Home Depot Inc (HD) Down 2.95%, in an Uptrend Over Past 30 Days; Evening Star Pattern Appearing on Chart

Home Depot Inc Daily Price Recap

Home Depot Inc is down 2.95% ($7.25) since the day prior, marking a reversal from the day prior — and the end of a 3 day positive run. The price move occurred on stronger volume; specifically, yesterday’s volume was up 12.82% from the day prior, and up 114.9% from the same day the week before. The daily price chart of Home Depot Inc below illustrates.

Home Depot Inc Technical Analysis

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For another vantage point, consider that Home Depot Inc’s price has gone up 8 of the previous 14 trading days. And for candlestick traders, a special treat: there is a evening star 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:

    $XBI Sounds like the big boys flipped the switch today. Ready to sell now that the Powell 60 Minutes pump price has fully saturated retail, and the pre-planned $MRNA "interm" p1 results are out. How much you wanna bet Moderns got a call from the WH the squeeze out some "good news"? Now that the Fed says they don't expect jobs to come back until next year, you know those in know are ready to have this market fall.

    Short via $LABD, $HD SHOP NVDA and others.

    Stellar_Capital