Home Depot (HD) Price Near $266.24; 2 Day Up Streak Broken, Crosses 20 Day Moving Average

The Hourly View for HD

Last Updated January 8, 2021, 02:015 GMT

At the time of this writing, Home Depot’s price is down $-0.14 (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as Home Depot has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 entered today at $266.26, down 0.49% ($1.31) from yesterday. The change in price came along side change in volume that was down 3.05% from previous day, but up 45.54% from the Thursday of last week. The daily price chart of Home Depot Inc below illustrates.


Home Depot Inc Technical Analysis

First things first: Home Depot Inc crossed below its 20 day moving average yesterday. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For another vantage point, consider that Home Depot Inc’s price has gone down 16 of the previous 30 trading days.

Overheard Around the Web

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

    $HD Form 8-K: On January 7, 2021, The Home Depot completed a public offering of of $500,000,000 aggregate principal amount of 0.900% Notes due March 15, 2028, $1,250,000,000 aggregate principal amount..