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Data Processing & Outsourced Services Industry Stocks Technical Analysis - JKHYArchive
- 8/30/2024 -
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Jack Henry & Associates (JKHY) Technical Analysis
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| Summary:
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| | It was a first positive week after 4 consecutive negative weeks for the Jack Henry & Associates (JKHY). During the week, the JKHY gained 8.40 points, or 5.10%, and closed at 173.03 on Friday, August 30, 2024. JKHY was trading at average weekly trading volume.
 Long-term trend: [See JKHY long-term trend chart]
A long-term uptrend had started on October 27, 2023 at 136.57 and reached 178.37 on February 12, 2024. JKHY gained -41.80 points, or -30.61%, in 15 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 164.03 and resistance is at 174.82. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern 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 174.87 on August 28, 2024. JKHY gained -17.87 points, or -11.38%, in 10 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 161.45 and resistance is at 175.05. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See JKHY weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 August 28, 2024 at 174.87 and reached 171.26 on August 30, 2024. JKHY lost 3.61 points, or 2.06%, in 2 days. The price is now at the 49.03% retracement level.
 Daily Technical Indicators: [See JKHY daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly overbought daily Lane's Stochastic. Use the following link to access Lane's Stochastic help.
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 moved above the moving average in the center of the Bollinger Bands. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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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