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Archive
- 6/6/2025 -
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Home Depot (HD) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was the negative week for the Home Depot (HD). During the week, the HD gave back -0.96 points, or -0.26%, and closed at 367.33 on Friday, June 6, 2025. Weekly volume was -21% below average.
 Long-term trend: [See HD long-term trend chart]
A long-term uptrend had started on June 22, 2022 at 264.51 and reached 439.40 on November 26, 2024. HD gained -174.89 points, or -66.12%, in 126 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 285.79 and resistance is at 463.80. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See HD medium-term trend chart]
A medium-term downtrend had started on November 26, 2024 at 439.40 and reached 326.30 on April 9, 2025. HD lost 113.10 points, or 25.74%, in 19 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 291.59 and resistance is at 395.40. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since December 20, 2024. 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 April 9, 2025 at 326.30 and reached 389.75 on May 20, 2025. HD gained -63.45 points, or -19.45%, in 41 days. The chart has formed a Rising Channel chart pattern. The trend support level is at 364.54 and resistance is at 375.23. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a short-term trend.
Daily Technical Indicators: [See HD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since May 22, 2025. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has declined below 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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