The Greedy Trader Weekly Analysis
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Monthly Pattern:Falling Channel
Number of records: 7
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/26/2024 -
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Jack Henry & Associates (JKHY) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold area
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It was the negative week for the Jack Henry & Associates (JKHY). During the week, the JKHY gave back -0.72 points, or -0.43%, and closed at 164.88 on Friday, April 26, 2024. Weekly volume was -39% below average.

Long-term trend: [See JKHY long-term trend chart]
A long-term downtrend had started on August 10, 2022 at 212.62 and reached 136.57 on October 27, 2023. JKHY lost 76.05 points, or 35.77%, in 63 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (134.46) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a long-term trend.

Medium-term trend: [See JKHY medium-term trend chart]
A medium-term downtrend had started on February 12, 2024 at 178.37 and reached 163.53 on April 17, 2024. JKHY lost 14.84 points, or 8.32%, in 9 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 161.92 and resistance is at 171.73. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.

Weekly Technical Indicators: [See JKHY weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See JKHY short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 163.53 and reached 167.79 on April 23, 2024. JKHY gained -4.26 points, or -2.61%, in 6 days. The price is now at the 68.31% retracement level.

Daily Technical Indicators: [See JKHY daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. 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 daily MACD line is below its signal line since April 11, 2024. The distance between MACD and the signal line is low and getting smaller.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 33.48
Williams' Percentage Range (W%R) 82.40
Oversold
Lane's Stochastic (%D-Slow) 30.54
Greed/Fear Indicator (GFI) 27.21
Moving Average Converg./Diverg. (MACD) -1.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.50
Williams' Percentage Range (W%R) 69.80
Lane's Stochastic (%D-Slow) 35.15
Greed/Fear Indicator (GFI) 38.27
Moving Average Converg./Diverg. (MACD) 3.17
Trading Signals
Description Value Chart
Upper Bollinger Band 173.16
Monthly Trendline Resistance 171.73
50 Day Moving Average 170.51
20 Day Moving Average 167.77
Weekly Stochastic Crossing 167.68
Parabolic System 167.17
Daily Stochastic Crossing 165.00
Price 164.88
Monthly Trendline Support 161.92
Lower Bollinger Band 161.46
Yearly Trendline Resistance 144.29
Yearly Trendline Support 134.46
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Data Processing & Outsourced Services 67
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 163.93
Low Date 04/25/2024
High 167.00
High Date 04/26/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 163.53
Low Date 04/17/2024
High 167.79
High Date 04/23/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 171.73
Support 161.92
High 178.37
High Date 02/12/2024
Low 163.53
Low Date 04/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 136.57
Low Date 10/27/2023
High 178.37
High Date 02/12/2024
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 144.29
Support 134.46
High 212.62
High Date 08/10/2022
Low 136.57
Low Date 10/27/2023
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.