HOME DEPOT INC. THE - 15 min. - Technical analysis published on 07/28/2021 (GMT)
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- Timeframe : 15 min.
- - Analysis generated on
- Status : TARGET REACHED
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Summary of the analysis
Trends
Short term:
Strongly bearish
Underlying:
Bearish
Technical indicators
22%
50%
28%
My opinion
Bearish under 328.40 USD
My targets
324.92 USD (-0.74%)
322.58 USD (-1.45%)
My analysis
In the short term, we can see an acceleration in the bearish trend on HOME DEPOT INC. THE, which is a positive signal for sellers. As long as the price remains above 328.40 USD, a sale could be considered. The first bearish objective is located at 324.92 USD. The bearish momentum would be revived by a break in this support. Sellers would then use the next support located at 322.58 USD as an objective. Crossing it would then enable sellers to target 319.10 USD. If the price were to return above 328.40 USD, it would probably only trigger a small rebound in the short term to give a better base for restarting. Trading this rebound may be risky.
Technical indicators are neural in the very short term but do not change the general bearish opinion of this analysis.
Force
0
10
5.5
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This analysis was given by Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
The HOME DEPOT INC. THE price is 327.33 USD. The price has increased by +0.02% since the last closing with the lowest point at 325.79 USD and the highest point at 329.33 USD. The deviation from the price is +0.47% for the low point and -0.61% for the high point.325.79
329.33
327.33
The Central Gaps scanner detects a bearish opening marking the presence of sellers ahead of buyers at the opening but not sufficiently marked to allow the price to register a quotation gap.
Bearish opening
Type : Bearish
Timeframe : Openning
So that you have an overall view of the price change, here is a table showing the variations over several periods:
Near a new HIGH record (5 years)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1 year)
Type : Bullish
Timeframe : Weekly
Near a new HIGH record (1st january)
Type : Bullish
Timeframe : Weekly
Technical
Technical analysis of HOME DEPOT INC. THE in 15 min. shows an overall bearish trend. 78.57% of the signals given by moving averages are bearish. The overall trend is reinforced by the strong bearish signals from short-term moving averages. There is no crossing of moving average by the price or crossing of moving averages between themselves.
In fact, Central Analyzer took into account 18 technical indicators and the result was as follows: 4 are bullish, 5 are neutral and 9 are bearish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
Momentum indicator is back under 0
Type : Bearish
Timeframe : 15 minutes
Williams %R indicator is back under -50
Type : Bearish
Timeframe : 15 minutes
Central Patterns, the market scanner focusing on chart patterns, resistances and supports found these results:
Near horizontal support
Type : Bullish
Timeframe : 15 minutes
Near support of triangle
Type : Bullish
Timeframe : 15 minutes
Support of channel is broken
Type : Bearish
Timeframe : 15 minutes
For a small setback in the very short term, the Central Candlesticks scanner currently notes the presence of this bearish pattern in Japanese candlesticks:
Bearish engulfing lines
Type : Bearish
Timeframe : 15 minutes
ProTrendLines
S3
S2
S1
R1
R2
R3
Price
| S3 | S2 | S1 | Price | R1 | R2 | R3 | |
|---|---|---|---|---|---|---|---|
| ProTrendLines | 302.61 | 317.04 | 320.33 | 327.33 | 328.08 | 333.45 | 341.12 |
| Change (%) | -7.55% | -3.14% | -2.14% | - | +0.23% | +1.87% | +4.21% |
| Change | -24.72 | -10.29 | -7.00 | - | +0.75 | +6.12 | +13.79 |
| Level | Minor | Major | Minor | - | Intermediate | Intermediate | Major |
Attention could also be paid to pivot points to set price objectives:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 319.10 | 322.58 | 324.92 | 328.40 | 330.74 | 334.22 | 336.56 |
| Camarilla | 325.66 | 326.19 | 326.73 | 327.26 | 327.79 | 328.33 | 328.86 |
| Woodie | 318.53 | 322.30 | 324.35 | 328.12 | 330.17 | 333.94 | 335.99 |
| Fibonacci | 322.58 | 324.80 | 326.18 | 328.40 | 330.62 | 332.00 | 334.22 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 302.14 | 308.53 | 320.68 | 327.07 | 339.22 | 345.61 | 357.76 |
| Camarilla | 327.74 | 329.44 | 331.14 | 332.84 | 334.54 | 336.24 | 337.94 |
| Woodie | 305.03 | 309.97 | 323.57 | 328.51 | 342.11 | 347.05 | 360.65 |
| Fibonacci | 308.53 | 315.61 | 319.98 | 327.07 | 334.15 | 338.52 | 345.61 |
Monthly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 282.86 | 290.63 | 304.76 | 312.53 | 326.66 | 334.43 | 348.56 |
| Camarilla | 312.87 | 314.88 | 316.88 | 318.89 | 320.90 | 322.91 | 324.91 |
| Woodie | 286.04 | 292.22 | 307.94 | 314.12 | 329.84 | 336.02 | 351.74 |
| Fibonacci | 290.63 | 299.00 | 304.16 | 312.53 | 320.90 | 326.06 | 334.43 |
Numerical data
The following is the status of technical indicators and moving averages registered at the time this technical analysis was created:
Technical indicators
Moving averages
| RSI (14): | 46.17 | |
| MACD (12,26,9): | -0.1700 | |
| Directional Movement: | -12.06 | |
| AROON (14): | 7.14 | |
| DEMA (21): | 327.46 | |
| Parabolic SAR (0,02-0,02-0,2): | 326.19 | |
| Elder Ray (13): | -0.26 | |
| Super Trend (3,10): | 329.73 | |
| Zig ZAG (10): | 327.38 | |
| VORTEX (21): | 1.0000 | |
| Stochastique (14,3,5): | 46.70 | |
| TEMA (21): | 327.61 | |
| Williams %R (14): | -55.65 | |
| Chande Momentum Oscillator (20): | -0.36 | |
| Repulse (5,40,3): | -0.0600 | |
| ROCnROLL: | 2 | |
| TRIX (15,9): | -0.0100 | |
| Courbe Coppock: | 0.05 |
| MA7: | 328.17 | |
| MA20: | 323.22 | |
| MA50: | 316.22 | |
| MA100: | 312.13 | |
| MAexp7: | 327.59 | |
| MAexp20: | 327.74 | |
| MAexp50: | 328.19 | |
| MAexp100: | 328.05 | |
| Price / MA7: | -0.26% | |
| Price / MA20: | +1.27% | |
| Price / MA50: | +3.51% | |
| Price / MA100: | +4.87% | |
| Price / MAexp7: | -0.08% | |
| Price / MAexp20: | -0.13% | |
| Price / MAexp50: | -0.26% | |
| Price / MAexp100: | -0.22% |
Quotes :
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15 min delayed data
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NYSE Stocks
News
The last news published on HOME DEPOT INC. THE at the time of the generation of this analysis was as follows:
-
Home Depot blames opioid crisis for shoplifting spike
- FireIce XT 20 oz. Aerosol NOW Available on Homedepot.com
- The Home Depot to Provide Update on Transformational "One Home Depot" Investment Strategy to Extend Market Leadership
- Screening the Extended Workforce: First Advantage Webinar to Feature Insights from Gap, The Home Depot and IKEA
- The Home Depot to Host 2019 Investor and Analyst Conference
This member declared not having a position on this financial instrument or a related financial instrument.
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