The Greedy Trader Weekly Analysis
Sign In Nov 17, 2017
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Downtrend exhaustion - Stock Market Timing Signals and trading strategies.
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Block H&R
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Summary:
Weekly :Lane's Stochastic is oversoldStochastic has raised above the signal line
Daily :Stochastic signal line moved above oversold areaDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
Move cursor over the icon to see details.

It was a first positive week for the Block H&R (HRB). During the week, the HRB gained 1.02 points, or 4.24%, and closed at 25.08 on Friday, November 10, 2017. It was the best weekly gain since June 23, 2017. HRB was trading at average weekly trading volume.

Long-term trend: [See HRB long-term trend chart]
A long-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 Broadening Ascending Wedge chart pattern. The trend support level is at 20.46 and resistance is at 33.48. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge 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 23.59 on November 3, 2017. HRB lost 8.21 points, or 25.82%, in 11 weeks. The price is now at the 18.15% retracement level.

Weekly Technical Indicators: [See HRB weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish 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 below its signal line since August 25, 2017. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See HRB short-term trend chart]
A short-term downtrend had started on September 28, 2017 at 27.26 and reached 23.59 on November 3, 2017. HRB lost 3.67 points, or 13.46%, in 36 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 23.51 and resistance is at 25.88. 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 short-term trend.

Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.79
Williams' Percentage Range (W%R) 42.10
Lane's Stochastic (%D-Slow) 44.79
Greed/Fear Indicator (GFI) 47.83
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.48
Williams' Percentage Range (W%R) 79.00
Lane's Stochastic (%D-Slow) 18.42
Oversold
Greed/Fear Indicator (GFI) 26.29
Moving Average Converg./Diverg. (MACD) 0.28
Trading Signals
Description Value Chart
Upper Bollinger Band 26.77
Weekly Trendline Resistance 25.88
50 Day Moving Average 25.73
20 Day Moving Average 25.22
Price 25.08
Daily Stochastic Crossing 24.81
Weekly Stochastic Crossing 24.32
Parabolic System 23.67
Lower Bollinger Band 23.61
Weekly Trendline Support 23.51
Quarterly Trendline Support 20.46
Sector and Industry
Description Name Rank
Sector Services 4
Industry Personal Services 46
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 23.59
Low Date 11/03/2017
High 26.04
High Date 11/10/2017
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 25.88
Support 23.51
High 27.26
High Date 09/28/2017
Low 23.59
Low Date 11/03/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 31.80
High Date 08/15/2017
Low 23.59
Low Date 11/03/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 33.48
Support 20.46
Low 19.18
Low Date 05/12/2016
High 31.80
High Date 08/15/2017
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
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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