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's stock (HS) rose in the intraday levels, while trying to recoup some recent losses, marking a cautious profit of 0.46% in the last session, or 1.30 points, settling at 283.91, amid the dominance of the downward trend, with negative pressure from the 50-day SMA, with negative signals from the RSI after reaching overbought levels.
Therefore we expect the stock to return lower, targeting the pivotal support of 265.60.
Expected trend for today: Bearish