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Uptrend Exhaustion

Uptrend Exhaustion 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. Stock market alert is a warning signal. Uptrend Exhaustion alert indicates that long term uptrend is exhausted and probability of long term trend reversal is high. Uptrend exhaustion stock market alert presents relatively low to medium risk - high reword stock pick for overvalued stocks.

The strategy is based on selling (or taking a short) position on anticipation of uptrend reversal.

Uptrend Exhaustion

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- 4/19/2024 -
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Hasbro Inc. (HAS) Technical Analysis

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Summary:
Weekly :Lane's Stochastic is overbought
Daily :Williams' Percentage Range and Lane's Stochastic are oversoldThe price is close to the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Hasbro Inc. (HAS). During the week, the HAS gave back -0.53 points, or -0.95%, and closed at 55.27 on Friday, April 19, 2024. Weekly volume was -29% 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 40.64 and resistance is at 61.58. 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 58.49 on April 9, 2024. HAS gained -15.83 points, or -37.11%, in 21 weeks. The price is now at the 20.34% retracement level.

Weekly Technical Indicators: [See HAS weekly technical indicators chart]
Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic 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 58.49 on April 9, 2024. HAS gained -9.85 points, or -20.25%, in 43 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See HAS 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. Use the following link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 10, 2024.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.86% on Friday. It is 58.31% lower than one year average. It indicates the period of low volatility of the stock price. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.00
Williams' Percentage Range (W%R) 81.80
Oversold
Lane's Stochastic (%D-Slow) 14.45
Oversold
Greed/Fear Indicator (GFI) 24.90
Moving Average Converg./Diverg. (MACD) 0.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 73.25
Williams' Percentage Range (W%R) 26.60
Lane's Stochastic (%D-Slow) 86.97
Overbought
Greed/Fear Indicator (GFI) 73.32
Moving Average Converg./Diverg. (MACD) -1.27
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 61.58
Parabolic System 57.17
Weekly Stochastic Crossing 56.99
Upper Bollinger Band 56.89
20 Day Moving Average 55.87
Price 55.27
Daily Stochastic Crossing 54.62
Lower Bollinger Band 53.64
50 Day Moving Average 53.27
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Leisure Products 116
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 48.64
Low Date 02/26/2024
High 58.49
High Date 04/09/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.66
Low Date 11/10/2023
High 58.49
High Date 04/09/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.58
High Date 09/06/2023
Low 42.66
Low Date 11/10/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Valid
Resistance 61.58
Support 40.64
High 105.73
High Date 01/05/2022
Low 42.66
Low Date 11/10/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 126.87
High Date 07/30/2019
Low 41.33
Low Date 03/18/2020
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.