Solid News

The Home Depot Inc. Market Update

8/30/2022 3:30 PM

The stocks of The Home Depot Inc., the world's largest home improvement company, correct at 296.00.

Against a positive quarterly report, the quotes tried to consolidate in an uptrend but to no avail. The corporation achieved a 5.8% increase in like-for-like sales, boosting revenue to 43.79B dollars, an all-time high. Earnings per share were 5.05 dollars, beating the consensus estimate of 4.95 dollars. As company chairman Ted Decker commented on the performance, more than half of the US housing stock is made up of houses over 40 years old that need to be renewed, which will help The Home Depot Inc.'s financial performance in the future.

The next quarterly dividend payment is scheduled for September 15, when shareholders receive 1.9 dollars per share. The register will be closed after the end of trading tomorrow, and potential investors still have the opportunity to claim a yield of 2.56% per annum.


The trading instrument is being corrected within a global downtrend, and at the moment, the price is at the stage of implementing a local Flag pattern, which may provoke a further decline. Technical indicators are ready to reverse and issue a new sell signal: fast EMAs on the Alligator indicator actively approach the signal line, and the AO oscillator histogram forms downward bars below the transition level.

Resistance levels: 305.00, 327.00. | Support levels: 291.00, 266.00.



Find Us
First Floor, First St Vincent Bank LTD Building James Street Kingstown St Vincent and the Grenadines
Call Us
+1 415 367 3742


Solid ECN Securities is an international brand formed and authorized in Saint Vincent and the Grenadines with the registration number 1390 LLC 2021 committed to offering the best possible trading experience. Disclosure: Please note that foreign exchange and other leveraged trading involve a significant risk of loss. It is not fit for all investors and you should make sure you realize the risks involved, seeking independent advice if necessary.
Solid ECN Securities and it affiliates don't accept applications from Indonesia, Egypt, Australia, Bonaire, CuraƧao, East Timor, Liberia, Saipan, Russia, Sint Eustatius, Tahiti, Turkey, Guinea-Bissau, South Sudan and other restricted countries.
Copyright All Right Reserved 2022 SolidECN.com