When the Price of Home Depot $HD Talks, People Listen
September 23, 2023, 13:45 pm ET, BY Bill- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HD
- Buy HD slightly over 295.32 target 316.19 stop loss @ 294.47 Details
The technical summary data tells us to buy HD near 295.32 with an upside target of 316.19. This data also tells us to set a stop loss @ 294.47 to protect against excessive loss in case the stock begins to move against the trade. 295.32 is the first level of support below 305.73 , and by rule, any test of support is a buy signal. In this case, support 295.32 would be being tested, so a buy signal would exist.
- Short HD slightly under 316.19, target 295.32, stop loss @ 317.1 Details
The technical summary data is suggesting a short of HD as it gets near 316.19 with a downside target of 295.32. We should have a stop loss in place at 317.1though. 316.19 is the first level of resistance above 305.73, and by rule, any test of resistance is a short signal. In this case, if resistance 316.19 is being tested, so a short signal would exist.
Swing Trading Plans for HD
- Buy HD slightly over 308.41, target 316.19, Stop Loss @ 307.52 Details
If 308.41 begins to break higher, the technical summary data tells us to buy HD just slightly over 308.41, with an upside target of 316.19. The data also tells us to set a stop loss @ 307.52 in case the stock turns against the trade. 308.41 is the first level of resistance above 305.73, and by rule, any break above resistance is a buy signal. In this case, 308.41, 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 308.41, target 295.32, Stop Loss @ 309.3. Details
The technical summary data is suggesting a short of HD if it tests 308.41 with a downside target of 295.32. We should have a stop loss in place at 309.3 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, 308.41, 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.
Day Trading Plans for HD
- Buy HD slightly over 308.41, target 308.99, Stop Loss @ 307.69 Details
If 308.41 begins to break higher, the technical summary data tells us to buy HD just slightly over 308.41, with an upside target of 308.99. The data also tells us to set a stop loss @ 307.69 in case the stock turns against the trade. 308.41 is the first level of resistance above 305.73, and by rule, any break above resistance is a buy signal. In this case, 308.41, 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 308.41, target 305.31, Stop Loss @ 309.13. Details
The technical summary data is suggesting a short of HD if it tests 308.41 with a downside target of 305.31. We should have a stop loss in place at 309.13 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, 308.41, 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 (HD) available here: HD.
HD Ratings for September 23:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Neutral |
Neutral |
P1 |
0 |
0 |
295.32 |
P2 |
305.31 |
308.41 |
316.19 |
P3 |
308.99 |
316.45 |
337.52 |
AI Generated Signals for HD
Blue = Current Price
Red= Resistance
Green = Support
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This is not EF Hutton, but it could be more #powerful. A picture speaks a thousand words, they say, and the #priceaction of Home Depot (NYSE: HD) tells an important story. The movement tells us where investors perceive value, or the lack of it, and if we pay attention we can capture opportunity. The data below for HD can be used as an example, and demonstrate how to do this for other stocks too. This data was current at the time of publication, but it is not updated in real time here. If you want real time updates, or data on a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HD: