HOME DEPOT INC. THE - Daily - Technical analysis published on 06/28/2019 (GMT)
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- Timeframe : Daily
- - Analysis generated on
- Status : TARGET REACHED
Summary of the analysis
Trends
Court terme:
Strongly bullish
De fond:
Strongly bullish
Technical indicators
61%
11%
28%
My opinion
Bullish above 206.70 USD
My targets
213.85 USD (+3.30%)
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 206.70 USD. The buyers” bullish objective is set at 213.85 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.
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 Vincent Launay. Take part yourself by sharing additional analysis on another time unit:
Additional analysis
Quotes
HOME DEPOT INC. THE rating 207.02 USD. On the day, this instrument gained +0.29% and was between 206.01 USD and 208.00 USD. This implies that the price is at +0.49% from its lowest and at -0.47% from its highest.206.01
208.00
207.02
A bullish gap was detected at the opening by the Central Gaps scanner. There are a lot of buyers and they have the upper hand in the very short term.
Opening Gap UP
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:
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
Near a new HIGH record (1 month)
Type : Bullish
Timeframe : Weekly
Technical
A technical analysis in Daily of this HOME DEPOT INC. THE chart shows a strongly bullish trend. 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. The Central Indicators scanner does not detect any result on moving averages that would impact this trend.
In fact, according to the parameters integrated into the Central Analyzer system, 11 technical indicators out of 18 analysed are currently bullish. Central Indicators, the scanner specialised in technical indicators, has identified these signals:
Price is back over the pivot point
Type : Bullish
Timeframe : Daily
Price is back over the pivot point
Type : Bullish
Timeframe : Weekly
No signals are given by Central Patterns, a market scanner specialised in chart patterns, resistances and supports.
The Central Candlesticks scanner which studies Japanese candlesticks did not detect anything.
ProTrendLines
S3
S2
S1
R1
Price
| S3 | S2 | S1 | Price | R1 | |
|---|---|---|---|---|---|
| ProTrendLines | 181.14 | 192.40 | 206.70 | 207.02 | 213.85 |
| Change (%) | -12.50% | -7.06% | -0.15% | - | +3.30% |
| Change | -25.88 | -14.62 | -0.32 | - | +6.83 |
| Level | Minor | Major | Intermediate | - | Major |
Pivot points can also be used to set your price objectives. Here is the price situation in relation to pivot points:
Daily
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 202.27 | 203.46 | 204.94 | 206.13 | 207.61 | 208.80 | 210.28 |
| Camarilla | 205.69 | 205.93 | 206.18 | 206.42 | 206.66 | 206.91 | 207.15 |
| Woodie | 202.41 | 203.53 | 205.09 | 206.20 | 207.76 | 208.87 | 210.43 |
| Fibonacci | 203.46 | 204.48 | 205.11 | 206.13 | 207.15 | 207.78 | 208.80 |
Weekly
| Pivot points | S3 | S2 | S1 | PP | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Standard | 200.11 | 203.00 | 206.20 | 209.09 | 212.29 | 215.18 | 218.38 |
| Camarilla | 207.72 | 208.27 | 208.83 | 209.39 | 209.95 | 210.51 | 211.06 |
| Woodie | 200.26 | 203.08 | 206.35 | 209.17 | 212.43 | 215.26 | 218.52 |
| Fibonacci | 203.00 | 205.33 | 206.77 | 209.09 | 211.42 | 212.86 | 215.18 |
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): | 63.44 | |
| MACD (12,26,9): | 3.5600 | |
| Directional Movement: | 10.38 | |
| AROON (14): | 57.14 | |
| DEMA (21): | 207.15 | |
| Parabolic SAR (0,02-0,02-0,2): | 211.38 | |
| Elder Ray (13): | 2.28 | |
| Super Trend (3,10): | 200.17 | |
| Zig ZAG (10): | 207.02 | |
| VORTEX (21): | 1.2100 | |
| Stochastique (14,3,5): | 64.05 | |
| TEMA (21): | 209.34 | |
| Williams %R (14): | -30.77 | |
| Chande Momentum Oscillator (20): | 9.01 | |
| Repulse (5,40,3): | -0.8800 | |
| ROCnROLL: | 1 | |
| TRIX (15,9): | 0.2400 | |
| Courbe Coppock: | 12.43 |
| MA7: | 207.47 | |
| MA20: | 201.58 | |
| MA50: | 198.07 | |
| MA100: | 193.00 | |
| MAexp7: | 206.39 | |
| MAexp20: | 202.75 | |
| MAexp50: | 198.20 | |
| MAexp100: | 193.83 | |
| Price / MA7: | -0.22% | |
| Price / MA20: | +2.70% | |
| Price / MA50: | +4.52% | |
| Price / MA100: | +7.26% | |
| Price / MAexp7: | +0.31% | |
| Price / MAexp20: | +2.11% | |
| Price / MAexp50: | +4.45% | |
| Price / MAexp100: | +6.80% |
News
The last news published on HOME DEPOT INC. THE at the time of the generation of this analysis was as follows:
-
Why Home Depot Failed In China
- InvestorsObserver releases stock and option data on Boeing, Coupa Software, Tableau Software, Home Depot, and Qualcomm
- The Home Depot Foundation Commits $250,000 in Response to Tornadoes and Flooding
- The Home Depot Declares First Quarter Dividend of $1.36
-
Home Depot Is Doubling Down On Tool Rentals
This member declared not having a position on this financial instrument or a related financial instrument.
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