Is HD’s Trend Waning? Oscillators Suggest So

The Hourly View for Home Depot

  • At the moment, HD’s price is up $0.82 (0.22%) from the hour prior.
  • It’s been a feast for bulls operating on an hourly timeframe, as Home Depot has now gone up 4 of the past 5 hours.
  • As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe.
  • Of note is that the 50 hour changed directions on HD; it is now pointing up. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Home Depot’s hourly price chart is shown below.

HD

The Daily View for Home Depot

  • At the moment, HD’s price is up $3.45 (0.94%) from the day prior.
  • Home Depot has seen its price go up 4 out of the past 5 days, thus creating some compelling opportunities for bulls.
  • As for the trend on the daily timeframe, we see the clearest trend on the 20 day timeframe.
  • The moving averages on the daily timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.
  • Divergence alert: Trend in HD’s price and its RSI are diverging. HD’s price is rising faster than its RSI.

Below is a daily price chart of Home Depot.

HD

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