January 01, 2025, 15:12 pm ET, BY James G. - Contributor |
Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HD
- Buy HD near 369.85 target 400.14 stop loss @ 368.78 Details
The technical summary data tells us to buy HD near 369.85 with an upside target of 400.14. This data also tells us to set a stop loss @ 368.78 to protect against excessive loss in case the stock begins to move against the trade. 369.85 is the first level of support below 388.99 , and by rule, any test of support is a buy signal. In this case, support 369.85 would be being tested, so a buy signal would exist.
- Short HD slightly under 400.14, target 369.85, stop loss @ 401.3 Details
The technical summary data is suggesting a short of HD as it gets near 400.14 with a downside target of 369.85. We should have a stop loss in place at 401.3though. 400.14 is the first level of resistance above 388.99, and by rule, any test of resistance is a short signal. In this case, if resistance 400.14 is being tested, so a short signal would exist.
Swing Trading Plans for HD
- Buy HD slightly over 390.5, target 400.14, Stop Loss @ 389.37 Details
If 390.5 begins to break higher, the technical summary data tells us to buy HD just slightly over 390.5, with an upside target of 400.14. The data also tells us to set a stop loss @ 389.37 in case the stock turns against the trade. 390.5 is the first level of resistance above 388.99, and by rule, any break above resistance is a buy signal. In this case, 390.5, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HD slightly near 390.5, target 377.48, Stop Loss @ 391.63. Details
The technical summary data is suggesting a short of HD if it tests 390.5 with a downside target of 377.48. We should have a stop loss in place at 391.63 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 390.5, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Day Trading Plans for HD
- Buy HD slightly over 389.41, target 390.5, Stop Loss @ 388.5 Details
If 389.41 begins to break higher, the technical summary data tells us to buy HD just slightly over 389.41, with an upside target of 390.5. The data also tells us to set a stop loss @ 388.5 in case the stock turns against the trade. 389.41 is the first level of resistance above 388.99, and by rule, any break above resistance is a buy signal. In this case, 389.41, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.
- Short HD slightly near 389.41, target 377.48, Stop Loss @ 390.32. Details
The technical summary data is suggesting a short of HD if it tests 389.41 with a downside target of 377.48. We should have a stop loss in place at 390.32 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 389.41, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.
Check the time stamp on this data. Updated AI-Generated Signals for Home Depot Inc. (the) (HD) available here: HD.
HD Ratings for January 01:
Term → | Near |
Mid |
Long |
Rating |
Neutral |
Weak |
Strong |
P1 |
0 |
0 |
369.85 |
P2 |
389.41 |
377.48 |
400.14 |
P3 |
394.06 |
390.5 |
429.99 |
AI Generated Signals for HD
Blue = Current Price
Red = Resistance
Green = Support
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