Volatility Contraction Sets Up HD Move Near $349.78

Home Depot Inc (HD) closed up 0.71% at $349.78 on December 27.

Technical indicators paint a bullish picture:

• Moving Averages: Mixed signals with price near the 9-day EMA ($349.65). The 21-day EMA sits at $352.87.
• Momentum: RSI at 46.9 is in neutral territory but trending higher. MACD is bullish (-3.55 vs signal -3.82).
• Volatility: Stock has been in a TTM Squeeze for 9 days, indicating compressed volatility and potential for a significant move.

Key levels to watch: Support at $343.17, Resistance at $361.63.