Home Depot Stock Forecast - Price Action Indicator
| HDI Stock | EUR 311.00 1.90 0.61% |
Home Stock Forecast is based on your current time horizon. Investors can use this forecasting interface to forecast Home Depot stock prices and determine the direction of The Home Depot's future trends based on various well-known forecasting models. We recommend always using this module together with an analysis of Home Depot's historical fundamentals, such as revenue growth or operating cash flow patterns.
Check out Historical Fundamental Analysis of Home Depot to cross-verify your projections. For more detail on how to invest in Home Stock please use our How to Invest in Home Depot guide.Home |
Most investors in Home Depot cannot accurately predict what will happen the next trading day because, historically, stock markets tend to be unpredictable and even illogical. Modeling turbulent structures requires applying different statistical methods, techniques, and algorithms to find hidden data structures or patterns within the Home Depot's time series price data and predict how it will affect future prices. One of these methodologies is forecasting, which interprets Home Depot's price structures and extracts relationships that further increase the generated results' accuracy.
Price Action indicator evaluates an asset for a given trading period using the following formula: ((close - open) + (close - high) + (close - low)) / 2. This indicator is consistent with the interpretation of Japanese candlestick patterns.| Check Home Depot Volatility | Backtest Home Depot | Information Ratio |
Home Depot Trading Date Momentum
| On April 28 2024 The Home Depot was traded for 311.00 at the closing time. The highest daily price throughout the period was 311.85 and the lowest price was 309.25 . There was no trading activity during the period 0.0. Lack of trading volume on 04/28/2024 did not result in any price rise and fall. The trading price change to current closing price is 0.40% . |
Price Action Indicator (or PAIN) was developed by Michael B. Geraty and published in 'Futures' magazine in August 1997.
| Compare Home Depot to competition |
Other Forecasting Options for Home Depot
For every potential investor in Home, whether a beginner or expert, Home Depot's price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Home Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Home. Basic forecasting techniques help filter out the noise by identifying Home Depot's price trends.Home Depot Related Equities
One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with Home Depot stock to make a market-neutral strategy. Peer analysis of Home Depot could also be used in its relative valuation, which is a method of valuing Home Depot by comparing valuation metrics with similar companies.
| Risk & Return | Correlation |
Home Depot Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Home Depot's price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Home Depot's current price.| Cycle Indicators | ||
| Math Operators | ||
| Math Transform | ||
| Momentum Indicators | ||
| Overlap Studies | ||
| Pattern Recognition | ||
| Price Transform | ||
| Statistic Functions | ||
| Volatility Indicators | ||
| Volume Indicators |
Home Depot Market Strength Events
Market strength indicators help investors to evaluate how Home Depot stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Home Depot shares will generate the highest return on investment. By undertsting and applying Home Depot stock market strength indicators, traders can identify The Home Depot entry and exit signals to maximize returns.
Home Depot Risk Indicators
The analysis of Home Depot's basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Home Depot's investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting home stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 0.9196 | |||
| Standard Deviation | 1.33 | |||
| Variance | 1.78 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Home Depot in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Home Depot's short interest history, or implied volatility extrapolated from Home Depot options trading.
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Try AI Portfolio ArchitectCheck out Historical Fundamental Analysis of Home Depot to cross-verify your projections. For more detail on how to invest in Home Stock please use our How to Invest in Home Depot guide.You can also try the Idea Analyzer module to analyze all characteristics, volatility and risk-adjusted return of Macroaxis ideas.
Complementary Tools for Home Stock analysis
When running Home Depot's 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 the 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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