Home Depot Does it Again: Heads Down for the 2nd Straight Day

The Hourly View for Home Depot

  • At the moment, HD’s price is down $-0.18 (-0.05%) from the hour prior.
  • This move is a reversal from the hour prior, which saw price move up.
  • From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes.
  • Of note is that the 50 hour changed directions on HD; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Home Depot’s hourly price chart is shown below.

HD

The Daily View for Home Depot

  • At the time of this writing, HD’s price is down $-0.95 (-0.26%) from the day prior.
  • The daily chart shows that Home Depot has seen 2 straight down days.
  • Regarding the trend, note that the strongest trend exists on the 100 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

Below is a daily price chart of Home Depot.

HD

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