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 5 out of 10. In the past year, HD was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
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 352.46 - 379.69 range, which is quite wide. It is currently trading near the high of this range.
HD has an average volume of 3541110 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 48% of all stocks.
HD is part of the Specialty Retail industry. There are 122 other stocks in this industry, HD did better than 57% 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 an average technical rating and the quality of the presented setup is also not ideal 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
384.59
We found 2 important support areas.
- A support zone ranging from 366.44 to 373.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 345.99 to 353.87. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @380.78 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 | 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 | 48.55 | 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 | NEGATIVE | The current price of HD is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 59.53 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests HD has a positive trend. |
| Stochastics (14,3) | 88.16 | OVERBOUGHT | The high Stochastics value suggests HD may be overbought. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for HD suggests low volalility. |
| Average Directional Index/ADX (14) | 18.56 | NEGATIVE | The low ADX value for HD suggests a weak or negative 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)
375.34
+2.25 (+0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorConsumer Discretionary
GICS IndustrySpecialty Retail
Performance
% Chg0.6%
1 Week4.44%
2 Weeks1.42%
1 Month3.26%
3 Month4.97%
6 Month-9.45%
12 Month4.4%
2 Year12.43%
3 Year24.72%
5 Year41.38%
10 Year220.72%
15 Year1216.52%
Volatility
ATR(14)6.6
ATR(20)%1.86%
ATR Inc-38.02%
Range Today2.94
ADR(20)6.87
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS48.55
Mansfield-1.05
10 Day High377.88
10 Day Low352.46
20 Day High379.69
20 Day Low352.46
52 Week High439.37
52 Week Low326.31
CS1 End373.08
CR1 Start380.78
Volume & EV
DER(3)1.38%
DER(5)0.2%
Volume2.22M
Volume Incr-21.74%
Vol(5)3.03M
Vol(50)3.54M