Home Depot: On The Verge Of Further Decline


  • Home Depot, Inc. has experienced robust financial growth over the past few years as a result of the booming home improvement industry.
  • The share price of Home Depot has decreased by 35.72% in 2022, but the decline is not yet complete, according to a technical analysis.
  • Despite Home Depot’s strong financial performance, the share price is expected to decline further, following the emergence of the bearish hammer.

Home Depot location with American flag. Home Depot is the largest home improvement retailer in the US.


Home Depot, Inc. (NYSE:HD) is viewed as a great investment due to the company’s strong financial performance, dominant market position, and expanding industry. Home Depot has a track record of strong financial performance with consistent revenue and profit expansion. Recent demand for

Home Depot Monthly

Home Depot Monthly (stockcharts.com)

Home Depot Weekly

Home Depot Weekly (stockcharts.com)

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Leave a Reply

Your email address will not be published. Required fields are marked *