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Home Improvement Retail Industry Stocks Technical Analysis - HDArchive
- 10/23/2026 -
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Home Depot (HD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a third positive week after 8 consecutive negative weeks for the Home Depot (HD). During the week, the HD gained 10.20 points, or 3.29%, and closed at 319.83 on Friday, October 23, 2026. Weekly volume was -10% below average.
 Long-term trend: [See HD long-term trend chart]
A long-term downtrend had started on November 26, 2024 at 439.40 and reached 277.15 on October 1, 2026. HD lost 162.25 points, or 36.93%, in 96 weeks. The price is now at the 26.31% retracement level.
 Medium-term trend: [See HD medium-term trend chart]
A medium-term downtrend had started on July 6, 2026 at 358.85 and reached 277.15 on October 1, 2026. HD lost 81.70 points, or 22.77%, in 12 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 262.16 and resistance is at 357.37. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See HD short-term trend chart]
A short-term uptrend had started on October 1, 2026 at 277.15 and reached 327.92 on October 22, 2026. HD gained -50.77 points, or -18.32%, in 21 days. The price is now at the 15.93% retracement level.
 Daily Technical Indicators: [See HD daily technical indicators chart]
Daily 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 daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Use the following link to access Williams' Percentage Range help.
The daily MACD line is above its signal line since October 6, 2026. This is an indication that the short-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
 Candlestick pattern: [See HD candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.
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