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Downtrend ExhaustionArchive - 4/5/2024 - Sign In to see current Signals. |
Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Block H&R (HRB). During the week, the HRB dropped -2.17 points, or -4.42%, and closed at 46.94 on Friday, April 5, 2024. It was the worst weekly loss since October 27, 2023. Weekly volume was -46% below average. Long-term trend: [See HRB long-term trend chart] A long-term uptrend had started on May 23, 2023 at 28.83 and reached 52.90 on March 4, 2024. HRB gained -24.07 points, or -83.49%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (47.49) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend. Medium-term trend: [See HRB medium-term trend chart] A medium-term uptrend had started on March 15, 2024 at 46.30 and reached 49.37 on March 28, 2024. HRB gained -3.07 points, or -6.63%, in 1 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (48.56) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HRB may retest the broken support line. It is considered to be a resistance line now. 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 support in a medium-term trend. Weekly Technical Indicators: [See HRB weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is below its signal line since January 26, 2024. Use the following link to access a MACD help. Short-term trend: [See HRB short-term trend chart] A short-term downtrend had started on March 28, 2024 at 49.37 and reached 46.32 on April 4, 2024. HRB lost 3.05 points, or 6.18%, in 7 days. The price is now at the 20.33% retracement level. Daily Technical Indicators: [See HRB daily technical indicators chart] Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold 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 link to access Williams' Percentage Range help. During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal. During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level. During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band. During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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