The Greedy Trader Weekly Analysis
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Uptrend Support

Uptrend Support 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. Stock market alert is a warning signal. Uptrend Support stock alert indicates that price is near long-term support trendline and probability of short-term trend reversal is high. The strategy here is to take advantage of established uptrend price pullback and entering the long position just prior to the continuation of the trend. The strategy has relatively low risk.

Uptrend Support

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- 4/19/2024 -
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Block H&R (HRB) Technical Analysis

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Summary:
Weekly :Trend support at 46.93
Daily :Williams' Percentage Range is oversoldA Parabolic SAR indicator is below and near the price
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It was a first positive week for the Block H&R (HRB). During the week, the HRB gained 0.58 points, or 1.25%, and closed at 46.84 on Friday, April 19, 2024. Weekly volume was -44% below average.

Long-term trend: [See HRB long-term trend chart]
A long-term uptrend had started on May 23, 2023 at 28.83 and reached 52.90 on March 4, 2024. HRB gained -24.07 points, or -83.49%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (46.93) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on March 4, 2024 at 52.90 and reached 45.93 on April 12, 2024. HRB lost 6.97 points, or 13.18%, in 5 weeks. The price is now at the 13.06% retracement level.

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

The weekly MACD line is below its signal line since January 26, 2024. This is an indication that the medium-term trend is down. 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 April 18, 2024 at 46.15 and reached 46.95 on April 19, 2024. HRB gained -0.80 points, or -1.73%, in 1 days. The price is now at the 13.75% retracement level.

Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Williams' Percentage Range help.

The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is low and getting smaller.

A Parabolic SAR (stop and reversal) indicator (47.18) comes close to the price (46.84). It indicates that the trend is getting weaker. 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) 39.82
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 43.42
Greed/Fear Indicator (GFI) 33.76
Moving Average Converg./Diverg. (MACD) -0.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.87
Williams' Percentage Range (W%R) 59.80
Lane's Stochastic (%D-Slow) 41.12
Greed/Fear Indicator (GFI) 43.65
Moving Average Converg./Diverg. (MACD) 2.02
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 55.34
Upper Bollinger Band 48.75
Weekly Stochastic Crossing 48.67
50 Day Moving Average 47.64
20 Day Moving Average 47.26
Parabolic System 47.18
Quarterly Trendline Support 46.93
Price 46.84
Daily Stochastic Crossing 46.70
Lower Bollinger Band 45.48
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 6
Industry Specialized Consumer Services 34
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 46.15
Low Date 04/18/2024
High 46.95
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 46.15
Low Date 04/18/2024
High 46.95
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 52.90
High Date 03/04/2024
Low 45.93
Low Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 55.34
Support 46.93
Low 28.83
Low Date 05/23/2023
High 52.90
High Date 03/04/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.29
Low Date 03/23/2020
High 52.90
High Date 03/04/2024
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.