HOME DEPOT INC (HD) Stock Technical Analysis
USA - New York Stock Exchange - NYSE:HD - US4370761029 - Common Stock
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 technical rating of HD is bad and it also does not present a quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
339.88
We found 1 important support area.
- Support @343.31 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 366.73 to 370.89. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 391.91 to 391.91. This zone is formed by a combination of multiple trend lines 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 | 19.49 | NEGATIVE | HD has a low relative strength, it was outperformed by 80.51% 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) | 30.47 | NEUTRAL | The RSI value for HD is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.25 | NEGATIVE | The MACD value suggests HD has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 10.25 | OVERSOLD | The low Stochastics value suggests HD may be oversold. |
| Average True Range in percent/ATR (20) | 2.5 | MEDIUM VOLATILITY | The ATR as a percentage value for HD suggests some volalility. |
| Average Directional Index/ADX (14) | 40.72 | POSITIVE | The high ADX value value for HD suggests a strong trend. |
343.32
+10.94 (+3.29%)
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 30.4739. 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 343.31 and a resistance level at 366.73. Check the full technical report for our detailed analysis of HD support and resistance levels.