The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Weekly Pattern:Falling Wedge
Number of records: 4
Share
Symbol:  

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

Chart Analysis and Chart Pattern Recognition – Falling Wedge Pattern.

A falling wedge pattern is a triangle formation with noticeable slant to the downside. It represents the loss of the downside momentum on each successive low and has a bullish bias. The falling wedges pattern usually marks a reversal in a downtrend. In an uptrend, the falling wedge pattern is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Falling Wedge Screening page presents a list of stocks forming Falling Wedge Pattern.
Tips:
# 1
To confirm the loss of the downside momentum at the reversal point, see bullish divergence on technical indicators.
# 2 For the best results, chart patterns should be considered together with other technical analysis signals and technical trading techniques.

Related Links

Advanced TA Search

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

Hasbro Inc. (HAS) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :Lane's Stochastic is overboughtRelative Strength Index is strongly overbought
Move cursor over the icon to see details.

It was a third consecutive positive week for the Hasbro Inc. (HAS). During the week, the HAS gained 1.56 points, or 3.01%, and closed at 53.31 on Friday, March 15, 2024. It was the best weekly gain since January 26, 2024. Weekly volume was 6% above 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 41.09 and resistance is at 63.43. 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 53.85 on March 15, 2024. HAS gained -11.19 points, or -26.23%, in 18 weeks. Price is near the trend high.

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

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 53.85 on March 15, 2024. HAS gained -5.21 points, or -10.71%, in 18 days. The price is now at the 10.36% retracement level.

Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily Lane's Stochastic is overbought while Relative Strength Index is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Relative Strength Index. 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 Relative Strength Index help.

The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 94.44
Strong Overbought
Williams' Percentage Range (W%R) 20.70
Lane's Stochastic (%D-Slow) 88.02
Overbought
Greed/Fear Indicator (GFI) 87.24
Overbought
Moving Average Converg./Diverg. (MACD) 0.54
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.23
Williams' Percentage Range (W%R) 22.00
Lane's Stochastic (%D-Slow) 71.34
Greed/Fear Indicator (GFI) 67.04
Moving Average Converg./Diverg. (MACD) -2.62
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 63.43
Upper Bollinger Band 54.04
Daily Stochastic Crossing 53.48
Price 53.31
Parabolic System 51.53
Weekly Stochastic Crossing 51.50
20 Day Moving Average 51.06
50 Day Moving Average 50.19
Lower Bollinger Band 48.91
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 7
Industry Leisure Products 75
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.64
Low Date 02/26/2024
High 53.85
High Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 42.66
Low Date 11/10/2023
High 53.85
High Date 03/15/2024
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 63.43
Support 41.09
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.