Home Depot is expected to report an EPS tomorrow of $4.46 on revenue of $4.42bn.

Taking a look at Home Depot as the earnings season is coming to an end. The retail giant is due to report earnings tomorrow, and currently, its stock is trading at around $331.13 a share. Looking at the chart on the daily timeframe, we can see that the stock remains in a bullish trend after its recent retracement. The price has set a new high so far in the quarter at $338.28, now it has retraced back to the supportive trendline (ascending). After a few days of consolidation, we now may see a push back up to the high, a break above the high could see the price rise higher towards the levels seen at the start of the year ($342-$346). Support sits at $326.27 then along the trendline at $323.50. A break below the trendline would not necessarily mean that a move lower is expected as there is also support at $322.12. A break below this point would be an indication of a move lower. Looking at the technical indicators, MACD is negative but RSI is strongly positive as it reads 63. So a mixed view prior to the earnings release.