Price Position and Structural State
The Home Depot, Inc. (HD) closed at 332.66 USDT on August 29, 2026, up 0.80%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 323.01 USDT, with resistance near 363.42 USDT. A daily close below 323.01 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
HD is trading below all key moving averages. MA100 at 334.747 USDT stands as the first moving-average resistance area to watch. The more notable signal is downside extension: HD sits 1.98% below MA50, while its historical range runs from -3.41% to 9.37%. Price is now approaching the lower end of that historical range, which means the downside move is pronounced but also raises mean-reversion risk from a stretched position.
Trading Friction and Price Efficiency
HD shows moderate trading friction, with a 3-day friction score of 42.7. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest fell -5.81% in one day, showing clear position reduction. OI sits near the middle of its 60-day range, so the move reduces leverage from a normal base rather than clearing an already crowded leverage base.
Funding is near neutral across the 24-hour and 7-day averages, at 0.000000% and +0.000695%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 1.34, showing more long accounts than short accounts. It sits near the middle of its 60-day range, so this is a long tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
HD shows weak linkage to the broader crypto market (Sigloid Index). Correlation is limited, and R² indicates that index behavior explains only a small portion of its movement. This suggests price action is largely driven by asset-specific factors rather than broader market direction. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.079 | 0.038 | 0.006 | Weak linkage |
| 60D | 0.116 | 0.067 | 0.014 | Weak linkage |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
HD's volatility profile is controlled rather than stretched. ATR% reads 2.43, near the middle of its full historical range. Bollinger Band width% reads 7.24, near the middle of its full historical range. 20-day Volume Z-score is -0.74. Range expansion is not leading the setup right now.
Momentum is weaker. RSI is 43.34, ROC14 is -1.12%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is cautious: downside momentum is active, but volatility and participation do not confirm a strong break yet.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. HD has a weak link to that market condition, so price behavior depends more on its own structure than on the broader market trend.
Key Levels for the Next State Change
For HD, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 363.42 USDT establishes a bullish regime, while a daily close below 55-day support at 323.01 USDT confirms a bearish regime.