Home Depot (HD) Closes Last Hour Down $-0.91; Crosses 20, 50 and 100 Day Moving Averages, 2 Day Down Streak Broken, Nears 100 Day Moving Average
This is the 2nd straight hour home depot has seen its price head down.
HD
(Last Updated January 18, 2021)
Welcome to the news page for Home Depot Inc (HD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
The Trend
As for trends on HD, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to sell for those interested in playing the longer term trend.
HD Moving Averages
HD’s moving averages tell a multi-facted story about its trend. The 20 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 50 and 100 day averages are pointing downward, suggesting a bearish trend on those timeframes.
Below is a chart showing HD’s price with its moving averages.
Home Depot (HD) Closes Prior Hour Down -0.16%; Crosses 20, 50 and 100 Day Moving Averages, 2 Day Down Streak Ended, is Inching Close to 100 Day Average
As for how volume fared, yesterday’s volume was up 9.67% from the previous day (saturday), and up 28.8% from sunday of the week before.
Home Depot (HD) Closes Last Hour Down $-1.81; Eyes 100 Day Average, Price Base in Formation Over Past 30 Days, Heads Up For the 3rd Consecutive Day
This is the 3rd hour in a row home depot has seen its price head down.
Home Depot (HD) Price Near $266.24; 2 Day Up Streak Broken, Crosses 20 Day Moving Average
The change in price came along side change in volume that was down 3.05% from previous day, but up 45.54% from the thursday of last week.
Home Depot (HD) Closes Last Hour Up $0.32; in a Downtrend Over Past 14 Days, Eyes 20 Day Average
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
Home Depot (HD) Closes Last Hour Up $0.57; Pin Bar Pattern Appearing on Chart, 3 Day Down Streak Snapped, Price Base in Formation Over Past 14 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
Home Depot (HD) Closes Prior Hour Up 0.36%; 3 Day Down Streak Ended, Price Base in Formation Over Past 14 Days, Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone up 7 out of the past 14 days.
Home Depot (HD) Price Near $266.06; Heads Down For the 2nd Consecutive Day, Breaks Below 20 Day Average
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.
Home Depot (HD) Price Near $270.96; 2 Day Down Streak Snapped
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Home Depot (HD) Closes Prior Hour Down -0.16%; is Inching Close to 20 Day Average, in an Uptrend Over Past 14 Days, Doji and Pin Bar Patterns Appearing on Chart
This move is a reversal from the hour prior, which saw price move up.