The Home Depot, Inc. : Expect the comeback of a strong trend
Entry price | Target | Stop-loss | Potential |
---|
$164.67 |
$169 |
$162.7 |
+2.63% |
---|
From a horizontal accumulation phase, the timing seems good to buy shares in Home Depot (The) and to get ahead of a break-out on the upside of the congestion area.
Summary● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.
● In a short-term perspective, the company has interesting fundamentals.
Strengths● The company returns high margins, thereby supporting business profitability.
● There is high visibility into the group's activities for the coming years. Outlooks on future revenues from analysts covering the equity remain similar. Such hardly dispersed estimates support highly predictable sales for the current and upcoming fiscal years.
● The group usually releases upbeat results with huge surprise rates.
● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.
● The stock is in a well-established, long-term rising trend above the technical support level at 146.65 USD
Weaknesses● Stock prices approach a strong long-term resistance in weekly data at USD 165.85.
● Technically, the stock approaches a strong medium-term resistance at USD 166.12.
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