The Greedy Trader Weekly Analysis
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Archive
- 10/5/2018
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Block H&R
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Summary:
Weekly :Overbought sector
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
Move cursor over the icon to see details.

It was the negative week for the Block H&R (HRB). During the week, the HRB dropped -0.31 points, or -1.20%, and closed at 25.44 on Friday, October 05, 2018. Weekly volume was -11% 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 trend support level is at 22.75 and resistance is at 28.65. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.

Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on August 15, 2017 at 31.80 and reached 22.45 on June 28, 2018. HRB lost 9.35 points, or 29.40%, in 45 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 21.59 and resistance is at 29.40. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since August 10, 2018. The distance between MACD and the signal line is low and getting smaller. 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 September 18, 2018 at 24.68 and reached 26.32 on October 1, 2018. HRB gained -1.64 points, or -6.65%, in 13 days. The chart has formed a Descending Triangle chart pattern.

Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily technical indicators are neutral.

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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.66% on Friday. It is 54.43% 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) 56.58
Williams' Percentage Range (W%R) 78.80
Lane's Stochastic (%D-Slow) 40.59
Greed/Fear Indicator (GFI) 39.45
Moving Average Converg./Diverg. (MACD) -0.06
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.38
Williams' Percentage Range (W%R) 64.80
Lane's Stochastic (%D-Slow) 46.77
Greed/Fear Indicator (GFI) 45.55
Moving Average Converg./Diverg. (MACD) -0.21
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 29.40
Yearly Trendline Resistance 28.65
Upper Bollinger Band 26.38
Parabolic System 26.19
Monthly Trendline Resistance 26.08
50 Day Moving Average 25.83
Weekly Stochastic Crossing 25.80
20 Day Moving Average 25.52
Price 25.44
Daily Stochastic Crossing 25.26
Monthly Trendline Support 25.20
Lower Bollinger Band 24.95
Yearly Trendline Support 22.75
Quarterly Trendline Support 21.59
Sector and Industry
Description Name Rank
Sector Services 8
Industry Personal Services 26
Daily Trend
Description Value
Direction Up
Chart Pattern Descending Triangle
Low 24.68
Low Date 09/18/2018
High 26.32
High Date 10/01/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 27.54
High Date 08/31/2018
Low 24.68
Low Date 09/18/2018
Description Value
Direction Up
Chart Pattern Falling Pennant
Status Valid
Resistance 26.08
Support 25.20
Low 22.45
Low Date 06/28/2018
High 27.54
High Date 08/31/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 29.40
Support 21.59
High 31.80
High Date 08/15/2017
Low 22.45
Low Date 06/28/2018
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 28.65
Support 22.75
High 37.53
High Date 11/02/2015
Low 19.18
Low Date 05/12/2016
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.

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