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Takip Edin: @UscMarketsHD Stock Forecast & The Home Depot Chart Analysis
This article provides a detailed analysis of HD-The Home Depot stock including a forecast for HD shares. It features The Home Depot, Inc. technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
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HD Historical Data Review
HD Current Price Performance Analysis
The The Home Depot - HD stock traded on the American stock market, on 06-05-2024, closed at 330.26$ with a %0.61 increased compared to the previous day.
In the last month, the price of HD changed by %-3.51 decreased in value, from 342.29 dollars on 05-06-2024 to 330.26 dollars, decreased.
Last year, the price of HD was 296.0 dollars on 06-06-2023, and changed by %11.57 increased in value, to 330.26 dollars increased within a year.
The price of The Home Depot stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
HD with AI Stock Forecast & Price Target
On the HD chart The Home Depot price was recorded as 330.26 Dollars on 06/05/2024.
The artificial intelligence's forecast on HD stock is as follows.
The artificial intelligence's prediction error margin for HD stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for The Home Depot stock over the next 4 months is: 384.2 Dollars.
The commentary on HD stock Target Price: Highest: 411.946 Dollars is predicted.
The commentary on HD stock Target Price: Lowest: 337.398 Dollars is predicted.
Resistance Price where The Home Depot stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 06-25-2024 | 365.962 |
| 12-12-2024 | 411.946 |
| 02-10-2025 | 407.140 |
Support Price where The Home Depot stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-09-2024 | 337.398 |
| 01-21-2025 | 406.560 |
| 03-27-2025 | 387.940 |
The commentary on HD stock: The target price can generally be said to be on the rise.
The commentary on HD stock: Fluctuations in the target price can be expected in the coming days.
The target price for The Home Depot stock by the end of 2024 is predicted to be 411.507 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on HD stock, and the 2024 target price predictions for The Home Depot are detailed above.
The technical analysis and charts for the commentary on HD stock are below.
HD Support & Resistance and Trend Analysis
HD stock you have reviewed the technical analysis support resistance charts regarding.
HD : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the HD review, the The Home Depot support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
The Home Depot Support and Resistance Prices:
| HD Support Level Price | HD Resistance Level Price |
|---|---|
| 286.79 | 309.67 |
| 323.77 | 348.01 |
| 324.42 | 350.44 |
| 326.90 | 354.92 |
| 336.59 | 362.96 |
| 347.07 | 374.25 |
| 353.88 | 385.10 |
| 368.87 | 396.87 |
HD Technical Analysis: SMA, RSI, MACD
Upon reviewing the HD chart, buy and sell signals have been generated in the The Home Depot technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for HD stock are as follows:- HD technical analysis indicates that the 14-period RSI has most recently generated a 'Buy' signal.
- The technical analysis for The Home Depot gave a 'Buy' signal when the RSI was at 27.757, with the current RSI value at 31.947.
- The technical analysis for HD indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Buy' signal.
- The technical analysis for The Home Depot issued a 'Buy' signal when the MACD was at -4.18, with the current MACD value being: -4.18
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for The Home Depot stock: Click here to read more predictions on The Procter & stock.
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