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Uptrend Broken SupportArchive - 3/15/2024 - Sign In to see current Signals. |
Robert Half International (RHI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the Robert Half International (RHI). During the week, the RHI dropped -2.49 points, or -3.06%, and closed at 78.85 on Friday, March 15, 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 ninth 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 trend support level is at 75.74 and resistance is at 90.00. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern 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 77.62 on March 6, 2024. RHI lost 10.77 points, or 12.18%, in 9 weeks. The price is now at the 11.42% retracement level. Weekly Technical Indicators: [See RHI weekly technical indicators chart] Weekly technical indicators are neutral. 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 8, 2024 at 81.86 and reached 78.25 on March 15, 2024. RHI lost 3.61 points, or 4.41%, in 7 days. The price is now at the 16.62% retracement level. Daily Technical Indicators: [See RHI 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. 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 declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 4.06% on Friday. It is 60.85% 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.
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