The Greedy Trader Weekly Analysis
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Home Depot (HD)

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Home Depot (HD). During the week, the HD dropped -5.64 points, or -2.29%, and closed at 241.01 on Friday, June 26, 2020. Weekly volume was -39% below average.

Long-term trend: [See HD long-term trend chart]
A long-term uptrend had started on October 10, 2008 at 17.05 and reached 259.29 on June 10, 2020. HD gained -242.24 points, or -1420.76%, in 608 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (140.77) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See HD medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 140.63 and reached 259.29 on June 10, 2020. HD gained -118.66 points, or -84.38%, in 12 weeks. The price is now at the 15.41% retracement level.

Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 1, 2020. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See HD short-term trend chart]
A short-term downtrend had started on June 17, 2020 at 254.62 and reached 240.25 on June 26, 2020. HD lost 14.37 points, or 5.64%, in 9 days. The price is now at the 5.29% retracement level.

Daily Technical Indicators: [See HD daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since June 9, 2020. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.59
Williams' Percentage Range (W%R) 55.80
Lane's Stochastic (%D-Slow) 51.24
Greed/Fear Indicator (GFI) 43.01
Moving Average Converg./Diverg. (MACD) 4.04
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.87
Williams' Percentage Range (W%R) 11.70
Overbought
Lane's Stochastic (%D-Slow) 87.50
Overbought
Greed/Fear Indicator (GFI) 79.82
Moving Average Converg./Diverg. (MACD) 3.09
Trading Signals
Description Value Chart
Upper Bollinger Band 255.58
Weekly Stochastic Crossing 253.00
Parabolic System 252.45
20 Day Moving Average 248.74
Daily Stochastic Crossing 247.32
Price 241.01
50 Day Moving Average 236.03
Lower Bollinger Band 235.72
Yearly Trendline Resistance 204.55
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Home Improvement Retail 128
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 253.44
High Date 06/23/2020
Low 240.25
Low Date 06/26/2020
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 254.62
High Date 06/17/2020
Low 240.25
Low Date 06/26/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 259.29
High Date 06/10/2020
Low 234.31
Low Date 06/15/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 140.63
Low Date 03/18/2020
High 259.29
High Date 06/10/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 204.55
Support 140.77
Low 17.05
Low Date 10/10/2008
High 259.29
High Date 06/10/2020
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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