Sentiment uses short term technical analysis to gauge whether a stock is desired by investors. As a technical indicator, it focuses on recent trends as opposed to the long term health of the underlying company. Updates for the company such as a earnings release can move the stock away from current trends.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With HD Stock Today?
Home Depot Inc (HD) stock has fallen -1.14% while the S&P 500 has risen 0.34% as of 2:21 PM on Friday, Jun 9. HD is lower by -$3.44 from the previous closing price of $301.09 on volume of 2,002,020 shares. Over the past year the S&P 500 has gained 4.69% while HD has risen 0.04%. HD earned $16.42 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 18.15.
To see InvestorsObserver's Sentiment Score for Home Depot Inc click here.
More About Home Depot Inc
Home Depot is the world's largest home improvement specialty retailer, operating more than 2,300 warehouse-format stores offering more than 30,000 products in store and 1 million products online in the United States, Canada, and Mexico. Its stores offer numerous building materials, home improvement products, lawn and garden products, and decor products and provide various services, including home improvement installation services and tool and equipment rentals. The acquisition of distributor Interline Brands in 2015 allowed Home Depot to enter the maintenance, repair, and operations business, which has been expanded through the tie-up with HD Supply (2020). The addition of the Company Store brought textile exposure to Home Depot's lineup.
Click Here to get the full Stock Report for Home Depot Inc stock.
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