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Home Depot Stock Forecast - Simple Moving Average

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HD -- USA Stock  

Earnings Report: May 19, 2020  

Investors can use this prediction interface to forecast Home Depot historic stock prices and determine the direction of Home Depot future trends based on various well-known forecasting models. However, looking at historical price movement exclusively is usually misleading. Macroaxis recommends to always use this module together with analysis of Home Depot historical fundamentals such as revenue growth or operating cash flow patterns. Although naive historical forecasting may sometimes provide an important future outlook for the firm we recommend to always cross-verify it against solid analysis of Home Depot systematic risks associated with finding meaningful patterns of Home Depot fundamentals over time. Please check Historical Fundamental Analysis of Home Depot to cross-verify your projections.
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A two period moving average forecast for Home Depot is based on an daily price series in which the stock price on a given day is replaced by the mean of that price and the preceding price. This model is best suited to price patterns experiencing average volatility.
Given 30 days horizon, the value of Home Depot on the next trading day is expected to be 241.36

Home Depot Stock Forecast Pattern

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Home Depot Forecasted Value

Market Value
245.34
February 26, 2020
238.51
Downside
241.36
Expected Value
244.21
Upside

Model Predictive Factors

AICAkaike Information Criteria118.3306
BiasArithmetic mean of the errors -0.5337
MADMean absolute deviation2.2022
MAPEMean absolute percentage error0.0097
SAESum of the absolute errors132.13
The simple moving average model is conceptually a linear regression of the current value of Home Depot price series against current and previous (unobserved) value of Home Depot. In time series analysis, the simple moving-average model is a very common approach for modeling univariate price series models including forecasting stock prices into the future

Volatility Measures

Home Depot Risk Indicators

Current Sentiment - HD

Home Depot Investor Sentiment

Nearly all of Macroaxis users are currently bullish on Home Depot. What is your judgment towards investing in Home Depot? Are you bullish or bearish?
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98% Bullish
2% Bearish
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Please check Historical Fundamental Analysis of Home Depot to cross-verify your projections. Please also try Theme Ratings module to determine theme ratings based on digital equity recommendations. macroaxis theme ratings are based on combination of fundamental analysis and risk-adjusted market performance.