Home Depot (HD) Closes Last Hour Up $0.32; in a Downtrend Over Past 14 Days, Eyes 20 Day Average

The Hourly View for HD

Last Updated January 6, 2021, 02:016 GMT

At the time of this writing, Home Depot’s price is up $0.38 (0.14%) from the hour prior. Home Depot has seen its price go up 8 out of the past 10 hours, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Home Depot Inc Daily Price Recap

266.05 was the closing price of the day for Home Depot Inc, resulting in today being one in which price moved up 0.81% ($2.13) from the previous day. The change in price came along side change in volume that was down 28.92% from previous day, but up 52.15% from the Tuesday of last week. The daily price chart of Home Depot Inc below illustrates.

HD

Home Depot Inc Technical Analysis

Notably, the current price of Home Depot Inc is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to view things another way, note that out of the past 10 days Home Depot Inc’s price has gone down 6 them.

Overheard Around the Web

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

    $SPY So here's one of my favorite questions.
    When the same people who in 2008 told you Obama's tax policies would kill the Market & his radical Dem ideas & taxes were awful are telling you to sell now why would you listen? The

    Its really not that hard to actually have real facts & data. Obama's & Biden's Market far out performed Trump's, WS has its best Corp gains during O's presidency & really if not for Powell Trump wold have destroyed the Economy

    So is it that people just read headlines & react & do no DD on their own?

    Smart Investors mind, they know its a chance to BTD & hold & earn wealth so I cant wait for tomorrow.

    Here's what the GOP, CNBC, FOX & the brilliant Analyst said in 2008.
    Read it kids

    $HD $AAPL $BA $AMZN

    GoodNewsBull