The Hourly View for HD
Last Updated January 4, 2021, 23:21 GMT
At the moment, Home Depot’s price is down $-0.71 (-0.27%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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
Home Depot Inc’s 3 day negative streak has officially concluded, as the candle from the day prior closed up 0.14% ($0.36). The price move occurred on volume that was up 3.97% from the day prior, but down 39.88% from the same day the week before. Here is a daily price chart of Home Depot Inc.
Home Depot Inc Technical Analysis
Coming into today Home Depot Inc is now close to its 20 day averages, located at 267.35 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. Or to view things another way, note that out of the past 30 days Home Depot Inc’s price has gone down 16 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about HD:
$SPY Its so sad to watch this presser, the fact that Mr Sterling has to explain the GA vote like he's talking to 9yr olds is why the biggest problem in America is Education, so man believed a Conman
just so sad.
Overall Market will be do much better under Biden now & why you want to look for deals to buy
$AAPL $BABA $AMZN $HD