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Archive
- 10/23/2026 -
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Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a third positive week after 7 consecutive negative weeks for the Block H&R (HRB). During the week, the HRB gained 1.02 points, or 2.10%, and closed at 49.69 on Friday, October 23, 2026. Weekly volume was -31% 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 12.25 and resistance is at 56.85. 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 (33.23) 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.
During the last week, weekly MACD line has moved above its signal line. Such crossover is considered a bullish signal. 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 50.39 on October 22, 2026. HRB gained -10.89 points, or -27.57%, in 23 days. The price is now at the 6.43% retracement level.
 Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bearish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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.
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