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 09/10/2019 (GMT)

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Londinia

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Timeframe : Daily
- Analysis generated on
Status : LEVEL MAINTAINED

Summary of the analysis

Trends

Court terme: Strongly bullish

De fond: Strongly bullish

Technical indicators

83%

17%

My opinion

Bullish above 213.85 USD

My targets

236.98 USD (+1.76%)

247.44 USD (+6.26%)

My analysis

HOME DEPOT INC. THE is part of a very strong bullish trend. Traders may consider trading only long positions (at the time of purchase) as long as the price remains well above 213.85 USD. The next resistance located at 236.98 USD is the next bullish objective to be reached. A bullish break in this resistance would boost the bullish momentum. The bullish movement could then continue towards the next resistance located at 247.44 USD. After this resistance, buyers could then target 267.01 USD. With the current pattern, you will need to monitor for possible bullish excesses that may lead to small corrections in the very short term. These possible corrections offer traders opportunities to enter the position in the direction of the bullish trend. Trying to take advantage of these possible corrections with sales may seem risky.

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 emerick. Take part yourself by sharing additional analysis on another time unit:

Additional analysis

Quotes

The HOME DEPOT INC. THE price is 232.87 USD. The price registered an increase of +0.75% on the session and was traded between 230.07 USD and 233.87 USD over the period. The price is currently at +1.22% from its lowest and -0.43% from its highest.

230.07

233.87

232.87

The Central Gaps scanner detects the formation of a bullish gap marking the strong presence of buyers against sellers at the opening. This formed a quotation gap.

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:

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

New HIGH record (5 years)

Type : Bullish

Timeframe : Weekly

New HIGH record (1 year)

Type : Bullish

Timeframe : Weekly

New HIGH record (1st january)

Type : Bullish

Timeframe : Weekly

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 market scanner currently does not detect any result that concerns moving averages.

In fact, 15 technical indicators on 18 studied are currently positioned bullish. Caution: the Central Indicators scanner currently detects an excess:

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

Price is back over the pivot point

Type : Bullish

Timeframe : Weekly

Central Patterns, the market scanner focusing on chart patterns, resistances and supports found this result:

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	192.40	206.70	213.85	232.87
Change (%)	-17.38%	-11.24%	-8.17%	-
Change	-40.47	-26.17	-19.02	-
Level	Intermediate	Minor	Major	-

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

Daily

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	225.39	226.64	228.88	230.13	232.37	233.62	235.86
Camarilla	230.17	230.49	230.81	231.13	231.45	231.77	232.09
Woodie	225.90	226.89	229.39	230.38	232.88	233.87	236.37
Fibonacci	226.64	227.97	228.79	230.13	231.46	232.28	233.62

Weekly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	212.07	215.70	222.71	226.33	233.34	236.97	243.98
Camarilla	226.79	227.77	228.74	229.72	230.69	231.67	232.64
Woodie	213.77	216.54	224.40	227.18	235.03	237.81	245.67
Fibonacci	215.70	219.76	222.27	226.33	230.39	232.90	236.97

Monthly

Pivot points	S3	S2	S1	PP	R1	R2	R3
Standard	176.91	187.37	206.94	217.41	236.98	247.44	267.01
Camarilla	218.26	221.01	223.76	226.52	229.27	232.02	234.78
Woodie	181.46	189.65	211.50	219.68	241.53	249.72	271.57
Fibonacci	187.37	198.84	205.93	217.41	228.88	235.97	247.44

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):	71.06
MACD (12,26,9):	5.3900
Directional Movement:	24.64
AROON (14):	100.00
DEMA (21):	226.64
Parabolic SAR (0,02-0,02-0,2):	216.76
Elder Ray (13):	8.58
Super Trend (3,10):	219.47
Zig ZAG (10):	232.87
VORTEX (21):	1.1000
Stochastique (14,3,5):	97.52
TEMA (21):	229.99
Williams %R (14):	-4.35
Chande Momentum Oscillator (20):	13.82
Repulse (5,40,3):	2.6500
ROCnROLL:	1
TRIX (15,9):	0.2400
Courbe Coppock:	18.75

MA7:	227.35
MA20:	216.98
MA50:	213.77
MA100:	205.31
MAexp7:	227.28
MAexp20:	220.37
MAexp50:	213.68
MAexp100:	206.78
Price / MA7:	+2.43%
Price / MA20:	+7.32%
Price / MA50:	+8.93%
Price / MA100:	+13.42%
Price / MAexp7:	+2.46%
Price / MAexp20:	+5.67%
Price / MAexp50:	+8.98%
Price / MAexp100:	+12.62%

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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