Home Depot is neutral

Our pivot point stands at 328.

Our preference

Look for a drop towards 328 before a bounce.

Alternative scenario

Below 328, expect 316 and 309.

Comment

The RSI is above 50. The MACD is below its signal line and negative. The penetration of 50 on the RSI would call for further downside. Moreover, the stock is above its 20 and 50 day moving average (respectively at 343.2095 and 338.6148).

Supports and resistances

381 **

374 *

366 **

359

344.18 (USD-last)

333

328 **

316 *

309 **

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