Understanding Pokemon Home Symbols
In Pokemon Home you can deposit all 896 or so Pokemon for later use. Pokemon Sword and Sheild, Lets Go and Pokemon Go have different requirements for what they need.
In short, red circle symbols means the Pokemon is not coded by Nintendo yet for use in the game you want to use it in, it may be able to be used later with DLC but you can forever hold on to it for later games that support that Pokemon.
Warning- yellow, means that pokemon that has a move that is not supported in the game you need it in.
Nirth explains it well in this video too:
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Understanding symbols in Pokemon Home