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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Home Depot (HD) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Home Depot (HD). During the week, the HD gave back -0.12 points, or -0.03%, and closed at 373.23 on Friday, March 15, 2024. HD was trading at average weekly trading volume. Long-term trend: [See HD long-term trend chart] A long-term downtrend had started on December 6, 2021 at 420.61 and reached 264.51 on June 22, 2022. HD lost 156.10 points, or 37.11%, in 28 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (276.98) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend. Medium-term trend: [See HD medium-term trend chart] A medium-term uptrend had started on October 27, 2023 at 274.26 and reached 385.10 on March 1, 2024. HD gained -110.84 points, or -40.41%, in 18 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (395.99) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a medium-term trend. Weekly Technical Indicators: [See HD weekly technical indicators chart] Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help. The weekly MACD line is above its signal line since December 1, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See HD short-term trend chart] A short-term downtrend had started on March 1, 2024 at 385.10 and reached 368.87 on March 11, 2024. HD lost 16.23 points, or 4.21%, in 10 days. The price is now at the 26.86% retracement level. Daily Technical Indicators: [See HD daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 7, 2024. This is an indication that the short-term trend is down. During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. The price is close to the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.
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