When (HD) Moves Investors should Listen
August 08, 2024, 18:40 pm ET, BY Chris- Contributor| Editor: Thomas H. Kee Jr. (Follow on LinkedIn)
Longer Term Trading Plans for HD
- Buy HD slightly over 331.21 target 362.28 stop loss @ 330.25 Details
The technical summary data tells us to buy HD near 331.21 with an upside target of 362.28. This data also tells us to set a stop loss @ 330.25 to protect against excessive loss in case the stock begins to move against the trade. 331.21 is the first level of support below 346.754 , and by rule, any test of support is a buy signal. In this case, support 331.21 would be being tested, so a buy signal would exist.
- Short HD slightly under 362.28, target 331.21, stop loss @ 363.33 Details
The technical summary data is suggesting a short of HD as it gets near 362.28 with a downside target of 331.21. We should have a stop loss in place at 363.33though. 362.28 is the first level of resistance above 346.754, and by rule, any test of resistance is a short signal. In this case, if resistance 362.28 is being tested, so a short signal would exist.
Swing Trading Plans for HD
- Buy HD slightly over 356.88, target 362.28, Stop Loss @ 355.85 Details
If 356.88 begins to break higher, the technical summary data tells us to buy HD just slightly over 356.88, with an upside target of 362.28. The data also tells us to set a stop loss @ 355.85 in case the stock turns against the trade. 356.88 is the first level of resistance above 346.754, and by rule, any break above resistance is a buy signal. In this case, 356.88, 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 356.88, target 343.67, Stop Loss @ 357.91. Details
The technical summary data is suggesting a short of HD if it tests 356.88 with a downside target of 343.67. We should have a stop loss in place at 357.91 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, 356.88, 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 351.62, target 356.88, Stop Loss @ 350.8 Details
If 351.62 begins to break higher, the technical summary data tells us to buy HD just slightly over 351.62, with an upside target of 356.88. The data also tells us to set a stop loss @ 350.8 in case the stock turns against the trade. 351.62 is the first level of resistance above 346.754, and by rule, any break above resistance is a buy signal. In this case, 351.62, 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 351.62, target 344.14, Stop Loss @ 352.44. Details
The technical summary data is suggesting a short of HD if it tests 351.62 with a downside target of 344.14. We should have a stop loss in place at 352.44 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, 351.62, 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 August 08:
Term → | Near |
Mid |
Long |
Rating |
Weak |
Weak |
Strong |
P1 |
0 |
0 |
331.21 |
P2 |
344.14 |
343.67 |
362.28 |
P3 |
351.62 |
356.88 |
393.12 |
AI Generated Signals for HD
Blue = Current Price
Red= Resistance
Green = Support
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How do we know what is going on #behindthescenes of a company? According to Stock Traders Daily, a 20-year #financialindustry innovator, the best way to do this to to watch the price action in the stock. The Home Depot Inc. (the) (NYSE: HD) report below is a real world example. Included are trading plans for HD, but this report is static. If you want an update, or a different stock, please get one here Unlimited Real Time Reports.
Fundamental Charts for HD: