HOME DEPOT INC (HD) Technical Analysis
NYSE:HD • US4370761029
Current stock price
HD Technical Rating and Analysis
Taking everything into account, HD scores 0 out of 10 in our technical rating. HD scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
- 79% of all other stocks performed better in the past year than HD.
- HD is currently making a new 52 week low. This is a very bad signal. The S&P500 Index is trading in the upper part of its 52 week range, so HD is lagging the market.
- HD is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
- HD has an average volume of 4155110 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 124 other stocks in this industry, HD did better than 44% of them.
HD Weekly and Daily overview Charts
HD Setup Rating and Analysis
HD has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 332.52. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 320.74, a Stop Loss order could be placed below this zone.
More info and screens
HD Support and Resistance Analysis
317.53
When analyzing the support we notice one important area.
- A support zone ranging from 320.74 to 320.74. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 6 important resistance areas.
- A resistance zone ranging from 332.52 to 335.47. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Resistance @373.16 from a horizontal line in the daily time frame.
- A resistance zone ranging from 380.98 to 381.07. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @391.90 from a horizontal line in the daily time frame.
- Resistance @414.50 from a horizontal line in the weekly time frame.
- Resistance @431.37 from a horizontal line in the weekly time frame.
HD Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for HD is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for HD is down. |
| ChartMill Relative Strength | 21.83 | NEGATIVE | HD has a low relative strength, it was outperformed by 78.17% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of HD is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of HD is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of HD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 33.29 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.32 | POSITIVE | The MACD value suggests HD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 25.33 | NEUTRAL | The Stochastics value for HD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for HD suggests some volalility. |
| Average Directional Index/ADX (14) | 37.19 | POSITIVE | The high ADX value value for HD suggests a strong trend. |
HD Chart- and CandleStick Pattern Analysis
HD Technicals: Chart, Performance Metrics, Trend & Indicators
321.63
-7.93 (-2.41%)
HOME DEPOT INC / HD TA FAQ
What is the ChartMill technical rating of HOME DEPOT INC (HD) stock?
ChartMill assigns a technical rating of 0 / 10 to HD.
Can you provide the trend direction for HOME DEPOT INC?
The current trend direction for HOME DEPOT INC (HD) is Bearish.
Can you provide the RSI signal for HOME DEPOT INC?
HOME DEPOT INC (HD) has an RSI value of 33.2897. This indicates that the stock is currently neutral.
What is the short term momentum for HOME DEPOT INC (HD) stock?
The short term momentum for HOME DEPOT INC (HD) is negative.
Can you provide the buy/sell signal for HOME DEPOT INC?
The buy/sell signal for HOME DEPOT INC (HD) is sell as both the short term and long term trends are negative.