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HD

Home Depot (The)Consumer Discretionary
$391.21+17.02%
Bullish FlagRising WedgeAscending Triangle
0CP IndexWeak
How it works

The Setup Confidence (0-100) is an algorithmic score evaluating 4 key metrics:

  • Trend Alignment (SMA)
  • Volume Confirmation
  • Pattern Clarity
  • Momentum (RSI)
3 Month Interval$391.21
DECJANFEB
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Is HD a Buy?

Use advanced tools to confirm the Bullish Flag on HD before you trade.

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Quick Actions

Trade Plan: Bullish Flag

Risk/Reward
1:3.52
Entry
$397.63
Stop
$378.20
Target
$466.02

Chart Pattern

Bullish Flag

Bullish continuation if preceding move was up.

Rising Wedge

Reversal pattern. Price likely to break downwards.

Ascending Triangle

Bullish continuation pattern.

Rectangle

Sideways movement between parallel supports.

Market Analysis

Market participants tracking Home Depot (The) should note the latest formation. Price has moved to $391.21 (0.25%) amidst recent volatility. Price action has carved out a classic **Bullish Flag**. This setup is supported by average volume turnover. A potential breakout level is identified at **$397.63**, targeting **$466.02** with support near **$378.2** (R:R 3.52).

Community Sentiment

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