Low Volatility Setup: HD Squeezes at $380.72
Home Depot Inc (HD) advanced 1.51%, ending the session at $380.72 on March 2.
Key indicators suggest a bullish bias:
Moving Averages
Price trades above the 9-day EMA ($380.22) with a bullish stack. The 21-day EMA at $380.18 provides support.
Momentum
RSI at 51.1 is in neutral territory but trending higher. MACD is bearish (1.40 vs signal 3.06).
Volatility
A 17-day TTM Squeeze suggests volatility is coiled and a breakout may be imminent.
The bullish trend is intact, but fading MACD momentum suggest waiting for a pullback.
Key levels to watch: Support at $372.34, Resistance at $392.80.
