Home Depot (HD) Chart Patterns, Support & Resistance & Technical Analysis

Auto-detected technical analysis for HD · data as of Aug 4, 2026. The chart above is live; the read below updates daily.

$348.24last close · Aug 4, 202652-week range $289.10 – $426.75 · 18.4% below the high

HD Falling Wedge Pattern

HD is currently forming a falling wedge on the daily timeframe. Detected Aug 4, 2026.

A falling wedge is a brief, tidy pause that typically continues the move higher. A breakout projects a measured-move target near $392.46 (+11.0%). Across 8,465 backtested falling wedges, the setup followed through 56.2% of the time, averaging +0.55R; HD's own falling wedges have hit 63.6%.

DirectionBullishTarget$392.46Projected move+11.0%Breakout level$354.21

New to this pattern? What a falling wedge is and how to trade it →

HD's Most Recent Triangle Trade

HD's most recent completed triangle resolved as a win: it broke down on Mar 2, 2026 near $371.79, then reached its target at $352.41 on Mar 9, 2026 — a +0.86R move (5.2%) over 5 sessions. Across 175 backtested triangles, this setup wins 54.3% of the time.

OutcomeWinResult+0.86REntry$371.79Exit$352.41

Learn about triangle

How Falling Wedges Have Performed

Win rate
56.2%
Avg return
+0.55R
Backtested trades
8,465
HD win rate
63.6%

Historical pattern statistics (2006-08-04 – 2026-08-03), not a prediction.

How these backtests work →

HD Pattern Trade History

Every completed pattern trade our nightly backtest found on HD's daily chart, newest first — wins and losses alike.

PatternEntryExitOutcomeResult
TriangleMar 2, 2026 @ $371.79Mar 9, 2026 @ $352.41Win+0.86R
Rising WedgeFeb 17, 2026 @ $387.59Mar 6, 2026 @ $354.17Win+3.33R
Rising WedgeAug 4, 2025 @ $381.82Aug 21, 2025 @ $397.70Win+0.99R
Falling WedgeApr 23, 2025 @ $361.92Aug 21, 2025 @ $397.70Win+1.78R
Falling WedgeJun 10, 2024 @ $330.09Jun 25, 2024 @ $338.32Win+1.34R
Rising WedgeFeb 22, 2024 @ $368.53Mar 26, 2024 @ $379.93Win+0.78R
Rising WedgeFeb 13, 2024 @ $357.84Feb 22, 2024 @ $371.34Loss-1.24R
TriangleJun 7, 2023 @ $297.36Aug 4, 2023 @ $326.43Win+1.67R
TriangleFeb 1, 2023 @ $330.35Feb 21, 2023 @ $295.50Loss-1.52R
Rising WedgeDec 15, 2022 @ $324.89Feb 21, 2023 @ $296.53Win+1.27R
TriangleOct 25, 2022 @ $289.05Nov 29, 2022 @ $315.96Win+1.27R
Rising WedgeAug 16, 2022 @ $319.02Aug 26, 2022 @ $298.10Loss-1.33R

HD Support and Resistance Levels

Price is being turned away at a ceiling near $352.85 and starting to slide. On the weekly chart, the next floor below sits near $326.90 — about 6% away.

  • Traders commonly watch $326.90 as a target (its 100% retracement) — think of it as a sensible next stop, not a guarantee.
  • That floor is the first place the slide might steady — worth watching how price behaves as it gets there.
  • There's nothing to act on yet — the spot to watch is right at the $352.85 ceiling, where price is testing it now, not out here in the slide. Chasing once price pulls away tends to be worse odds.

Nearest auto-detected support sits near $338.20, resistance near $349.30. These are chart/swing-derived levels, not formula pivots.

Resistance
$349.30$351.41$351.42$358.85$404.33$583.74$681.60
Support
$338.20$326.85$300.14$299.51$294.88

HD Recent Daily Prices

DateOpenHighLowClose
Aug 4, 2026$340.23$350.86$339.35$348.24
Aug 3, 2026$339.80$343.64$333.72$340.02
Jul 31, 2026$332.44$334.00$328.80$331.96
Jul 30, 2026$334.99$335.69$330.25$333.35
Jul 29, 2026$340.38$345.27$336.96$338.27
Jul 28, 2026$342.64$349.43$342.60$344.47
Jul 27, 2026$339.39$341.89$335.35$336.09
Jul 24, 2026$325.07$333.46$323.23$332.98
Jul 23, 2026$325.30$328.23$323.05$324.71
Jul 22, 2026$333.53$336.56$330.71$331.45

HD Frequently Asked Questions

What chart pattern is HD forming right now?
As of Aug 4, 2026, TradingPal's detector identifies a falling wedge on Home Depot (HD) on the daily chart, with a measured-move target of $392.46.
Is a falling wedge bullish or bearish?
The falling wedge detected on HD is a bullish pattern, projecting a measured-move target of $392.46. See its full backtested track record above — that's the real edge, not the textbook label.
How reliable is a falling wedge pattern, and what is its win rate?
Across TradingPal's backtest of the falling wedge family (8,465 trades over 631 symbols), it resolved in the expected direction 56.2% of the time with an average of +0.55R. These are historical statistics, not a prediction.
What are the support and resistance levels for HD?
Based on auto-detected, swing-derived levels (as of Aug 4, 2026), HD's nearest support is around $338.20 and nearest resistance around $349.30.
What is the price target if HD's pattern breaks out?
The detected falling wedge has a geometry-based measured-move target of $392.46 (pattern height projected from the breakout). This is a technical target, not a recommendation.
What was HD's closing price on Aug 4, 2026?
Home Depot (HD) last closed at $348.24 on Aug 4, 2026. For the live quote, see the chart above or a real-time quote provider.

Technical analysis for informational purposes only — not investment advice. Auto-detected patterns and levels update daily; the chart above is live.