Home Depot may rise to 433.00 - 439.00

Our pivot point stands at 399.

Our preference

The upside prevails as long as 399 is support.

Alternative scenario

Below 399, expect 389 and 383.

Comment

The RSI is above its neutrality area at 50. The MACD is above its signal line and positive. The configuration is positive. Moreover, the stock is above its 20 and 50 day moving average (respectively at 399.4475 and 376.9968).

Supports and resistances

446 **

439 *

433 **

427

409.96 (USD-last)

404

399 **

389 *

383 **

Number of asterisks represents the strength of support and resistance levels.