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HOME DEPOT INC. THE
HOME DEPOT INC. THE
- USD (-)
- 15 min delayed data - NYSE Stocks
Open: -
Change: -
Volume: -
Low: -
High: -
High / Low range: -
Type: Stocks
Ticker: HD
ISIN:

HOME DEPOT INC. THE - 1H - Technical analysis published on 06/08/2021 (GMT)

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  • Timeframe : 1H
  • - Analysis generated on
  • Status : TARGET REACHED

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Summary of the analysis

Trends
Short term: Neutral
Underlying: Bearish
Technical indicators
61%
6%
33%
My opinion
Bearish under 314.56 USD
My targets
309.21 USD (-0.69%)
291.93 USD (-6.24%)
My analysis
We are currently in a phase of short-term indecision. In a case like this, you could favour trades in the direction of the basic trend on HOME DEPOT INC. THE. As long as you are under the resistance located at 314.56 USD, traders with an aggressive trading strategy could consider a sale. A cross of the support located at 309.21 USD would be a signal of a reversal in the basic trend and the short-term trend could then quickly become bearish. Sellers would then use the next support located at 291.93 USD as an objective. Crossing it would then enable sellers to target 273.97 USD. If the resistance 314.56 USD were to be broken, this would simply be a sign of possible further short-term consolidation and trading against this trend would then perhaps be more risky.

Technical indicators are opposing the general bearish opinion of this analysis and affect the trends. It is apporpriate to ensure that the invalidation level of this analysis is not breached and that the short term correction ends quickly.
Force
0
10
1.4

Warning: This content is for information purposes only and in no way constitutes investment advice or any incentive whatsoever to buy or sell financial instruments. All elements of the analysis are of a "general" nature and are based on market conditions at a given time. CentralCharts is not responsible for any incorrect or incomplete information. Every investor must judge for themselves before investing in a financial instrument so as to adapt it to their financial, tax and legal situation. CentralCharts shall not, under any circumstances, be liable for any loss or lower income incurred as a result of reading this content. Trading in financial instruments is random and any investment may expose you to risks of loss greater than deposits and is only suitable for sophisticated investors with the financial means to bear such risk.

Vincent Launay
This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
15 min. Daily Weekly

Additional analysis

Quotes

The HOME DEPOT INC. THE rating is 311.36 USD. The price has increased by +0.45% since the last closing and was between 308.98 USD and 311.84 USD. This implies that the price is at +0.77% from its lowest and at -0.15% from its highest.

308.98
311.84
311.36

The Central Gaps scanner detects a bullish opening marking the presence of buyers ahead of sellers at the opening but not sufficiently marked to allow the price to register a quotation gap.

Central Gaps

Bullish opening

Type : Bullish

Timeframe : Openning



So that you have an overall view of the price change, here is a table showing the variations over several periods:
The study of the highest / lowest by the Central Records scanner shows the following result:

Central Records

Near a new LOW record (1 month)

Type : Bearish

Timeframe : Weekly



Technical


Technical analysis of this 1H chart of HOME DEPOT INC. THE indicates that the overall trend is bearish. 75.00% of the signals given by moving averages are bearish. Caution: as the signals currently given by short-term moving averages are rather neutral, the bearish trend could slow down. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.

An assessment of technical indicators shows a moderate bullish signal.
The Central Indicators scanner found this result concerning these indicators:

Central Indicators

Price is back under the pivot point

Type : Bearish

Timeframe : Weekly



The Central Patterns scanner, which studies chart patterns, resistances and supports, has identified these signals:

Central Patterns

Near horizontal support

Type : Bullish

Timeframe : 1 hour


Support of channel is broken

Type : Bearish

Timeframe : 1 hour



The presence of a bearish pattern in Japanese candlesticks detected by Central Candlesticks that could cause a correction in the very short term was also detected:

Central Candlesticks

Bearish harami

Type : Bearish

Timeframe : 1 hour




ProTrendLines
S3
S2
S1
R1
R2
R3
Price


S3S2S1PriceR1R2R3
ProTrendLines 273.97 291.93 309.21 311.36 314.56 321.51 328.08
Change (%) -12.01% -6.24% -0.69% - +1.03% +3.26% +5.37%
Change -37.39 -19.43 -2.15 - +3.20 +10.15 +16.72
Level Minor Major Intermediate - Major Major Minor



To determine price objectives, it is also possible to use the pivot points. Here is the price position in relation to pivot points:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard303.33305.61307.78310.06312.23314.51316.68
Camarilla308.74309.14309.55309.96310.37310.78311.18
Woodie303.29305.58307.74310.03312.19314.48316.64
Fibonacci305.61307.31308.36310.06311.76312.81314.51


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard296.82303.08307.05313.31317.28323.54327.51
Camarilla308.20309.14310.07311.01311.95312.89313.82
Woodie295.67302.51305.90312.74316.13322.97326.36
Fibonacci303.08306.99309.41313.31317.22319.64323.54


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard265.40286.42301.84322.86338.28359.30374.72
Camarilla307.23310.57313.91317.25320.59323.93327.27
Woodie262.59285.02299.03321.46335.47357.90371.91
Fibonacci286.42300.34308.94322.86336.78345.38359.30

Numerical data


The following is the status of the technical indicators and moving averages at the time of publication of this technical analysis:

Technical indicators
Moving averages

RSI (14): 50.01
MACD (12,26,9): -0.7600
Directional Movement: 7.24
AROON (14): -28.57
DEMA (21): 309.22
Parabolic SAR (0,02-0,02-0,2): 308.11
Elder Ray (13): 0.67
Super Trend (3,10): 312.27
Zig ZAG (10): 311.36
VORTEX (21): 0.9600
Stochastique (14,3,5): 58.17
TEMA (21): 309.42
Williams %R (14): -39.02
Chande Momentum Oscillator (20): -0.11
Repulse (5,40,3): 0.2100
ROCnROLL: -1
TRIX (15,9): -0.0600
Courbe Coppock: 0.46
MA7: 312.61
MA20: 315.69
MA50: 318.31
MA100: 295.28
MAexp7: 310.07
MAexp20: 310.40
MAexp50: 312.28
MAexp100: 314.71
Price / MA7: -0.40%
Price / MA20: -1.37%
Price / MA50: -2.18%
Price / MA100: +5.45%
Price / MAexp7: +0.42%
Price / MAexp20: +0.31%
Price / MAexp50: -0.29%
Price / MAexp100: -1.06%

Quotes : - 15 min delayed data - NYSE Stocks

News


The last news published on HOME DEPOT INC. THE at the time of the generation of this analysis was as follows:

This member declared not having a position on this financial instrument or a related financial instrument.

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