Home Depot Stock Technical Analysis

HD
 Stock
  

USD 320.08  0.30  0.09%   

As of the 6th of December, Home Depot retains the Market Risk Adjusted Performance of 0.1408, downside deviation of 2.02, and Risk Adjusted Performance of 0.1155. Home Depot technical analysis makes it possible for you to employ historical prices and volume momentum with the intention to determine a pattern that calculates the direction of the firm's future prices. Simply put, you can use this information to find out if the firm will indeed mirror its model of historical price patterns, or the prices will eventually revert. We were able to break down nineteen technical drivers for Home Depot, which can be compared to its competitors. Please check out Home Depot maximum drawdown, and the relationship between the information ratio and downside variance to decide if Home Depot is priced fairly, providing market reflects its last-minute price of 320.08 per share. Given that Home Depot has jensen alpha of 0.0702, we strongly advise you to confirm Home Depot's regular market performance to make sure the company can sustain itself at a future point.
  

Home Depot Momentum Analysis

Momentum indicators are widely used technical indicators which help to measure the pace at which the price of specific equity, such as Home Depot, fluctuates. Many momentum indicators also complement each other and can be helpful when the market is rising or falling as compared to Home Depot
Home Depot's Momentum analyses are specifically helpful, as they help investors time the market using mark points where the market can reverse. The reversal spots are usually identified through divergence between price movement and momentum.

Home Depot Analyst Consensus

Target PriceAdvice# of Analysts
409.58Buy19Odds
Home Depot current and past analyst recommendations published by a number of research institutions as well as average analyst consensus.
Most Home Depot analysts issue ratings four times a year, at intervals of three months. Ratings are usually accompanied by a target price to helps potential investors understand Home Depot stock's fair price compared to its market value. Analysts arrive at stock ratings after researching public financial statements of Home Depot, talking to its executives and customers, or listening to Home Depot conference calls.
Home Depot Analyst Advice Details
Home Depot technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Home Depot technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Home Depot trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Home Depot Technical Analysis

Indicator
Time Period
Execute Indicator
The output start index for this execution was twenty with a total number of output elements of fourty-one. The Average True Range was developed by J. Welles Wilder in 1970s. It is one of components of the Welles Wilder Directional Movement indicators. The ATR is a measure of Home Depot volatility. High ATR values indicate high volatility, and low values indicate low volatility.
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Home Depot Trend Analysis

Use this graph to draw trend lines for Home Depot. You can use it to identify possible trend reversals for Home Depot as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Home Depot price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.

Home Depot Best Fit Change Line

The following chart estimates an ordinary least squares regression model for Home Depot applied against its price change over selected period. The best fit line has a slop of   0.89  , which suggests that Home Depot will keep on generating value for investors. It has 122 observation points and a regression sum of squares at 30069.15, which is the sum of squared deviations for the predicted Home Depot price change compared to its average price change.

About Home Depot Technical Analysis

The technical analysis module can be used to analyzes prices, returns, volume, basic money flow, and other market information and help investors to determine the real value of Home Depot on a daily or weekly bases. We use both bottom-up as well as top-down valuation methodologies to arrive at the intrinsic value of Home Depot based on its technical analysis. In general, a bottom-up approach, as applied to this company, focuses on Home Depot price pattern first instead of the macroeconomic environment surrounding Home Depot. By analyzing Home Depot's financials, daily price indicators, and related drivers such as dividends, momentum ratios, and various types of growth rates, we attempt to find the most accurate representation of Home Depot's intrinsic value. As compared to a bottom-up approach, our top-down model examines the macroeconomic factors that affect the industry/economy before zooming in to Home Depot specific price patterns or momentum indicators. Please read more on our technical analysis page.
 2015 2022 (projected)
Long Term Debt to Equity16.6910.54
Interest Coverage14.0516.71

Home Depot December 6, 2022 Technical Indicators

Most technical analysis of Home Depot help investors determine whether a current trend will continue and, if not, when it will shift. We provide a combination of tools to recognize potential entry and exit points for Home Depot from various momentum indicators to cycle indicators. When you analyze Home Depot charts, please remember that the event formation may indicate an entry point for a short seller, and look at different other indicators across different periods to confirm that a breakdown or reversion is likely to occur.

Home Depot December 6, 2022 Daily Trend Indicators

Traders often use several different daily volumes and price technical indicators to supplement a more traditional technical analysis when analyzing securities such as Home Depot stock. With literally thousands of different options, investors must choose the best indicators for them and familiarize themselves with how they work. We suggest combining traditional momentum indicators with more near-term forms of technical analysis such as Accumulation Distribution or Daily Balance Of Power. With their quantitative nature, daily value technical indicators can also be incorporated into your automated trading systems.
Please check Risk vs Return Analysis. Note that the Home Depot information on this page should be used as a complementary analysis to other Home Depot's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try Portfolio Anywhere module to track or share privately all of your investments from the convenience of any device.

Complementary Tools for Home Depot Stock analysis

When running Home Depot price analysis, check to measure Home Depot's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Home Depot is operating at the current time. Most of Home Depot's value examination focuses on studying past and present price action to predict the probability of Home Depot's future price movements. You can analyze the entity against its peers and financial market as a whole to determine factors that move Home Depot's price. Additionally, you may evaluate how the addition of Home Depot to your portfolios can decrease your overall portfolio volatility.
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Is Home Depot's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Home Depot. If investors know Home Depot will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Home Depot listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Quarterly Earnings Growth YOY
0.082
Market Capitalization
326.2 B
Quarterly Revenue Growth YOY
0.056
Return On Assets
0.2
Return On Equity
0.15
The market value of Home Depot is measured differently than its book value, which is the value of Home Depot that is recorded on the company's balance sheet. Investors also form their own opinion of Home Depot's value that differs from its market value or its book value, called intrinsic value, which is Home Depot's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Home Depot's market value can be influenced by many factors that don't directly affect Home Depot's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Home Depot's value and its price as these two are different measures arrived at by different means. Investors typically determine Home Depot value by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Home Depot's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.