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Data Processing & Outsourced Services Industry Stocks Technical Analysis - JKHYArchive
- 11/15/2024 -
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Jack Henry & Associates (JKHY) Technical Analysis
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| Summary:
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| | It was the negative week for the Jack Henry & Associates (JKHY). During the week, the JKHY dropped -6.90 points, or -3.83%, and closed at 173.20 on Friday, November 15, 2024. Weekly volume was 83% above average.
 Long-term trend: [See JKHY long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 136.57 and reached 189.60 on November 6, 2024. JKHY gained -53.03 points, or -38.83%, in 53 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (168.56) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 resistance line in a long-term trend.
 Medium-term trend: [See JKHY medium-term trend chart]
A medium-term uptrend had started on June 13, 2024 at 157.00 and reached 189.60 on November 6, 2024. JKHY gained -32.60 points, or -20.76%, in 20 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 164.42 and resistance is at 191.28. 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 medium-term trend.
 Weekly Technical Indicators: [See JKHY weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since August 23, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See JKHY short-term trend chart]
A short-term downtrend had started on November 6, 2024 at 189.60 and reached 171.40 on November 15, 2024. JKHY lost 18.20 points, or 9.60%, in 9 days. The price is now at the 9.89% retracement level.
 Daily Technical Indicators: [See JKHY 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 Williams' Percentage Range help.
The daily MACD line is below its signal line since October 21, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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