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.
(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:
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’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.
This is the 2nd straight hour home depot has seen its price head down.
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.
This is the 3rd hour in a row home depot has seen its price head down.
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.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
For additional context, note that price has gone up 7 out of the past 14 days.
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.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.