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Downtrend ExhaustionArchive
- 1/24/2025 -
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Hasbro Inc. (HAS) Technical Analysis
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| Summary:
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| | It was a fourth positive week after 3 consecutive negative weeks for the Hasbro Inc. (HAS). During the week, the HAS climbed 0.11 points, or 0.19%, and closed at 57.42 on Friday, January 24, 2025. Weekly volume was -30% below average.
HAS is a member of Leisure Products Industry. Leisure Products is the second 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 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 43.09 and resistance is at 79.43. 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 uptrend support line (64.75) is broken. A broken support is considered to be a long-term bearish signal. 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 HAS weekly technical indicators chart]
Weekly Relative Strength Index and Williams' Percentage Range are oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Williams' Percentage Range or strongly oversold weekly Lane's Stochastic. 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, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is below its signal line since October 25, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. 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 December 30, 2024 at 55.56 and reached 58.50 on January 21, 2025. HAS gained -2.94 points, or -5.29%, in 22 days. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 55.61 and resistance is at 58.60. 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending Wedge pattern in a short-term trend.
 Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since January 6, 2025. This is an indication that the short-term trend is up.
The distance between the Bollinger Bands is falling, and it was 3.97% on Friday. It is 66.45% 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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