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Archive
- 11/8/2024 -
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Hasbro Inc. (HAS) Technical Analysis
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| Summary:
| | | Weekly : | | Daily : 
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| | It was the negative week for the Hasbro Inc. (HAS). During the week, the HAS dropped -1.59 points, or -2.42%, and closed at 64.23 on Friday, November 8, 2024. Weekly volume was -20% below average.
 Long-term trend: [See HAS long-term trend chart]
A long-term downtrend had started on July 30, 2019 at 126.87 and reached 41.33 on March 18, 2020. HAS lost 85.54 points, or 67.42%, in 33 weeks. The chart has formed a Descending Triangle chart pattern. The trend support level is at 43.02 and resistance is at 81.15. A Descending Triangle is a variation of triangle formation that has a flat support line and falling resistance line. The lower highs indicate the decreasing demand and give the descending triangle definitive bearish bias. A Descending Triangle usually represents a distribution stage in bearish market. A Descending Triangle is considered to be a continuation pattern, especially in a down trend, but it may also mark a reversal in an uptrend. Use the following link to access a Descending Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Descending Triangle pattern in a long-term trend.
 Medium-term trend: [See HAS medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 42.66 and reached 73.46 on October 1, 2024. HAS gained -30.80 points, or -72.20%, in 46 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 61.23 and resistance is at 75.76. 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 HAS weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See HAS short-term trend chart]
A short-term uptrend had started on November 6, 2024 at 62.62 and reached 64.63 on November 7, 2024. HAS gained -2.01 points, or -3.21%, in 1 days. The price is now at the 19.90% retracement level.
 Daily Technical Indicators: [See HAS 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. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is below its signal line since October 2, 2024.
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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