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Archive
- 10/9/2026 -
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Home Depot (HD) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a first positive week after 8 consecutive negative weeks for the Home Depot (HD). During the week, the HD gained 7.89 points, or 2.79%, and closed at 290.74 on Friday, October 9, 2026. It was the best weekly gain since August 7, 2026. Weekly volume was 31% above average.
 Long-term trend: [See HD long-term trend chart]
A long-term downtrend had started on November 26, 2024 at 439.40 and reached 277.15 on October 1, 2026. HD lost 162.25 points, or 36.93%, in 96 weeks. The price is now at the 8.38% retracement level.
 Medium-term trend: [See HD medium-term trend chart]
A medium-term downtrend had started on July 6, 2026 at 358.85 and reached 277.15 on October 1, 2026. HD lost 81.70 points, or 22.77%, in 12 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 271.53 and resistance is at 357.56. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 link to access Lane's Stochastic help.
The weekly MACD line is below its signal line since September 4, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 August 11, 2026 at 358.36 and reached 277.15 on October 1, 2026. HD lost 81.21 points, or 22.66%, in 51 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (273.47) is broken. A broken support is considered to be a long-term bullish signal. 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 short-term trend.
 Daily Technical Indicators: [See HD daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.
 Candlestick pattern: [See HD candlestick chart pattern]
On Friday the chart has formed a Bearish Harami Candlestick pattern. A Bearish Harami pattern occurs in an uptrend. It shows the bulls’ upward drive has weakened and now a trend reversal is possible. The reliability of the Bearish Harami pattern is low. Use the Technical Stock Screener to see the list of stocks that had a Bearish Harami Candlestick pattern during the last week.
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