Resistance

Million

Arthur

<ul class="list-ic vertical">
 <li><span>1</span> <a>HD stock price slips below the crucial support zone of $280.</a></li>
 <li><span>2</span> <a>Buyers have lost their strength and unwind their long positions.</a></li>
</ul>
<p>Home Depot Inc. (NYSE: HD) HD stock price witnessed selling pressure and has slipped below the crucial support zone of $280. Furthermore, the price action indicates the bears dominance and persisted in adding short positions. Furthermore, the chart delivers the breakdown and showcased the three black soldiers pattern which is a sign of bearishness. Moreover, HD stock is in a correction phase and bulls were not able to absorb the selling pressure and are in trouble. HD stock dropped over 18% from the $330.</p>
<p>HD stock price is below the significant moving averages due to the selling pressure. Furthermore, the price action indicates that the short build up activity resulted in a breakdown. Moreover, the options chain shows that, at the strike price of $280, open interest of 1110 hundred shares on the put side, whereas 147 hundred shares on the call side.(Nasdaq). This option chain shows that long positions were trapped amid a panic sell-off.</p>
<p><a href="https://www.thecoinrepublic.com/2023/10/20/hd-stock-price-below-300-home-depot-stock-turned-bearish/" rel="noopener noreferrer nofollow">HD stock price</a> is trading at $276.46 with an intraday drop of 0.55% at press time, suggesting neutrality. Furthermore, the trading volume increased by 0.55% to 2.90 Million and the market cap is $276.478 Billion. Analysts have maintained a growth outlook with buy rating with a yearly target price of $343.85.</p>
<p>Home Depot, Inc. engages in the sale of building materials and home improvement products. Its products include building materials, home improvement products, lawn and garden products and decor products. The firm operates through the following geographical segments: U.S., Canada and Mexico. It offers home improvement installation services, and tool and equipment rental. The company was founded by Bernard Marcus, Arthur M. Blank, Kenneth Gerald Langone and Pat Farrah on June 29, 1978, and is headquartered at Atlanta, GA.</p>
<h2 class="wp-block-heading" id="strong-will-hd-stock-sustain-275-or-extend-selloff-strong"><strong>Will HD Stock Sustain $275 or Extend Selloff?</strong></h2>
<div class="wp-block-image">
 <figure class="aligncenter"><img decoding="async" src="https://lh7-us.googleusercontent.com/DYv8ECU3wv2Q2ue46XUZ7mbWQv8VpihJGZwktNPMBn10wGqMm5q02D4ttPdJPmBj3Jokw71Un_idEFHwF8M9-QchIFPE5l3NR1caws7OzpFNpLfZ3kw0NgVsHjzUayQVzsOrzTR6zSrZWs1BH-Q04xY" alt="HD Stock (NYSE: HD) Delivers Selloff, Will Bulls Hold $275?">
  <figcaption class="wp-element-caption"><a href="https://www.tradingview.com/chart/vVtQEsVt/?symbol=NYSE%3AHD" rel="noopener noreferrer nofollow">&nbsp;HD Stock/NYSE Chart By TradingView</a>
  </figcaption>
 </figure>
</div>
<p>On the daily charts, HD stock price has slipped below the significant moving averages and broke down. Furthermore, the price action highlights the selling pressure from the top. Moreover, ahead of the Q3 earnings result, HD stock is in bearish territory. Buyers are trying to regain momentum, but failed.</p>
<p>The RSI curve is in the oversold region and the bearish divergence suggests that follow-on selling will continue and <a href="https://www.thecoinrepublic.com/2023/10/20/hd-stock-price-below-300-home-depot-stock-turned-bearish/" rel="noopener noreferrer nofollow">HD stock</a> will retest $250 in the upcoming sessions. The MACD indicator shows a bearish crossover and red bars on the histogram suggesting a negative outlook.</p>
<h4 class="wp-block-heading"><strong>Summary&nbsp;</strong></h4>
<p>HD stock price is trading below the significant moving averages and broke down in the past trading sessions. The price action highlights bearish dominance and underperformance. However, the buyers are trapped now and are trying to hold the cluster of $275 which is a make or break zone.</p>
<h4 class="wp-block-heading"><strong>Technical Levels</strong></h4>
<p>Support Levels: $275 and $265</p>
<p>Resistance Levels: $280 and $285</p>
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5>
<p>The views and opinions stated by the author or any other person named in this article are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.</p>

HD Stock (NYSE: HD) Delivers Selloff, Will Bulls Hold $275?

目录

Thecoinrepublic.com

发布于 2023年10月30日的其他文章

OKX celebrates 1 year anniversary of Proof of Reserves

Popular Analyst Shares 9 Altcoins on His Radar This Week and Why

Cryptocurrency Expert Predicts Fundamental Global Impact as Sentiment Shifts

Analyst Michael van de Poppe Evaluates the Current Situation of Solana (SOL), Chainlink (LINK), a...

Bitcoin (BTC) Price Analysis: Profit-Taking After 34869 Reached – 31 October 2023

Enzyme Enhances DeFi Capabilities with Aave V3 Integration

订阅我们免费的电子期刊，获取每日最新加密领域动态！