TTM Squeeze Alert: HD Primed for Big Move at $384.48
Home Depot Inc (HD) closed up 1.99% at $384.48 on February 25.
Key indicators suggest a mixed bias:
Moving Averages
Bullish EMA alignment intact with price above the 9-day at $382.80 and 21-day at $381.14.
Momentum
RSI at 54.8 is showing no strong directional bias. MACD reads 3.00 against its 4.42 signal line (bearish).
Volatility
Volatility has been compressing for 14 sessions (TTM Squeeze active), often a precursor to directional moves.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
Support sits at $371.53 with resistance at $393.22.
