The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 7/24/2026 -
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Home Depot (HD) Technical Analysis

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Summary:
Weekly :Trend support at 338.14
Daily :The price has fallen below the Parabolic SARLane's Stochastic oversoldWilliams' Percentage Range is strongly oversold
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It was the negative week for the Home Depot (HD). During the week, the HD dropped -5.89 points, or -1.74%, and closed at 332.98 on Friday, July 24, 2026. Weekly volume was -11% below average.

Long-term trend: [See HD long-term trend chart]
A long-term uptrend had started on October 10, 2008 at 17.05 and reached 439.40 on November 26, 2024. HD gained -422.35 points, or -2477.13%, in 841 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (338.14) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See HD medium-term trend chart]
A medium-term downtrend had started on September 17, 2025 at 426.75 and reached 289.10 on May 19, 2026. HD lost 137.65 points, or 32.26%, in 34 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 279.69 and resistance is at 365.94. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel 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 above its signal line since June 18, 2026. 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 May 19, 2026 at 289.10 and reached 358.85 on July 6, 2026. HD gained -69.75 points, or -24.13%, in 48 days. The chart has formed a Rising Channel chart pattern.

Daily Technical Indicators: [See HD daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily 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 daily MACD line is below its signal line since July 7, 2026.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.42
Williams' Percentage Range (W%R) 94.40
Strong Oversold
Lane's Stochastic (%D-Slow) 16.24
Oversold
Greed/Fear Indicator (GFI) 19.77
Oversold
Moving Average Converg./Diverg. (MACD) 2.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.52
Williams' Percentage Range (W%R) 55.30
Lane's Stochastic (%D-Slow) 75.78
Greed/Fear Indicator (GFI) 57.05
Moving Average Converg./Diverg. (MACD) -10.08
Trading Signals
Description Value Chart
Monthly Trendline Resistance 365.94
Upper Bollinger Band 353.22
Weekly Stochastic Crossing 346.79
20 Day Moving Average 341.61
Parabolic System 338.92
Yearly Trendline Support 338.14
Price 332.98
Daily Stochastic Crossing 328.54
50 Day Moving Average 327.42
Lower Bollinger Band 318.98
Monthly Trendline Support 279.69
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Home Improvement Retail 27
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Low 289.10
Low Date 05/19/2026
High 358.85
High Date 07/06/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 397.63
High Date 02/12/2026
Low 289.10
Low Date 05/19/2026
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 365.94
Support 279.69
High 426.75
High Date 09/17/2025
Low 289.10
Low Date 05/19/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 439.40
High Date 11/26/2024
Low 289.10
Low Date 05/19/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 449.77
Support 338.14
Low 17.05
Low Date 10/10/2008
High 439.40
High Date 11/26/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.