The Hourly View for HD
Last Updated November 23, 2020, 12:6 GMT
At the moment, HD’s price is down $-0.86 (-0.32%) from the hour prior. HD has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. 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
The choppiness in the recent daily price action of Home Depot Inc continues; to start today, it came in at a price of 269.81 US dollars, down 0.41% ($1.12) since the previous day. As for how volume fared, yesterday’s volume was up 4.58% from the previous day (Saturday), and up 37.1% from Sunday of 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 and 100 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 8 out of the past 14 days.
Overheard Around the Web
Over on StockTwits, here’s an example of what they’re saying about HD:
$TBLT SHARES ON SALE..ONLY LIMITED TIME..AT THIS PRICE
A Large Market:
While Toughbuilt provides a wide variety of tools and safety solutions to the construction industry, its pricing is well within the affordable range and is competitively priced to compete with the likes of DeWalt. The company caters to a $350 billion home improvement market which grew at more than 5% in 2019. Its target customer base is as high as 12.5 million Americans including construction employees, production employees, and supervisors. The management aims to target professionals like plumbers, electricians, painters, architects, carpenters, building inspectors, surveyors, roofers, and different kinds of contractors to push for direct sale of its products. Given the ongoing demand for better safety of these professionals as well as increased efficiency in executing their tasks, Toughbuilt’s products should be in high demand among this community.
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