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Archive
- 4/26/2024 -
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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 -0.27 points, or -0.08%, and closed at 335.09 on Friday, April 26, 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 (277.82) 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 downtrend had started on March 21, 2024 at 396.87 and reached 326.90 on April 25, 2024. HD lost 69.97 points, or 17.63%, in 5 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (318.12) 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 medium-term trend.
 Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Williams' Percentage Range help.
The weekly MACD line is below its signal line since April 5, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 25, 2024 at 326.90 and reached 335.83 on April 26, 2024. HD gained -8.93 points, or -2.73%, in 1 days. The price is now at the 8.29% retracement level.
 Daily Technical Indicators: [See HD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 27, 2024. The distance between MACD and the signal line is low and getting smaller.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
4 |
| Industry |
Home Improvement Retail |
26 |
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| Daily Trend |
| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Low |
326.90 |
| Low Date |
04/25/2024 |
| High |
335.83 |
| High Date |
04/26/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| Status |
Broken Resistance |
| Resistance |
332.24 |
| Support |
318.12 |
| High |
396.87 |
| High Date |
03/21/2024 |
| Low |
326.90 |
| Low Date |
04/25/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
274.26 |
| Low Date |
10/27/2023 |
| High |
396.87 |
| High Date |
03/21/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
264.51 |
| Low Date |
06/22/2022 |
| High |
396.87 |
| High Date |
03/21/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Symmetric Triangle |
| Status |
Broken Resistance |
| Resistance |
249.34 |
| Support |
277.82 |
| High |
420.61 |
| High Date |
12/06/2021 |
| Low |
264.51 |
| Low Date |
06/22/2022 |
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