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S&P 500 Oversold StocksArchive
- 3/21/2025 -
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Home Depot (HD) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Home Depot (HD). During the week, the HD gave back -0.10 points, or -0.03%, and closed at 351.20 on Friday, March 21, 2025. Weekly volume was 30% above average.
HD is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 Long-term trend: [See HD long-term trend chart]
A long-term uptrend had started on June 22, 2022 at 264.51 and reached 439.40 on November 26, 2024. HD gained -174.89 points, or -66.12%, in 126 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 289.23 and resistance is at 448.61. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See HD medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 274.26 and reached 439.40 on November 26, 2024. HD gained -165.14 points, or -60.21%, in 56 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (392.61) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HD may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend.
 Weekly Technical Indicators: [See HD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Williams' Percentage Range. 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 below its signal line since December 20, 2024. The distance between MACD and the signal line is near its high and getting bigger. 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 January 27, 2025 at 426.20 and reached 345.30 on March 13, 2025. HD lost 80.90 points, or 18.98%, in 45 days. The chart has formed a Falling Channel chart pattern.
 Daily Technical Indicators: [See HD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic.
The daily MACD line is below its signal line since February 6, 2025. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
2 |
| Industry |
Home Improvement Retail |
11 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Channel |
| High |
426.20 |
| High Date |
01/27/2025 |
| Low |
345.30 |
| Low Date |
03/13/2025 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
439.40 |
| High Date |
11/26/2024 |
| Low |
345.30 |
| Low Date |
03/13/2025 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Rising Wedge |
| Status |
Broken Support |
| Resistance |
458.33 |
| Support |
392.61 |
| Low |
274.26 |
| Low Date |
10/27/2023 |
| High |
439.40 |
| High Date |
11/26/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Broadening Ascending Wedge |
| Status |
Valid |
| Resistance |
448.61 |
| Support |
289.23 |
| Low |
264.51 |
| Low Date |
06/22/2022 |
| High |
439.40 |
| High Date |
11/26/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
17.05 |
| Low Date |
10/10/2008 |
| High |
439.40 |
| High Date |
11/26/2024 |
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