Home Depot rallies - Analysis - 26-10-2021

2021-10-26 12:18:11 GMT (Economies.com)

Home Depot's stock (HD) rose 1.44% in the last session, settling at 371.26, amid the dominance of the main upward trend in the medium and short terms, with positive pressure from the 50-day SMA, countered with negative signals from the RSI after reaching overbought levels.

Therefore we expect more gains for the stock, targeting the resistance of 392.50, provided the resistance of 374.70 was breached.

Expected trend for today: Bullish

Previous Analysis

Next Analysis

Main

Forex

Indices

	Symbol	Last	Change	Chg.%
	EUR/USD	1.0750	0.0097	0.9148%
The EURUSD reaches the extended target – Analysis - 27-05-2022
	GBP/USD	1.2639	0.0077	0.6094%

	Silver	22.115	0.203	0.929%

	Oil	113.985	3.846	3.492%
Crude oil price hits the target – Analysis - 27-05-2022
	Brent Oil	117.34	-0.13	0.11%

	Gold	1853.555	-2.880	0.155%
Gold price keeps its positive stability – Analysis - 27-05-2022

News Today

US unemployment claims decline more than expected

2022-05-26 13:32:31 GMT

US economy shrinks more than expected in the first quarter

2022-05-26 13:30:07 GMT

Why's dollar declining ahead of US growth data?

2022-05-26 12:04:23 GMT

Sterling gives up two-week high on recession concerns

2022-05-26 08:45:06 GMT

Risk Disclaimer: Economies.com is a financial portal that provides news and analysis about the different financial markets. The articles that we serve on the portal depend solely on the opinion and analysis of our economists which in no way are intended to incite a visitor of the website or an investor to trade or sell/buy a certain instrument. It is the responsibility of the visitor / trader only to evaluate his trading strategies and whether he is capable of trading with taking into consideration that losing all the capital invested is a possibility. The visitor should seek an independent professional financial advisor to discuss his or her trading strategies. Moreover, the provided rates for the different instruments are indicative only and cannot be used for trading purposes. Therefore, no responsibility can be imposed on Economies.com and the company operating the portal for any loss of money that may occur to the visitor by using the website.