Home Depot slides today: Key reasons behind the decline

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Home Depot slides 2.36% today

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Jainam Mehta

03.03.2026

Home Depot slides today: Key reasons behind the decline — Home Depot slides 2.36% today

The Home Depot, Inc. (HD) closed at $361.81, marking a daily loss of 2.36%. The stock is trading below its MA-20 ($382.38), MA-50 ($371.13), and MA-200 ($376.90), highlighting continued downward pressure across all major timeframes.

HD price prediction

24H -0.25%

$309.31

48H -0.45%

$308.69

7D -0.4%

$308.83

1M -4.12%

$297.31

3M -2.68%

$301.75

6M -1.38%

$305.78

12M -15.54%

$261.87

Detailed

Current price: $ 310.07 -2.9000 0.93%

Closed 06/04

Daily range 308.18

316.62

Weekly range 307.12

321.27

Highlights

Home Depot raised its quarterly dividend by 1.3% to $2.33 per share, now yielding 2.5% annually, signaling shareholder return focus.
Fiscal year 2025 adjusted diluted EPS reached $14.69, with management guiding for 2.5% to 4.5% total sales growth and flat to 2% comparable sales growth.
Technicals are bearish, with HD trading at $361.81 below MA-20, MA-50, and MA-200; next key support lies at $361.11 and probability of near-term upside is below 20%.

Dividend growth and executive trades offset by sustained selling pressure

Home Depot recorded a 1.3% increase in its quarterly dividend, now set at $2.33 per share for an annualized yield of 2.5%. The company reported adjusted diluted EPS of $14.69 for fiscal year 2025, with guidance for comparable sales growth ranging from flat to 2% and total sales growth projected between 2.5% and 4.5%. Executive Vice President and CFO Richard McPhail updated his direct stock ownership to 47,116.4629 shares following vesting and tax withholding events. Ongoing share buybacks continued, though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, sees Home Depot under prolonged selling pressure across all key timeframes. He notes the stock’s continued decline below its major moving averages and limited near-term support. Despite ongoing dividend growth and buybacks, Kharitonov remains skeptical about the market’s reaction due to weak sentiment and lack of institutional buying momentum. The analyst warns that management’s minor direct stock increase does little to inspire confidence amid persistent technical weakness. "I do not expect a meaningful reversal until price convincingly reclaims the $371.13 resistance zone."

Viktoras Karapetjanc, expert at Traders Union, emphasizes Home Depot’s solid fundamentals and steady dividend growth. He sees management’s commitment through ongoing share buybacks and leadership’s increased ownership as a sign of confidence. Karapetjanc points to constructive guidance for sales and EPS despite short-term price weakness, expecting market structure to remain supportive over the longer term. "I believe the fundamentals and executive actions will drive a rebound as sentiment stabilizes and value-oriented buyers return."

Jainam Mehta, market strategist, takes a tactical approach to Home Depot’s recent movements. He notes the price is consolidating just above key support and below resistance, signifying a possible sideways setup with breakout potential. Mehta sees opportunity in the divergence between solid fundamental updates and short-term bearish technicals. "A potential upside catalyst could emerge if price tests and holds $361.11, offering a contrarian entry for risk-tolerant traders."

Technical resistance intensifies as sellers dominate across all timeframes

The current price of Home Depot at $361.81 is trading below the MA-20 ($382.38), MA-50 ($371.13), and MA-200 ($376.90) on the daily chart. This positioning signals persistent short-, medium-, and long-term pressure from sellers, with the nearest dynamic resistance marked by the Ichimoku Kijun at $382.94.

Previously it was reported that Home Depot is experiencing continued short- and medium-term downside pressure, with the stock trading below all key moving averages and facing resistance near $383, despite supportive long-term trends above major averages. Technical indicators are mixed—while the daily MACD and RSI signal potential for a rebound as the stock approaches oversold territory, momentum remains weak and range-bound consolidation is likely unless a breakout above $378 or below $365 occurs.

Source of Data: HD Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.