HOME DEPOT INC (HD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HD - US4370761029 - Common Stock
Taking everything into account, HD scores 1 out of 10 in our technical rating. HD's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The technical rating of HD is bad and it also does not present a 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
329.05
2 important support areas can be observed.
- A support zone ranging from 343.31 to 344.25. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 332.37 to 335.24. This zone is formed by a combination of multiple trend lines in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 352.41 to 359.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 365.81 to 370.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @414.50 from a horizontal line in the weekly time frame.
- Resistance @431.37 from a horizontal line in the weekly 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 | 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 | 19.09 | NEGATIVE | HD has a low relative strength, it was outperformed by 80.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of HD is below the rising 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) | 40.51 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.89 | POSITIVE | The MACD value suggests HD has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 40.63 | NEUTRAL | The Stochastics value for HD is a neutral value. |
| Average True Range in percent/ATR (20) | 2.53 | MEDIUM VOLATILITY | The ATR as a percentage value for HD suggests some volalility. |
| Average Directional Index/ADX (14) | 18.36 | NEGATIVE | The low ADX value for HD suggests a weak or negative trend. |
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-9.99 (-2.81%)
HOME DEPOT INC / HD FAQ
What is the ChartMill technical rating of HOME DEPOT INC (HD) stock?
ChartMill assigns a technical rating of 1 / 10 to HD.
What is the current trend direction of HOME DEPOT INC (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 40.5149. This indicates that the stock is currently neutral.
What is the short term momentum for HD stock?
The short term momentum for HOME DEPOT INC (HD) is negative.
What is the support and resistance level for HD stock?
HOME DEPOT INC (HD) has a support level at 344.25 and a resistance level at 352.41. Check the full technical report for our detailed analysis of HD support and resistance levels.