Home Depot (HD) Price Near $266.06; Heads Down For the 2nd Consecutive Day, Breaks Below 20 Day Average

The Hourly View for HD

Last Updated December 30, 2020, 02:017 GMT

Currently, Home Depot’s price is down $-1.53 (-0.57%) from the hour prior. The hourly chart shows that Home Depot 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 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 came into today down 1.14% ($3.06) from the open of yesterday, marking the 2nd consecutive day a decrease has occurred. This move happened on lower volume, as yesterday’s volume was down 2.79% from the day before — and down 39.79% from the same day the week before. Here is a daily price chart of Home Depot Inc.

HD

Home Depot Inc Technical Analysis

Notably, Home Depot Inc crossed below its 20 day moving average yesterday. 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. Or to view things another way, note that out of the past 14 days Home Depot Inc’s price has gone up 7 them.

Overheard Around the Web

Over on StockTwits, here’s an example of what they’re saying about HD:

    $HD my stop hit and I am out of the remainder of the trade made $2 a share on this group of shares. The name goes back on go to list

    SunriseTrader