Home Depot Inc

HD is in a Stage 4 distribution phase with a recent support failure and clear lower highs/lows under declining EMAs. The medium-term bias remains bearish, but extreme short-term oversold readings caution against immediate selling. Deferred execution (Trim) into resistance around the broken support zone and declining EMAs is advised.

• ↑Q1 sales of $41.8B up 4.8% YoY, driven by spring projects
• ↑Dividend raised 17 consecutive years; 0.63% yield sustains returns
• ↓Comparable sales up only 0.6% in Q1; EPS declined to $3.43