HDI Technical Analysis - HOME DEPOT INC

Technical Rating and Analysis

We assign a technical rating of 2 out of 10 to HDI. HDI performed below average in the overall market. Although the medium term picture in unclear, the short term picture is clearly negative.

67% of all other stocks performed better in the past year than HDI.

In the last month HDI has a been trading in the 337.00 - 362.70 range, which is quite wide. It is currently trading near the lows of this range.

Warning: HDI has an average volume of 353 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

The long term trend is neutral, but the short term trend is negative. Better to stay away from this!

HDI is an average performer in the Specialty Retail industry, it outperforms 55% of 57 stocks in the same industry.

HDI is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so HDI is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

The technical rating of HDI is bad and it also does not present a quality setup at the moment. Prices have been extended to the downside lately. For a nice entry it is better to wait for a consolidation.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

295.01

363.91

We found 1 important support area.

A support zone ranging from 297.99 to 301.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 340.86 to 360.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 HDI.DE is neutral.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for HDI.DE is down.
ChartMill Relative Strength	33.74	NEUTRAL	HDI.DE is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of HDI.DE is below a declining SMA(20).
Simple Moving Average/SMA (50)	UP	MIXED	The current price of HDI.DE is below the rising SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of HDI.DE is below a declining SMA(200).
Relative Strength Index/RSI (14)	39.88	NEUTRAL	The RSI value for HDI.DE is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-2.22	NEGATIVE	The MACD value suggests HDI.DE has a negative trend.
Stochastics (14,3)	5.59	OVERSOLD	The low Stochastics value suggests HDI.DE may be oversold.
Average True Range in percent/ATR (20)	1.29	LOW VOLATILITY	The low ATR as a percentage value for HDI.DE suggests low volalility.
Average Directional Index/ADX (14)	17.3	NEGATIVE	The low ADX value for HDI.DE suggests a weak or negative trend.