Home Depot Inc (HD) 2 Day Down Streak Ended, Breaks Above 20 Day Average; in an Uptrend Over Past 30 Days

Home Depot Inc 4 Hour Price Update

Updated June 23, 2020 04:31 PM GMT (12:31 PM EST)

HD’s price is up $4.08 (1.64%) over the past four hours of trading. For context, Home Depot Inc’s peers in the in the Retail industry are down -0.68% on average in this time, while its peers in the broader Consumer Cyclical sector are up by an average of 0.33%.

Home Depot Inc Daily Price Recap

The choppiness in the recent daily price action of Home Depot Inc continues; to start today, it came in at a price of 249.16 US dollars, up 1.02% ($2.51) since the previous day. This move happened on lower volume, as yesterday’s volume was down 68.86% from the day before — and down 47.23% from the same day the week before. The daily price chart of Home Depot Inc below illustrates.

Home Depot Inc Technical Analysis

First things first: Home Depot Inc crossed above its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to view things another way, note that out of the past 30 days Home Depot Inc’s price has gone up 17 them.

Overheard Around the Web

Here’s what one trader on StockTwits recently had to say in regards to HD:

    $HD 22-Jun
    – Daily stock market timing forecast –
    ◆ Investing view
    => Neutral – Bullish
    ◆ Search for the daily stock market timing forecast
    ◆ Upper~Lower stock price band for the next 10 days
    Price: 241.39 ~ 258.01
    % Change: -3.12% ~ 3.55%
    ◆ Today's Supply-Demand(S&D) strength
    => Supply-Demand(S&D) strength flow appropriate to the current trend.

    ◆ Daily Supply-Demand(S&D) strength Trend
    => About to begin a rebounding trend as a downward trend gradually gives way to slowdown in falling and rises fluctuations