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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 - 15 min. - Technical analysis published on 08/24/2024 (GMT)

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  • Timeframe : 15 min.
  • - Analysis generated on
  • Status : LEVEL MAINTAINED

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Summary of the analysis

Trends
Short term: Strongly bullish
Underlying: Strongly bullish
Technical indicators
78%
0%
22%
My opinion
Bullish above 372.37 USD
My targets
379.54 USD (+1.05%)
383.50 USD (+2.11%)
My analysis
The bullish trend is currently very strong on HOME DEPOT INC. THE. As long as the price remains above the support at 372.37 USD, you could try to benefit from the boom. The first bullish objective is located at 379.54 USD. The bullish momentum would be boosted by a break in this resistance. Buyers would then use the next resistance located at 383.50 USD as an objective. Crossing it would then enable buyers to target 390.67 USD. Be careful, given the powerful bullish rally underway, excesses could lead to a possible correction in the short term. If this is the case, remember that trading against the trend may be riskier. It would seem more appropriate to wait for a signal indicating reversal of the trend.

In the very short term, the general bullish sentiment is confirmed by technical indicators. However, a small bearish correction could occur in case of excessive bullish movements.
Force
0
10
8.6

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.

aljoeed
This analysis was given by aljoeed. Take part yourself by sharing additional analysis on another time unit:
1H Daily Weekly

Additional analysis

Quotes

HOME DEPOT INC. THE rating 375.59 USD. The price registered an increase of +2.80% on the session and was traded between 365.19 USD and 376.32 USD over the period. The price is currently at +2.85% from its lowest and -0.19% from its highest.

365.19
376.32
375.59

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 results:

Central Records

Near a new HIGH record (1 year)

Type : Bullish

Timeframe : Weekly


Near a new HIGH record (1st january)

Type : Bullish

Timeframe : Weekly


New HIGH record (1 month)

Type : Bullish

Timeframe : Weekly



Technical


Technical analysis of this 15 min. chart of HOME DEPOT INC. THE indicates that the overall trend is strongly bullish. 92.86% of the signals given by moving averages are bullish. The overall trend is supported by the strong bullish 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, 14 technical indicators on 18 studied are currently positioned bullish. But beware of excesses. The Central Indicators scanner currently detects this:

Central Indicators

RSI indicator is overbought : over 70

Type : Neutral

Timeframe : 15 minutes


CCI indicator is overbought : over 100

Type : Neutral

Timeframe : 15 minutes


Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : 15 minutes

Other results related to technical indicators were also found by the Central Indicators scanner:

Central Indicators

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly


Pivot points : price is over resistance 2

Type : Neutral

Timeframe : 15 minutes



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

Central Patterns

Near resistance of channel

Type : Bearish

Timeframe : 15 minutes


Near horizontal support

Type : Bullish

Timeframe : 15 minutes



Central Candlesticks, the scanner specialised in Japanese candlesticks, detects a bullish signal that could support the hypothesis of a small rebound in the very short term:

Central Candlesticks

Bullish engulfing lines

Type : Bullish

Timeframe : 15 minutes




ProTrendLines
S3
S2
S1
R1
R2
Price


S3S2S1PriceR1R2
ProTrendLines 349.33 364.61 371.89 375.59 375.63 392.67
Change (%) -6.99% -2.92% -0.99% - +0.01% +4.55%
Change -26.26 -10.98 -3.70 - +0.04 +17.08
Level Minor Minor Major - Intermediate Major



Attention could also be paid to pivot points to set price objectives:

Daily
Pivot points S3 S2 S1 PP R1 R2 R3
Standard357.28361.24368.41372.37379.54383.50390.67
Camarilla372.53373.55374.57375.59376.61377.63378.65
Woodie358.90362.04370.03373.17381.16384.30392.29
Fibonacci361.24365.49368.12372.37376.62379.25383.50


Weekly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard349.47354.98365.29370.80381.11386.62396.93
Camarilla371.24372.69374.14375.59377.04378.49379.94
Woodie351.86356.18367.68372.00383.50387.82399.32
Fibonacci354.98361.03364.76370.80376.85380.58386.62


Monthly
Pivot points S3 S2 S1 PP R1 R2 R3
Standard297.19314.41341.29358.51385.39402.61429.49
Camarilla356.03360.08364.12368.16372.20376.25380.29
Woodie302.01316.83346.11360.93390.21405.03434.31
Fibonacci314.41331.26341.67358.51375.36385.77402.61

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): 73.02
MACD (12,26,9): 1.4400
Directional Movement: 18.24
AROON (14): 100.00
DEMA (21): 375.06
Parabolic SAR (0,02-0,02-0,2): 373.83
Elder Ray (13): 1.65
Super Trend (3,10): 372.39
Zig ZAG (10): 375.60
VORTEX (21): 1.1700
Stochastique (14,3,5): 93.35
TEMA (21): 375.63
Williams %R (14): -14.09
Chande Momentum Oscillator (20): 3.48
Repulse (5,40,3): 0.3700
ROCnROLL: 1
TRIX (15,9): 0.0500
Courbe Coppock: 1.25
MA7: 366.27
MA20: 358.31
MA50: 353.58
MA100: 345.20
MAexp7: 374.67
MAexp20: 373.19
MAexp50: 371.15
MAexp100: 368.93
Price / MA7: +2.54%
Price / MA20: +4.82%
Price / MA50: +6.22%
Price / MA100: +8.80%
Price / MAexp7: +0.25%
Price / MAexp20: +0.65%
Price / MAexp50: +1.20%
Price / MAexp100: +1.81%

Quotes : - 15 min delayed data - NYSE Stocks

News


The latest news and videos published on HOME DEPOT INC. THE at the time of the analysis were as follows:

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

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