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Advanced TA SearchArchive
- 4/5/2024 -
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Hasbro Inc. (HAS) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Hasbro Inc. (HAS). During the week, the HAS gave back -0.10 points, or -0.18%, and closed at 56.42 on Friday, April 5, 2024. It was the worst weekly loss since February 23, 2024. Weekly volume was -14% below average.
 Long-term trend: [See HAS long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 105.73 and reached 42.66 on November 10, 2023. HAS lost 63.07 points, or 59.65%, in 96 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 40.83 and resistance is at 62.35. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern in a long-term trend.
 Medium-term trend: [See HAS medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 42.66 and reached 57.04 on March 28, 2024. HAS gained -14.38 points, or -33.71%, in 19 weeks. Price is near the trend high.
 Weekly Technical Indicators: [See HAS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.
Short-term trend: [See HAS short-term trend chart]
A short-term uptrend had started on February 26, 2024 at 48.64 and reached 57.04 on March 28, 2024. HAS gained -8.40 points, or -17.27%, in 31 days. The price is now at the 7.38% retracement level.
 Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal.
The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.
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