The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
Number of records: 10
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Downtrend Broken Resistance

Downtrend Broken Resistance stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Downtrend broken resistance stock market alert is a trend trading warning signal. It is a confirmation that long term downtrend reversal is completed and a new uptrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of resistance line. This point is considered as a second chance to participate in downtrend reversal.

Downtrend Broken Resist.

Archive
- 3/15/2024 -
Sign In to see current Signals.

Block H&R (HRB) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldPrice has crossed below the 50 Day Moving Average
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 -1.43 points, or -2.97%, and closed at 46.76 on Friday, March 15, 2024. It was the worst weekly loss since January 5, 2024. Weekly volume was -35% below average.

Long-term trend: [See HRB long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 11.29 and reached 52.90 on March 4, 2024. HRB gained -41.61 points, or -368.56%, in 206 weeks. The price is now at the 14.76% retracement level.

Medium-term trend: [See HRB medium-term trend chart]
A medium-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 trend support level is at 44.96 and resistance is at 53.37. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern 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. The distance between MACD and the signal line is low, but getting bigger. 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 4, 2024 at 52.90 and reached 46.30 on March 15, 2024. HRB lost 6.60 points, or 12.48%, in 11 days. The price is now at the 6.97% retracement level.

Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. 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 March 7, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.42
Williams' Percentage Range (W%R) 89.50
Oversold
Lane's Stochastic (%D-Slow) 10.20
Oversold
Greed/Fear Indicator (GFI) 19.36
Oversold
Moving Average Converg./Diverg. (MACD) 0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.60
Williams' Percentage Range (W%R) 47.40
Lane's Stochastic (%D-Slow) 68.54
Greed/Fear Indicator (GFI) 56.89
Moving Average Converg./Diverg. (MACD) 2.42
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.37
Parabolic System 50.55
Upper Bollinger Band 50.41
Weekly Stochastic Crossing 49.46
20 Day Moving Average 48.23
50 Day Moving Average 47.40
Price 46.76
Daily Stochastic Crossing 46.64
Lower Bollinger Band 45.43
Quarterly Trendline Support 44.96
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Specialized Consumer Services 39
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 52.90
High Date 03/04/2024
Low 46.30
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.90
High Date 03/04/2024
Low 46.30
Low Date 03/15/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.90
High Date 03/04/2024
Low 46.30
Low Date 03/15/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 53.37
Support 44.96
Low 28.83
Low Date 05/23/2023
High 52.90
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.29
Low Date 03/23/2020
High 52.90
High Date 03/04/2024
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.