Where are the Opportunities in (HD)

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:

AI Generated Signals for HD

Real Time Updates for Repeat Institutional Readers:

• Factset: Request User/Pass
• Bloomberg, Reuters, Refinitiv, Zacks, or IB users: Access Here.

Instructions:

• Click the Get Real Time Updates button below.

• In the login prompt, select forgot username

• Type the email you use for Factset

• Use the user/pass you receive to login

• You will have 24/7 access to real time updates.

From then on you can just click to get the real time update whenever you want.

GET REAL TIME UPDATES

Market Crash Leading Indicator

Our Market Crash Leading Indicator isEvitar Corte.

• Evitar Corte warned of market crash risk four times since 2000.

• It identified the Internet Debacle before it happened.

• It identified the Credit Crisis before it happened.

• It identified the Corona Crash too.

• See what Evitar Corte is Saying Now.

Get Notified When our Ratings Change:Take a Trial

This report was produced using AI developed by Stock Traders Daily.  Over the past 20 years this proprietary AI has been refined to help identify the most opportune trading strategies for both individual stocks and the stock markets themselves.  This methodology is also applied to Index options, ETFs, and futures.  The objective of this specific report is to optimize trading in Home Depot Inc. (the) (NYSE: HD) while incorporating prudent risk controls.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for HD change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

Subscribers also receive market analysis, stock correlation tools, macroeconomic observations, timing tools, and protection from market crashes using Evitar Corte.  

Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if HD is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for HD too.  All of these are offered below the Summary Table.