Home Depot may rise to 394.00 - 404.00

Our pivot point is at 349.

Our preference

The upside prevails as long as 349 is support.

Alternative scenario

Below 349, expect 334 and 325.

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 355.8975 and 351.6008).

Supports and resistances

412 **

404 *

394 **

386

367.27 (USD-last)

355

349 **

334 *

325 **

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