Trading Signals: HD Stock Price Prediction and Forecast

^ HD: Intraday Hourly Forecast Similar Waves GapOpen Research Timing Gains Losses Strategies Practice

Wed. Dec. 6, 2023

Trading Signals: HD Stock Price Prediction and Forecast (Fri. Mar. 14, 2014 - Fri. Dec. 22, 2023)

(Home Depot)
HD latest price $326.1100 (0.81%) ($324.2100 - $328.3100) on Wed. Dec. 6, 2023.

Trend Analysis and Forecast

Average Daily Percentage Swing   1.3% (three month average)
RSI   75
Latest Price   $326.1100(0.81%)
Stocks Behave Similarly   Similar Stock List
Daily Trend   HD advances 1% a day on average for past five trading days.
Weekly Trend   HD advances 2.4% a week on average for past two weeks.
Market Behavior   Growth stock sell-off for large cap. Normal for small cap.
Correlated ETFs   Broad market will support HD advance at 0% a week (0% probability)
TAN(84%)    XLRE(80%)    ACES(74%)    VYM(74%)    IFRA(71%)
Factors Impacting HD price   HD will decline at least -0.65% in a week (0% probabilities).
TBT(-35%)    VIXM(-26%)    GLD(-12%)    VXX(-11%)    QQQ(-5%)
Explanation The rally is not sustainable and not supported by the broad market.

Relative Volatility (options are extremely cheap)

Market Trend Strength   -0.65% (StdDev 1.3%)
Hourly BBV 0.9 ()
Intraday Trend 0.3%

5 Day Moving Average   $321.42(1.46%)
10 Day Moving Average   $316.59(3.01%)
20 Day Moving Average   $308.87(5.58%)
To recent high   -1.1%
To recent low   18%
Market Cap   $358.721b

Home Depot, Inc. is a home improvement retailer, which engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products, and decor products. It offers home improvement installation services and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978 and is headquartered at Atlanta, GA.

$. HD price fluctuates within 3.47% (three month std-dev: 1.3%) daily (68% of days).

Sample size 50 Average positive next day return: 0.63%(40%) Average negative next day return: -1.29%(60%) Sample size 50 Average positive next three day return: 2.16%(34%) Average negative next three day return: -2.22%(66%) Sample size 50 Average positive next weekly return: 2.92%(38%) Average negative next weekly return: -3.47%(62%)

Analysis News Options Weekly Chart Daily Chart 2 Month Daily Chart

> 20240106

i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD
1	Dec_6_2023	311.45	308.87	316.59	321.42	321.74	324.13	326.11(0.81%)	UT	OpenLong	75	0.4	171	50	169	178	3.03	52%	0.03	68.9	1.3%	0.9	1.6	75	1.2
2	Dec_5_2023	311.35	307.27	314.5	318.41	318.29	322.18	323.5(-0.28%)	UD	OpenLong	75	0.5	172	80	176	161	3.27	50%	0.02	68.4	1.3%	0.7	1.6	77	1.3
3	Dec_4_2023	311.28	305.79	312.92	316.37	315.83	319.35	324.4(1.5%)	UT	HoldLong	65	0.8	246	70	259	206	2.82	50%	0.03	72.7	1.31%	1.2	1.9	87	1.4
4	Dec_1_2023	311.2	304.29	311.12	313.68	313.34	314.39	319.62(1.96%)	UT	HoldLong	65	0.7	128	20	120	152	3.61	48%	0.02	81.4	1.31%	1.9	1.7	79	1.3
5	Nov_30_2023	311.15	303	309.74	311.89	311.93	312.3	313.49(0.79%)	UT	HoldLong	65	0.2	45	10	18	127	4.49	46%	-0.01	90.7	1.28%	-0.1	1.2	78	1.4

6	Nov_29_2023	311.19	301.67	309.17	311.04	311.38	312.29	311.02(-0.74%)	UD	OpenLong	75	-0	85	20	60	158	3.08	46%	-0.01	89.3	1.27%	-1	1.1	64	1.3
7	Nov_28_2023	311.22	300.39	308.47	309.9	310.31	311.56	313.34(0.78%)	UT	OpenLong	75	0.4	111	30	90	175	3.12	46%	0.01	83.2	1.28%	1.3	1.4	67	1.5
8	Nov_27_2023	311.19	298.81	306.08	308.87	308.5	310.48	310.92(0.07%)	UT	OpenLong	75	0.2	98	40	79	156	2.99	46%	0.03	76.8	1.28%	0.8	1.3	66	1.3
9	Nov_24_2023	311.1	297.13	304.22	308.14	307.66	309.06	310.7(0.49%)	UT	OpenLong	75	0.3	129	30	117	163	1.26	46%	0.03	65.8	1.28%	0	1.3	65	1.4
10	Nov_22_2023	311.01	295.51	302.02	307.29	307.06	306.53	309.2(1.26%)	UT	OpenLong	75	0.2	46	-10	24	111	2.87	46%	-0.01	57.6	1.28%	1.1	1.3	65	1.2

