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|It was a second positive week after 3 consecutive negative weeks for the Block H&R (HRB). During the week, the HRB gained 0.42 points, or 1.79%, and closed at 23.93 on Friday, July 13, 2018. Weekly volume was -22% below average. |
HRB is a member of Services Sector. Services is the second most overbought 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 HRB long-term trend chart]
A long-term downtrend had started on November 2, 2015 at 37.53 and reached 19.18 on May 12, 2016. HRB lost 18.35 points, or 48.89%, in 27 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (25.62) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
Medium-term trend: [See HRB medium-term trend chart]
A medium-term uptrend had started on May 12, 2016 at 19.18 and reached 31.80 on August 15, 2017. HRB gained -12.62 points, or -65.80%, in 65 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (25.22) is broken. A broken support is considered to be a long-term bearish 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 support 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 June 15, 2018. Use the following link to access a MACD help.
Short-term trend: [See HRB short-term trend chart]
A short-term uptrend had started on June 28, 2018 at 22.45 and reached 24.24 on July 13, 2018. HRB gained -1.79 points, or -7.97%, in 15 days. The price is now at the 17.32% retracement level.
Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. 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 above its signal line since July 3, 2018. This is an indication that the short-term trend is up.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.