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Advanced TA SearchArchive
- 5/10/2024 -
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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 dropped -1.39 points, or -2.26%, and closed at 60.09 on Friday, May 10, 2024. Weekly volume was -49% below average.
HAS is a member of Consumer Discretionary Sector. Consumer Discretionary is the second most oversold sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.
 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 price is near the trend resistance line (60.43). The resistance is usually stronger when technical indicators are overbought. 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 resistance line 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 66.38 on April 24, 2024. HAS gained -23.72 points, or -55.60%, in 23 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (51.58) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 medium-term trend.
 Weekly Technical Indicators: [See HAS weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 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 66.38 on April 24, 2024. HAS gained -17.74 points, or -36.47%, in 58 days. The price is now at the 35.46% retracement level.
 Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Lane's Stochastic.
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.
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