels are determined by previous high and low points. You may be familiar with traders drawing lines across charts where several peaks or valleys occur in the same range. This helps us understand the trading range of an asset where the market doesn't perceive it to be worth more or less than a certain price level. When it nears the boundaries of this range the probability of reversal can increase. Our neural nets create scores for this measure based on many factors such as the frequency, recency, size, consistency, etc of previous reversal points.	Support	Short Interest Score
LOW \| Lowe's Companies Inc.	1.85	0.30	-2.07	-1.43	6.91	22.59	32.92	65	77.08	41.72	56.15	-530.34	-19579.71	2.3534
COST \| Costco Wholesale Corp	1.08	0.71	2.53	4.87	5.42	15.43	58.66	81	54.91	70.90	96.05	-175.00	-42156.95	2.16355
MAS \| Masco Corporation	0.99	0.61	-1.20	-4.65	-1.75	12.13	30.70	37	39.68	26.73	42.95	-2081.35	168.38	3.60846
SWK \| Stanley Black & Decker, I	0.97	-1.03	-0.47	-16.98	-14.73	-0.67	-4.30	15	0.21	3.86	10.58	-10018.70	-511.31	3.33326
CPRT \| Copart Inc	0.95	0.56	-2.11	7.77	6.35	3.17	9.51	97	4.62	5.22	10.88	161.85	-23067.60	1.66905
BLD \| TopBuild Corp. Common Sto	0.95	0.29	-3.34	-5.56	-10.34	-12.56	19.38	40	-7.29	-4.61	-4.30	-7911.28	-181.68	3.61868
DOV \| Dover Corporation	0.92	0.25	-1.27	6.23	8.54	7.85	43.36	77	62.48	33.25	57.24	0.00	-32454.70	1.82941
POOL \| Pool Corporation	0.89	1.29	1.73	-0.10	4.22	0.88	2.63	41	1.98	1.35	-0.47	-1161.95	-4320.83	11.6559

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