These 2 Stocks May Look And Feel Red Hot Right Now: The Home Depot, Inc. (HD), CenturyLink, Inc. (CTL)

The first technical resistance point for The Home Depot, Inc. (NYSE:HD) will likely come at $177.85, marking a 1.06% premium to the current level. The second resistance point is at $179.74, about 2.1% premium to its current market price. On the other hand, inability to breach the immediate hurdles can drag it down to $168.57, the lower end of the range. HD’s 14-day MACD is 3.05 and this positive figure indicates an upward trading trend. The company’s 14-day RSI (relative strength index) score is 46.04, which shows that its stock has been neutral. The 20-day historical volatility for the stock stands at 28.96 percent, which is high when compared to that of the 50-day’s 26.52 percent.

The Home Depot, Inc. (HD) trade volume has increased by 25.52% as around 7,483,341 shares were sold when compared with its 50-day average volume of traded shares which is 5,961,648. At the moment, HD is witnessing a downtrend, as it is trading -0.87% below its 20-day SMA, -4.83% below its 50-day SMA, and -7.15% below its 200-day SMA. The company runs an ROE of roughly 652.6%, with financial analysts predicting that their earnings per share growth will be around 14.18% per annum for the next five year. This will be compared to the 20.5% increase witnessed over the past five years.

The last few days have been rough for The Home Depot, Inc. (NYSE:HD), as its price has decreased by -0.83% during the week. It has also performed poorly over the past three months, as it lost around -14.54% while it has so far retreated around -3.77% during the course of a year. The price of the stock went up by $0.66 now trading at $175.96. Their shares witnessed a 5.37% increase from the 52-week low price of $167 they recorded on 2018-11-20. Even though it is still -22.43% behind the $215.43 high touched on 2018-09-12. The stock of HD recorded -7.16% downtrend from the beginning of this year till date. The 12-month potential price target for The Home Depot, Inc. is set at $205.83. This target means that the stock has an upside potential to increase by 16.98% from the current trading price.

When giving their opinion, around 71.43% of Wall Street analysts, which represents 25 out of 35 rated the stock as a Buy. 10 brokerage firms of the remaining 28.57% rated the stock as a Hold with 0 analyst rating it as a sell. Overall, the number of aggregate HD shares held by institutional investors represents 72.3% of total shares. 107 institutions entered new The Home Depot, Inc. (NYSE:HD) positions, 951 added to their existing positions in these shares, 1011 lowered their positions, and 76 exited their positions entirely.

The shares of CenturyLink, Inc. (NYSE:CTL) has decreased by -2.07%, and now trading at $17.48 on the Wall Street in the intra-day deal, with their shares traded now around 19,819,688. This is a rise of 9,159,418 shares over the average 10,660,270 shares that were traded daily over the last three months. The stock that is trading at $17.48 went higher by 26.57% from its 52-week low of $13.81 that it attained back on 2017-12-07. The stock recorded a 52-week high of $24.2 nearly 108 days ago on 2018-08-21.

CTL stock hasn’t performed well over the past 30 days, as it lost -16.76% while its price climbed by 4.8% year-to-date (YTD). Looking at the last few days, it has been tough for the stock, as it tumbled -6.67% over the last week. The stock’s 12-month potential target price is now at $20.87. This means that the stock price might likely increase by 19.39% from its current trading price.6 out of 17 Wall Street analysts which represents 35.29% rated the stock as a buy while the remaining 47.06 rated it as a hold, with 17.65 of analysts rating it as a sell.

CenturyLink, Inc. (NYSE:CTL) has been utilizing an ROE that is roughly 7.7%, with stock analysts predicting that the company’s EPS for the next five years will go down by -14.31% per year, following the -18.1% drop that was witnessed during the past five years. The stock at the moment is on a downtrend, trading -8.33% below its 20-day SMA, -13.6% below its 50-day SMA, and -9.74% below its 200-day SMA. In percentage terms, the aggregate CenturyLink, Inc. shares held by institutional investors is 76.6%. 104 institutions jumped in to acquire CenturyLink, Inc. (CTL) fresh stake, 387 added to their current holdings in these shares, 320 lowered their positions, and 63 left no stake in the company.

The stock’s 9-day MACD is -0.31 and this negative figure indicates a downward trading trend. The company’s 9-day RSI score is 27.78, which shows that its stock has been oversold. The 20-day historical volatility for the shares stand at 31.16 percent, which is less when compared to that of the 50-day’s 42.79 percent. On the daily chart, we see that the stock could reach the first level of resistance at $17.92, sporting a 2.46% premium to the current level. The next resistance point is at $18.35, representing nearly 4.74% premium to the current market price of CenturyLink, Inc. (CTL). On the other hand, failure to breach the immediate hurdles can drag it down to $16.43, the lower end of the range.