The Home Depot Inc HD will be reporting its third-quarter earnings on Tuesday. Wall Street expects $3.64 in EPS and $39.17 in revenues as the company reports before market hours.

The stock is up 42.56% over the past year, 19% YTD.

Let’s look at what the charts indicate for Home Depot stock and how the stock currently maps against Wall Street estimates.

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Home Depot Stock In Bullish Trend Ahead Of Q3 Earnings 

Home Depot's stock is holding firm in a bullish trend, trading above key moving averages, signaling ongoing buying interest.

Chart created using Benzinga Pro

At $405.90, Home Depot's stock stands well above its eight-day SMA (simple moving average) of $396.03 and its 20-day SMA of $402.79, reinforcing short-term strength.

Additionally, the stock remains elevated beyond its 50-day SMA of $395.16 and far above its 200-day SMA of $364.51, suggesting broader momentum.

However, with an MACD (moving average convergence/divergence) reading of a negative 0.45, there could be a hint of hesitation. The RSI at 55.49 shows steady interest, albeit within neutral bounds, indicating that the stock is currently balanced between momentum and consolidation.

Home Depot Analysts See Almost 3% Upside

Ratings & Consensus Estimates: The consensus analyst rating on Home Depot stock stands at a Buy currently with a price target of $419.29. The latest analyst ratings from RBC Capital, Stifel and Telsey Advisory Group set an average price target of $422.67 for Home Depot stock, implying a 2.93% upside potential.

HD Price Action: Home Depot stock was trading at $409.89 at the time of publication Monday.

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