Home Depot Momentum Indicators Average Directional Movement Index

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HD -- USA Stock  

Fiscal Quarter End: 31st of July 2020  

Home Depot momentum-indicators tool provides you with the Momentum Indicators execution environment for running Average Directional Movement Index indicator against Home Depot. Momentum indicators of Home Depot are pattern recognition functions that provide distinct formation on Home Depot potential trading signals or future price movement. Analysts can use these trading signals to identify current and future trends and trend reversals to provide buy and sell recommendations. Please specify Time Period to run this model.
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The output start index for this execution was twenty-three with a total number of output elements of thirty-eight. The average directional index (ADX) measures the strength of a prevailing trend of Home Depot and whether movement exists in the market. The ADX is measured on a scale of 0 to 100. A low Home Depot ADX value usually indicates a non-trending market with low volumes, whereas a cross above 20 may indicate the start of a trend. If the ADX is over 40 and begins to fall, it can indicate the slowdown of a current trend. This indicator can also be used to identify non-trending markets, or a deterioration of an ongoing trend. Although market direction is important in its calculation, the ADX is not a directional indicator View also all equity analysis or get more info about average directional movement index momentum indicators indicator.

Additional Technical Research

About Home Depot Predictive Technical Analysis

The Macroaxis Predictive Technical Analysis modules help investors to analyze different prices and returns patterns as well as diagnose historical swings to determine the real value of Home Depot. We use our internally-developed statistical techniques to arrive at the intrinsic value of Home Depot based on widely used predictive technical indicators. In general, we focus on analyzing Home Depot stock price patterns and their correlations with different microeconomic environment and drivers. We also apply predictive analytics to build Home Depot's daily price indicators and compare them against related drivers such as momentum indicators and various other types of predictive indicators. Using this methodology combined with a more conventional technical analysis and fundamental analysis, we attempt to find the most accurate representation of Home Depot's intrinsic value. In addition to deriving basic predictive indicators for Home Depot, we also check how macroeconomic factors affect Home Depot price patterns. Please read more on our technical analysis page or use our predictive modules below to complement your research.
Earnings
Estimates (14)
LowProjected EPSHigh
8.859.7410.49
Details
Hype
Prediction
LowEstimated ValueHigh
237.03241.97246.91
Details
Intrinsic
Valuation
LowReal ValueHigh
210.97215.91266.07
Details
Naive
Forecast
LowNext ValueHigh
247.09252.03256.97
Details
Analysts
Consensus (21)
LowTarget PriceHigh
215.00246.74274.00
Details

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