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Home Depot Technical Analysis
Home Depot Trend AnalysisUse this graph to draw trend lines for The Home Depot. You can use it to identify possible trend reversals for Home Depot as well as other signals and approximate when it will take place. Remember, you need at least two touches of the trend line with actual Home Depot price movement. To start drawing, click on the pencil icon on top-right. To remove the trend, use eraser icon.
Home Depot Best Fit Change LineThe following chart estimates an ordinary least squares regression model for The Home Depot applied against its price change over selected period. The best fit line has a slop of 0.24 % which may indicate that the price for The Home Depot will continue to decline. It has 78 observation points and a regression sum of squares at 550.98, which is the sum of squared deviations for the predicted Home Depot price change compared to its average price change.