Past performance is not a reliable indicator of future performance
Home Depot (NYSE: HD) technical suggest that the stock may enter into a bearish correction based on the Technical Analysis below.
- Bearish pin bar and grave yard doji formation below the resistance of 235.49, prices have hit an all time high year to date.
- As price close below the resistance for 2 consecutive periods, the potential double top formation becomes more certain.
- RSI is showing bearish divergence.
Relative Strength Index
Red line = 60 Overbought line
Green line = 40 Oversold line