American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Home Depot driven lower by pivotal resistance - Analysis - 20-05-2020

Economies.com
2020-05-20 10:40AM UTC

Home Depot's stock slid 2.95% in the last session after the pivotal resistance of 247.00 held on with traders collecting recent profits while the stock gathers momentum and vents off overbought saturation in the RSI, amid the dominance of the upward short-term trend, with support from the 50-day SMA. 

 

Therefore we expect the stock to return higher, targeting the resistance of 261.23, provided the resistance of 247.00 was breached. 

 

Expected trend for today: Bullish 

Stocks Technical Analysis

United States Analysis

Stocks

Dow Jones Approaches the 40,000 Barrier for the First Time in History. Predictions, Analysis, and How to Trade It
2024-05-15 15:31PM UTC
Table of Contents Technical Forecast for Dow Jones Index Price Best 2 Dow Jones Index ...
United States Analysis

Stocks

Pfizer price gathers momentum - Forecast today - 15-05-2024
2024-05-15 10:11AM UTC
Pfizer’s stock price (PFE) fell in the intraday levels, after the pivotal resistance of ...
United States Analysis

Stocks

Caterpillar price shakes off negative pressures - Forecast today - 15-05-2024
2024-05-15 10:10AM UTC
Caterpillar’s stock price (CAT) rose in the intraday levels after managing to shake off ...