The Greedy Trader Weekly Analysis
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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.

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- 9/22/2023 -
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Hasbro Inc. (HAS) Technical Analysis

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Summary:
Weekly :Broken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageRelative Strength Index and Williams' Percentage Range oversoldLane's Stochastic is strongly oversoldLane's Stochastic and MACD bullish divergence
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It was the negative week for the Hasbro Inc. (HAS). During the week, the HAS dropped -1.14 points, or -1.72%, and closed at 65.23 on Friday, September 22, 2023. Weekly volume was -39% below average.

Long-term trend: [See HAS long-term trend chart]
A long-term downtrend had started on July 30, 2019 at 126.87 and reached 41.33 on March 18, 2020. HAS lost 85.54 points, or 67.42%, in 33 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 46.52 and resistance is at 90.95. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.

Medium-term trend: [See HAS medium-term trend chart]
A medium-term downtrend had started on January 5, 2022 at 105.73 and reached 45.75 on March 15, 2023. HAS lost 59.98 points, or 56.73%, in 62 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (25.94) 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 medium-term trend.

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

The weekly MACD line is above its signal line since April 6, 2023. Use the following link to access a MACD help.

Short-term trend: [See HAS short-term trend chart]
A short-term downtrend had started on September 6, 2023 at 73.58 and reached 65.16 on September 22, 2023. HAS lost 8.42 points, or 11.44%, in 16 days. Price is near the trend low.

Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Williams' Percentage Range or strongly oversold daily Lane's Stochastic. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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, Relative Strength Index and Williams' Percentage Range help.

The daily MACD line is below its signal line since September 8, 2023. 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. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 14.47
Oversold
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 9.12
Strong Oversold Bullish
Greed/Fear Indicator (GFI) 13.25
Oversold
Moving Average Converg./Diverg. (MACD) 0.50 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 56.31
Williams' Percentage Range (W%R) 45.10
Lane's Stochastic (%D-Slow) 68.41
Greed/Fear Indicator (GFI) 58.44
Moving Average Converg./Diverg. (MACD) 1.34
Trading Signals
Description Value Chart
Upper Bollinger Band 72.60
Weekly Stochastic Crossing 70.02
20 Day Moving Average 69.39
Parabolic System 68.83
50 Day Moving Average 66.50
Daily Stochastic Crossing 65.74
Price 65.23
Lower Bollinger Band 62.92
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 4
Industry Leisure Products 100
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 67.30
High Date 09/20/2023
Low 65.16
Low Date 09/22/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.58
High Date 09/06/2023
Low 65.16
Low Date 09/22/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.75
Low Date 03/15/2023
High 73.58
High Date 09/06/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 41.12
Support 25.94
High 105.73
High Date 01/05/2022
Low 45.75
Low Date 03/15/2023
Description Value
Direction Down
Chart Pattern Descending Triangle
Status Valid
Resistance 90.95
Support 46.52
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.