HOME DEPOT INC (HD) Stock Technical Analysis
USA - NYSE:HD - US4370761029 - Common Stock
Overall HD gets a technical rating of 0 out of 10. 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.
HD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 370.89, a Stop Loss order could be placed below this zone.
More info and screens
346.11
3 important support areas can be observed.
- A support zone ranging from 367.51 to 370.89. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @358.38 from a trend line in the weekly time frame.
- A support zone ranging from 349.61 to 351.15. This zone is formed by a combination of multiple trend lines in the weekly time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 378.37 to 388.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 414.50 to 423.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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 | 26.68 | NEGATIVE | HD has a low relative strength, it was outperformed by 73.32% 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) | 33.93 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.81 | NEGATIVE | The MACD value suggests HD has a negative trend. |
| Stochastics (14,3) | 11.27 | OVERSOLD | The low Stochastics value suggests HD may be oversold. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for HD suggests low volalility. |
| Average Directional Index/ADX (14) | 31.81 | POSITIVE | The high ADX value value for HD suggests a strong trend. |
371.11
+2.04 (+0.55%)
HOME DEPOT INC / HD FAQ
What is the ChartMill technical rating of HOME DEPOT INC (HD) stock?
ChartMill assigns a technical rating of 0 / 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 33.9327. 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 370.89 and a resistance level at 378.37. Check the full technical report for our detailed analysis of HD support and resistance levels.