HD

HD

Home Depot Inc
Retail
$292.18 -1.53% As of Sep 24, 9:01 PM
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Trade Idea

Strategy
Bull Call
Strikes
$345/350
Expiration
Jul 31
Target ROI
100.0%
Trade Reasoning
The current stock price of $346.06 is just above the lower strike of $345, presenting an optimal entry point for a Bull Call Spread. This strategy profits as the stock rises, and with no identified technical risk factors, the likelihood of a price increase is favorable. The ATM spread structure offers an attractive risk/reward profile, allowing for significant upside while limiting potential losses. Maya's edge comes from disciplined trade management—knowing when to exit is just as important as when to enter. Subscribe to get real-time open and close alerts that take the guesswork out of trading.

Technical Analysis

HD RSI Screams Oversold at $292.18

Bullish
Sep 24, 2026 at 9:01 PM • $292.18 (-1.53%)

Home Depot Inc (HD) slipped 1.53% to $292.18 on September 24.

The technical picture is bearish:

Moving Averages Price sits below both the 9-day ($301.29) and 21-day ($310.55) EMAs, suggesting short-term weakness.
Momentum RSI at 29.7 is depressed in oversold territory, where bounces often originate. MACD is bearish (-9.71 vs signal -8.78).
Volatility Bollinger Band width at 13.9% indicates normal volatility.

While EMAs remain bearish, the oversold RSI reading hints at potential support around $289.06.

Traders are watching $289.06 on the downside and $332.25 on the upside.

HD Fails to Reclaim Moving Averages Near $296.72

Bearish
Sep 24, 2026 at 12:32 AM • $296.72 (-2.83%)

Shares of Home Depot Inc (HD) declined 2.83% to $296.72 on September 24.

From a technical standpoint, the outlook appears bearish:

Momentum RSI at 32.2 is neutral but improving. MACD is bearish (-9.31 vs signal -8.54).
Moving Averages Moving averages are stacked bearishly—price below the 9-day at $303.57, resistance at 21-day ($312.38).
Volatility Bollinger Band width at 14.3% indicates normal volatility.

While EMAs remain bearish, the oversold RSI reading hints at potential support around $290.49.

Support sits at $290.49 with resistance at $335.08.

HD Tests Lower Support as EMAs Roll Over at $296.72

Bearish
Sep 23, 2026 at 9:01 PM • $296.72 (-2.83%)

Negative Divergence: HD MACD Rolls Over at $305.35

Bearish
Sep 22, 2026 at 9:01 PM • $305.35 (+2.75%)

RSI Below 30: HD May Be Due at $297.20

Bullish
Sep 22, 2026 at 3:51 AM • $297.20 (-0.93%)
Systematic technical analysis • Updated daily after market close

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Key Stats

Entry Price $2.50
Max Profit $2.50
Max Loss $2.50
Days to Exp -55
Trade Date Jun 26, 2026
Disclaimer: This analysis is for educational purposes only. Options trading involves substantial risk. Past performance does not guarantee future results.