Home Depot’s stock price (HD) rose in the intraday levels, after leaning on the support of the 50-day SMA, lending the stock positive momentum, amid the dominance of the main upward trend, while trading alongside the secondary short-term trend line, with positive signals from the RSI after reaching oversold levels. 

 

Therefore we expect more gains for the stock, targeting the pivotal resistance of $440.97, provided the support of $401.76 holds on.

 

Trend forecast for today: Bullish