The Hourly View for HD
Last Updated February 19, 2021, 12:41 GMT
At the time of this writing, HD’s price is up $1.92 (0.68%) from the hour prior. The hourly chart shows that HD has seen 3 straight up hours. 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 came into today up 0.76% ($2.13) from the open of yesterday, marking the 2nd day in a row an upward move has occurred. The price move occurred on volume that was down 0.82% from the day prior, but up 0.99% from the same day the week before. Let’s take a look at the daily price chart of Home Depot Inc.
Home Depot Inc Technical Analysis
Notably, Home Depot Inc is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For another vantage point, consider that Home Depot Inc’s price has gone up 19 of the previous 30 trading days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about HD:
Home Depot $HD showed the most relative strength on Wednesday as price lifted +2% out of its recent pullback/bull flag pattern.
Along with Lowes $LOW, they look set to move higher into next week's earnings reports.
Nike $NKE and Starbucks $SBUX both have 6-day Bullish flag/ranges in effect, setting them up for potential breakouts over recent February resistance and January highs.