What triggered Home Depot shares' latest price pullback

Traders Union
All News
Financial News
Home depot slides 2.18% today

All news

Editors' Picks

Crypto News

Financial News

Market Voices

Billionaires

Companies

Broker News

Regulators News

Ezequiel Gomes

11.03.2026

What triggered Home Depot shares' latest price pullback — Home depot slides 2.18% today

The Home Depot, Inc. (HD) closed at $349.36 today, marking a daily decline of 2.18%. The stock is trading significantly below its MA-20 ($375.96), MA-50 ($372.54), and MA-200 ($376.44), confirming persistent downward pressure against key moving averages.

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

Capital Group Private Client Services Inc. trimmed its Home Depot stake by selling 29,770 shares in Q3, per SEC filings.
Home Depot plans to pay a $2.33 per share dividend to shareholders of record as of March 12, 2026.
Shares remain under heavy downward pressure, trading well below key averages with oversold momentum and a projected range of $363.12–$367.09, making further declines probable.

Fund trims stake as dividend event approaches

Capital Group Private Client Services Inc. reduced its holdings in Home Depot by selling 29,770 shares during the third quarter, with the fund now holding 8,565 shares according to a recent SEC filing. Additionally, Home Depot is set to go ex-dividend on March 12, 2026, with shareholders of record scheduled to receive a dividend of $2.33 per share, which will be paid on March 26, 2026.

Anton Kharitonov, expert at Traders Union, sees the persistent decline in Home Depot as a sign of sustained bearish momentum. He warns that trading below all major moving averages suggests structural weakness. The institutional selling from Capital Group adds to negative sentiment and raises further concerns about future inflows. Technical indicators confirm there is little chance of an immediate rebound. "The prevailing setup signals pronounced downside risk — the bears remain firmly in control here," says Kharitonov.

Viktoras Karapetjanc, expert at Traders Union, acknowledges the recent pullback but maintains a constructive outlook. He views Capital Group's reduction as a normal portfolio adjustment rather than a loss of confidence. Despite selling pressure, he sees the upcoming dividend and long-term fundamentals as strong support. "Potential for upward price action remains — the market continues to offer opportunities for investors with a longer horizon," Karapetjanc says.

Jainam Mehta, market strategist, notes the breakdown below key support levels and rising volatility. He points out that pronounced oversold readings across multiple indicators may trigger a short-term tactical bounce. Mehta identifies the $345 – $350 zone as critical for downside protection. "If sentiment shifts or buyers step in near support, there could be a contrarian setup for nimble traders," he advises.

Sustained bearish momentum as resistance holds and indicators weaken

HD is trading significantly below its MA-20 ($375.96), MA-50 ($372.54), and MA-200 ($376.44), indicating a breakdown in short-, medium-, and long-term trend structures and confirming persistent pressure from sellers. The nearest resistance is at the Ichimoku Kijun ($371.64), while immediate support is not provided by Ichimoku and could be considered at the psychological $345 – $350 zone.

Momentum signals are negative across the board: MACD shows continued selling pressure and ADX is weak, suggesting a non-trending market with bears in control. Oversold conditions are present according to RSI, Stoch RSI, and CCI, while BBP also indicates sellers are dominating intraday action; AO further supports the prevailing downtrend. Today’s session shows a daily drop of 2.18% to $349.36, with a slight gap down from the previous close and the price near today’s intraday low. Volatility is moderate to high, and trading shows steady downward pressure after the open. Notably, most oscillators confirm the downside move, with little divergence from momentum indicators.

Last time, analysts noted that Home Depot ended the week with a slight gain but continued to trade below its medium-term moving averages, reflecting ongoing downside pressure despite holding above long-term support. Momentum indicators—including MACD (sell signal), oversold RSI and Stochastic RSI, negative Bull/Bear Power, and a weak Awesome Oscillator—signaled persistent bearish momentum and a likely continuation of sideways to weak trading in the near term.

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.