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Downtrend Broken Resist.Archive - 10/18/2024 - Sign In to see current Signals. |
Hasbro Inc. (HAS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Hasbro Inc. (HAS). During the week, the HAS gained 0.81 points, or 1.12%, and closed at 72.94 on Friday, October 18, 2024. Weekly volume was -32% 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 43.00 and resistance is at 81.67. 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 July 5, 2024 at 55.90 and reached 73.46 on October 1, 2024. HAS gained -17.56 points, or -31.41%, in 12 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 69.90 and resistance is at 76.05. 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 HAS weekly technical indicators chart] Weekly Relative Strength Index is overbought while Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index or strongly overbought weekly Williams' Percentage Range and 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 above its signal line since July 12, 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 HAS short-term trend chart] A short-term downtrend had started on October 1, 2024 at 73.46 and reached 70.91 on October 14, 2024. HAS lost 2.55 points, or 3.47%, in 13 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (70.59) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a short-term trend. Daily Technical Indicators: [See HAS daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since October 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger. The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. The distance between the Bollinger Bands (2.36%) is close to one year low (3.99%). It is 82.67% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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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