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Archive
- 10/16/2026 -
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Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was a second positive week after 7 consecutive negative weeks for the Block H&R (HRB). During the week, the HRB gained 4.62 points, or 10.49%, and closed at 48.67 on Friday, October 16, 2026. It was the best weekly gain since August 14, 2026. Weekly volume was -17% below average.
 Long-term trend: [See HRB long-term trend chart]
A long-term downtrend had started on August 16, 2024 at 68.45 and reached 28.16 on February 12, 2026. HRB lost 40.29 points, or 58.86%, in 77 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 12.71 and resistance is at 56.96. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.
 Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on August 12, 2026 at 58.67 and reached 39.50 on September 29, 2026. HRB lost 19.17 points, or 32.67%, in 6 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (34.68) 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. HRB 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 medium-term trend.
 Weekly Technical Indicators: [See HRB weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since September 25, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
 Short-term trend: [See HRB short-term trend chart]
A short-term uptrend had started on September 29, 2026 at 39.50 and reached 49.24 on October 16, 2026. HRB gained -9.74 points, or -24.66%, in 17 days. The price is now at the 5.85% retracement level.
 Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily 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 daily Relative Strength Index and Lane's Stochastic or strongly overbought daily 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 daily MACD line is above its signal line since October 5, 2026. This is an indication that the short-term trend is up.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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