- 5/19/2023 -
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Block H&R (HRB)
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|It was the negative week for the Block H&R (HRB). During the week, the HRB dropped -2.42 points, or -7.55%, and closed at 29.62 on Friday, May 19, 2023. It was the worst weekly loss since December 30, 2022. Weekly volume was 82% above average. |
HRB is a member of Specialized Consumer Services Industry. Specialized Consumer Services 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 HRB long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 11.29 and reached 48.76 on August 18, 2022. HRB gained -37.47 points, or -331.89%, in 125 weeks. The price is now at the 51.08% retracement level.
Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on August 18, 2022 at 48.76 and reached 29.14 on May 19, 2023. HRB lost 19.62 points, or 40.24%, in 39 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 28.25 and resistance is at 35.73. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
Weekly Technical Indicators: [See HRB weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Relative Strength Index and Lane's Stochastic or strongly oversold 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 below its signal line since September 30, 2022. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See HRB short-term trend chart]
A short-term downtrend had started on April 3, 2023 at 35.50 and reached 29.14 on May 19, 2023. HRB lost 6.36 points, or 17.92%, in 46 days. The price is now at the 7.55% retracement level.
Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range.
The daily MACD line is below its signal line since May 2, 2023. This is an indication that the short-term trend is down.
During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.