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 - Daily - Technical analysis published on 12/01/2024 (GMT)

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Timeframe : Daily
- Analysis generated on
Status : INVALID

Summary of the analysis

Trends

Short term: Strongly bullish

Underlying: Strongly bullish

Technical indicators

78%

22%

My opinion

Bullish above 416.42 USD

My targets

444.03 USD (+3.37%)

My analysis

All elements being clearly bullish, it would be possible for traders to trade only long positions (at the time of purchase) on HOME DEPOT INC. THE as long as the price remains well above 416.42 USD. The buyers' bullish objective is set at 444.03 USD. A bullish break in this resistance would boost the bullish momentum. However, beware of bullish excesses that could lead to a possible short-term correction; but this possible correction would not be tradeable.

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

8.6

Comment on the analysis

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.

This analysis was given by euletthomas. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HOME DEPOT INC. THE rating is 429.56 USD. On the day, this instrument gained +0.56% and was between 427.54 USD and 431.00 USD. This implies that the price is at +0.47% from its lowest and at -0.33% from its highest.

427.54

431.00

429.56

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.

Bullish opening

Type : Bullish

Timeframe : Openning

A study of price movements over other periods shows the following variations:

The Central Records scanner for higher/lower results shows the following items:

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

Near a new HIGH record (1 month)

Type : Bullish

Timeframe : Weekly

Technical

Technical analysis of this Daily chart of HOME DEPOT INC. THE indicates that the overall trend is strongly bullish. The signals given by the moving averages are 92.86% bullish. This strong bullish trend is confirmed by the strong signals currently being given by 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:

CCI indicator is overbought : over 100

Type : Neutral

Timeframe : Daily

Williams %R indicator is overbought : over -20

Type : Neutral

Timeframe : Daily

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

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Daily

Pivot points : price is over resistance 1

Type : Neutral

Timeframe : Weekly

An analysis of the price chart with the Central Patterns scanner (detector of chart patterns and resistances and supports) shows a result that can have an impact on the price change:

Near resistance of channel

Type : Bearish

Timeframe : Daily

The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.

ProTrendLines

Price

	S3	S2	S1	Price
ProTrendLines	364.50	388.26	416.42	429.56
Change (%)	-15.15%	-9.61%	-3.06%	-
Change	-65.06	-41.30	-13.14	-
Level	Intermediate	Major	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	424.27	425.91	427.73	429.37	431.19	432.83	434.65
Camarilla	428.61	428.93	429.24	429.56	429.88	430.19	430.51
Woodie	424.37	425.96	427.83	429.42	431.29	432.88	434.75
Fibonacci	425.91	427.23	428.05	429.37	430.69	431.51	432.83

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	407.35	414.79	422.18	429.62	437.01	444.45	451.84
Camarilla	425.48	426.84	428.20	429.56	430.92	432.28	433.64
Woodie	407.32	414.78	422.15	429.61	436.98	444.44	451.81
Fibonacci	414.79	420.46	423.96	429.62	435.29	438.79	444.45

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	347.01	367.01	379.35	399.35	411.69	431.69	444.03
Camarilla	382.80	385.76	388.73	391.69	394.66	397.62	400.58
Woodie	343.18	365.10	375.52	397.44	407.86	429.78	440.20
Fibonacci	367.01	379.36	387.00	399.35	411.70	419.34	431.69

Numerical data

The following are the details of the technical indicators and moving averages that were collected to generate this technical analysis:

Technical indicators

Moving averages

RSI (14):	67.51
MACD (12,26,9):	7.2300
Directional Movement:	22.69
AROON (14):	35.71
DEMA (21):	419.68
Parabolic SAR (0,02-0,02-0,2):	407.72
Elder Ray (13):	13.76
Super Trend (3,10):	403.78
Zig ZAG (10):	429.56
VORTEX (21):	1.0800
Stochastique (14,3,5):	78.68
TEMA (21):	423.55
Williams %R (14):	-18.86
Chande Momentum Oscillator (20):	28.59
Repulse (5,40,3):	0.6400
ROCnROLL:	1
TRIX (15,9):	0.1400
Courbe Coppock:	11.37

MA7:	419.21
MA20:	407.08
MA50:	404.66
MA100:	382.65
MAexp7:	421.51
MAexp20:	411.49
MAexp50:	400.92
MAexp100:	386.68
Price / MA7:	+2.47%
Price / MA20:	+5.52%
Price / MA50:	+6.15%
Price / MA100:	+12.26%
Price / MAexp7:	+1.91%
Price / MAexp20:	+4.39%
Price / MAexp50:	+7.14%
Price / MAexp100:	+11.09%

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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