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Auto Parts & Equipment Industry Stocks Technical Analysis - HASArchive
- 4/26/2024 -
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Hasbro Inc. (HAS) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Hasbro Inc. (HAS). During the week, the HAS gained 9.20 points, or 16.65%, and closed at 64.47 on Friday, April 26, 2024. Weekly volume was 87% above average.
 Long-term trend: [See HAS long-term trend chart]
A long-term downtrend had started on January 5, 2022 at 105.73 and reached 42.66 on November 10, 2023. HAS lost 63.07 points, or 59.65%, in 96 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (40.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, but since daily indicators are overbought a short-term pull back is possible. HAS may retest the broken resistance line. It is considered to be a support line now. 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 HAS medium-term trend chart]
A medium-term uptrend had started on November 10, 2023 at 42.66 and reached 66.38 on April 24, 2024. HAS gained -23.72 points, or -55.60%, in 23 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (50.85) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.
 Weekly Technical Indicators: [See HAS weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.
The weekly MACD line is above its signal line since January 19, 2024. This is an indication that the medium-term trend is up. 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 February 26, 2024 at 48.64 and reached 66.38 on April 24, 2024. HAS gained -17.74 points, or -36.47%, in 58 days. The price is now at the 10.77% retracement level.
 Daily Technical Indicators: [See HAS daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal.
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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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