11	Nov_21_2023	311.03	294.09	300.65	307.09	306.54	306.26	305.34(-0.92%)	N/A	N/A	0	-0.2	-22	-10	-60	93	2.98	46%	-0.02	55.4	1.27%	-0.9	1.1	69	1.3
12	Nov_20_2023	311.08	292.97	299.59	306.74	306.95	307.59	308.19(0.3%)	UT	OpenLong	75	0.1	97	20	75	162	3.46	46%	-0.01	50.3	1.27%	2.1	1.5	73	1.4
13	Nov_17_2023	311.1	291.76	298.16	302.72	305.95	306.82	307.27(0.27%)	UT	OpenLong	75	0.5	157	50	150	177	2.77	44%	-0	35.8	1.27%	0.6	1.7	75	1.5
14	Nov_16_2023	311.11	290.65	296.9	299.58	301.14	306.31	306.44(-0.57%)	UD	OpenLong	75	0.8	168	140	163	184	3.11	44%	0	25.8	1.28%	-0.6	1.8	77	1.5
15	Nov_15_2023	311.11	289.59	295.62	295.87	297.05	305.08	308.19(1.5%)	UT	HoldLong	65	1.6	424	200	465	299	3.99	44%	-0.02	11.6	1.28%	0.9	2.4	76	1.6

16	Nov_14_2023	311.17	288.58	293.39	293.42	292.95	295.97	303.63(5.4%)	UT	OpenLong	75	1.5	306	70	330	234	7.95	42%	-0.01	-2.2	1.27%	1.2	2.2	70	1.5
17	Nov_13_2023	311.21	288.06	291.46	291.64	290.97	289.03	288.07(-1.21%)	CR	SmallShort	-20	-0.6	-55	-50	-96	69	4.57	33%	-0.04	-12.7	1.07%	-1.1	0	57	1.4
18	Nov_10_2023	311.34	288.48	290.94	292.94	292.59	289.93	291.59(1.29%)	N/A	N/A	0	-0.2	-124	-70	-181	47	3.65	34%	-0.03	-5.6	1.06%	-0.2	0.5	58	1.4
19	Nov_9_2023	311.44	288.46	289.56	293.75	293.83	292.91	287.87(-2.72%)	CR	SmallShort	-20	-0.9	-107	-20	-160	51	4.06	31%	-0.04	-2.8	1.05%	-2	-0.1	52	0.9
20	Nov_8_2023	311.56	288.69	288.7	295.08	295.22	295.25	295.92(0.39%)	UT	OpenLong	75	0.1	84	0	63	148	2.45	34%	-0.02	4	1%	0.9	1.1	62	1.6

21	Nov_7_2023	311.62	288.71	287.18	293.22	294.38	294.74	294.77(0.07%)	UT	OpenLong	75	0.2	75	20	63	110	2.63	34%	-0.05	0	1%	-0.9	0.9	54	1.7
22	Nov_6_2023	311.79	288.84	285.97	291.21	292.01	295.18	294.57(-0.35%)	UD	OpenLong	75	0.5	144	80	158	101	2.89	34%	-0.02	-3.4	1.01%	-0.6	0.8	45	1.9
23	Nov_3_2023	311.85	288.82	284.92	288.59	289.22	294.02	295.61(0.37%)	UT	OpenLong	75	1	338	120	402	146	3.07	34%	-0.02	-17.7	1.01%	1	1	44	1.9
24	Nov_2_2023	311.92	288.62	283.85	284.76	285.2	288.84	294.53(2.76%)	UT	OpenLong	75	1.5	284	90	354	72	3.62	34%	-0.06	-40.4	1.01%	1.6	0.9	51	1.9
25	Nov_1_2023	312.1	288.43	282.91	281.45	281.44	284.42	286.63(0.68%)	RB	SmallLong	20	0.8	140	70	202	-48	2.75	27%		-63.1	0.95%	1.4	-0.3	40	1.6
i	Date	ema100	ema20	ema10	ema5	Slow Hourly Trend	Fast Hourly Trend	Close	Pattern	Trade	P	SMA5 BBV	WTF	lsma10 Trend	ema5 Trend	ema10 Trend	Volume millions	Quarterly Strength	100 Daily Trend	Daily Trend Force	Daily StdDev	Hourly BBV	BBV	RSI	VIXCD

Click to see actual return for next trading day.