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Uptrend ExhaustionArchive
- 4/5/2024 -
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Robert Half International (RHI) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was the negative week for the Robert Half International (RHI). During the week, the RHI dropped -3.98 points, or -5.02%, and closed at 75.30 on Friday, April 5, 2024. It was the worst weekly loss since January 5, 2024. RHI was trading at average weekly trading volume.
RHI is a member of Industrials Sector. Industrials is the most overbought sector. RHI is a member of Human Resource & Employment Services Industry. Human Resource & Employment Services is the third most oversold industry. 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 RHI long-term trend chart]
A long-term uptrend had started on May 31, 2023 at 64.65 and reached 88.39 on December 29, 2023. RHI gained -23.74 points, or -36.72%, in 30 weeks. The chart has formed a Rising Wedge chart pattern. The price is near the trend support (76.52) 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 RHI medium-term trend chart]
A medium-term downtrend had started on December 29, 2023 at 88.39 and reached 75.03 on April 4, 2024. RHI lost 13.36 points, or 15.11%, in 13 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend support line (76.55) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 RHI weekly technical indicators chart]
Weekly Relative Strength Index is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index or strongly oversold weekly 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 Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since February 2, 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 RHI short-term trend chart]
A short-term downtrend had started on March 28, 2024 at 79.77 and reached 75.03 on April 4, 2024. RHI lost 4.74 points, or 5.94%, in 7 days. The price is now at the 5.70% retracement level.
 Daily Technical Indicators: [See RHI daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since March 22, 2024. This is an indication that the short-term trend is down.
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