Home Depot, Inc. (HD) declined in its latest intraday trading, as the stock searches for a higher bottom that could provide the base for renewed upward momentum. The short-term uptrend remains intact with price action aligned to a rising trend line and sustained trading above the 50-day SMA. Additionally, a positive divergence has begun forming on the RSI after reaching extremely oversold levels, with fresh bullish crossovers emerging.

Therefore, we expect the stock to rise in upcoming sessions, provided support at 400.00 holds, targeting the key resistance level at 426.00.

Todays price forecast: Bullish.