HOME DEPOT INC (HD) Stock Technical Analysis
NYSE:HD - New York Stock Exchange, Inc. - US4370761029 - Common Stock - Currency: USD
Overall HD gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, HD is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month HD has a been trading in the 363.72 - 407.82 range, which is quite wide. It is currently trading near the high of this range.
HD has an average volume of 3502220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, HD turns out to be only a medium performer in the overall market: it outperformed 58% of all stocks.
HD is an average performer in the Specialty Retail industry, it outperforms 61% of 124 stocks in the same industry.
HD is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HD is lagging the market.
Although HD has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
342.53
420.52
When analyzing the support we can see 3 important areas.
- A support zone ranging from 370.65 to 371.33. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 356.89 to 357.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 345.99 to 351.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @396.60 from a horizontal line in the daily time frame.
- Resistance @406.80 from a trend line in the daily time frame.
- Resistance @416.36 from a horizontal line in the daily time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for HD is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HD is up. |
| ChartMill Relative Strength | 58.87 | NEUTRAL | HD is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of HD is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of HD is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of HD is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 61.52 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.53 | POSITIVE | The MACD value suggests HD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 76.97 | NEUTRAL | The Stochastics value for HD is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for HD suggests low volalility. |
| Average Directional Index/ADX (14) | 31.39 | POSITIVE | The high ADX value value for HD suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
394.7
-4.68 (-1.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg-1.17%
1 Week1.85%
2 Weeks3.64%
1 Month8.42%
3 Month8.82%
6 Month2.44%
12 Month5.09%
2 Year19.5%
3 Year36.85%
5 Year38.47%
10 Year238.92%
15 Year1318.76%
Volatility
ATR(14)7.49
ATR(20)%1.8%
ATR Inc-3.9%
Range Today5.63
ADR(20)6.6
ADR(20)%1.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.87
Mansfield-0.63
10 Day High407.82
10 Day Low380.96
20 Day High407.82
20 Day Low363.72
52 Week High439.37
52 Week Low326.31
CS1 End371.33
CR1 Start396.6
Volume & EV
DER(3)-0.03%
DER(5)0.39%
Volume4.41M
Volume Incr28.85%
Vol(5)3.99M
Vol(50)3.50M