HOME DEPOT INC (HD) Stock Technical Analysis
USA • New York Stock Exchange • NYSE:HD • US4370761029
We assign a technical rating of 5 out of 10 to HD. In the past year, HD was a below average performing stock in the market. The medium term picture is also negative, but we see some improvement happening in recent action.
- 67% of all other stocks performed better in the past year than HD.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month HD has a been trading in the 344.10 - 391.78 range, which is quite wide. It is currently trading near the high of this range.
- Prices have been consolidating recently, this may present a good entry opportunity.
- HD has an average volume of 4591030 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- HD is part of the Specialty Retail industry. There are 121 other stocks in this industry, HD did better than 52% of them.
- 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.
HD has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 380.12, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
339.88
3 important support areas can be observed.
- A support zone ranging from 371.34 to 380.12. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @352.97 from a trend line in the daily time frame.
- A support zone ranging from 343.31 to 345.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @383.36 from a trend line in the daily time frame.
- Resistance @391.90 from a horizontal line in the daily time frame.
- Resistance @414.50 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 431.37 to 431.38. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 | NEUTRAL | NEUTRAL | The long term trend for HD is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for HD is up. |
| ChartMill Relative Strength | 33.73 | 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) | UP | POSITIVE | The current price of HD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.55 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.18 | NEGATIVE | The MACD value suggests HD has a negative trend. |
| Stochastics (14,3) | 65.07 | NEUTRAL | The Stochastics value for HD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.36 | MEDIUM VOLATILITY | The ATR as a percentage value for HD suggests some volalility. |
| Average Directional Index/ADX (14) | 17.57 | NEGATIVE | The low ADX value for HD suggests a weak or negative trend. |
382.37
-4.83 (-1.25%)
HOME DEPOT INC / HD FAQ
What is the ChartMill technical rating of HOME DEPOT INC (HD) stock?
ChartMill assigns a technical rating of 5 / 10 to HD.
What is the trend direction for HD stock?
The current trend direction for HOME DEPOT INC (HD) is Bearish.
What is the RSI signal for HOME DEPOT INC (HD) stock?
HOME DEPOT INC (HD) has an RSI value of 58.5541. This indicates that the stock is currently neutral.
Can you provide the support and resistance levels for HOME DEPOT INC?
HOME DEPOT INC (HD) has a support level at 380.12 and a resistance level at 383.36. Check the full technical report for our detailed analysis of HD support and resistance levels.