Home Depot rallies - Analysis - 26-10-2021

Economies.com
2021-10-26 12:18PM UTC

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

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