Home Depot's stock price skidded in latest intraday trading, hurt by falling below the 50-candle SMA with the dominance of the downward trend as the price trades alongside the short term trend line, with negative signals streaming out of the Stochastic despite reaching oversold levels.

Therefore we expect more losses for the price as long as the resistance of $372.30 holds on, targeting the first support at $345.40.

Todays price forecast: Bearish