HOME DEPOT INC (HD) Stock Technical Analysis
NYSE:HD • US4370761029
Taking everything into account, HD scores 7 out of 10 in our technical rating. In the last year, HD was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- Both the short term and long term trends are positive. This is a very positive sign.
- In the last month HD has a been trading in the 368.24 - 397.63 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 4456080 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 44% of all stocks.
- HD is part of the Specialty Retail industry. There are 121 other stocks in this industry, HD did better than 55% 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.
Besides having an excellent technical rating, HD also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 389.75, a Stop Loss order could be placed below this zone.
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339.88
When analyzing the support we can see 4 important areas.
- A support zone ranging from 382.49 to 389.75. 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 373.08 to 374.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @355.40 from a trend line in the daily time frame.
- A support zone ranging from 343.31 to 346.12. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- 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 | 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 | 44.87 | 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) | UP | POSITIVE | The current price of HD is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.3 | POSITIVE | The MACD value suggests HD has a positive trend. |
| Stochastics (14,3) | 82.58 | OVERBOUGHT | The high Stochastics value suggests HD may be overbought. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for HD suggests some volalility. |
| Average Directional Index/ADX (14) | 19.8 | NEGATIVE | The low ADX value for HD suggests a weak or negative trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 391.91 | 382.48 | 9.43 (2.41%) | 25.00% |
| An entry @391.91. This is a Buy Stop order right above the resistance zone. | An exit @382.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 9.43 points, which is 2.41%. | For a 0.60% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of HD. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
391.05
+0.83 (+0.21%)
HOME DEPOT INC / HD FAQ
What is the ChartMill technical rating of HOME DEPOT INC (HD) stock?
ChartMill assigns a technical rating of 7 / 10 to HD.
What is the trend direction for HD stock?
The current trend direction for HOME DEPOT INC (HD) is Bullish.
What is the RSI signal for HOME DEPOT INC (HD) stock?
HOME DEPOT INC (HD) has an RSI value of 63.0033. This indicates that the stock is currently neutral.
Can you provide the buy/sell signal for HOME DEPOT INC?
The buy/sell signal for HOME DEPOT INC (HD) is buy as both the short term and long term trends are positive.
Can you provide the support and resistance levels for HOME DEPOT INC?
HOME DEPOT INC (HD) has a support level at 389.75 and a resistance level at 391.9. Check the full technical report for our detailed analysis of HD support and resistance levels.