The Greedy Trader Weekly Analysis
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- 5/31/2024 -
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Block H&R (HRB) Technical Analysis

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Summary:
Weekly :Oversold sectorTrend support at 48.92
Daily :Lane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the Block H&R (HRB). During the week, the HRB dropped -1.01 points, or -1.99%, and closed at 49.64 on Friday, May 31, 2024. Weekly volume was 6% above average.

HRB is a member of Consumer Discretionary Sector. Consumer Discretionary is the most oversold sector. 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 May 23, 2023 at 28.83 and reached 54.17 on May 10, 2024. HRB gained -25.34 points, or -87.89%, in 50 weeks. The chart has formed a Rising Channel chart pattern. The price is near the trend support (48.92) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a long-term trend.

Medium-term trend: [See HRB medium-term trend chart]
A medium-term uptrend had started on April 26, 2024 at 45.87 and reached 54.17 on May 10, 2024. HRB gained -8.30 points, or -18.09%, in 2 weeks. The price is now at the 54.58% retracement level.

Weekly Technical Indicators: [See HRB weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since May 10, 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 HRB short-term trend chart]
A short-term downtrend had started on May 10, 2024 at 54.17 and reached 48.23 on May 28, 2024. HRB lost 5.94 points, or 10.97%, in 18 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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 link to access Lane's Stochastic help.

The daily MACD line is below its signal line since May 23, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term downtrend is strong.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.40
Williams' Percentage Range (W%R) 75.40
Lane's Stochastic (%D-Slow) 17.59
Oversold
Greed/Fear Indicator (GFI) 24.87
Moving Average Converg./Diverg. (MACD) 0.91
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 53.76
Williams' Percentage Range (W%R) 42.20
Lane's Stochastic (%D-Slow) 59.24
Greed/Fear Indicator (GFI) 55.92
Moving Average Converg./Diverg. (MACD) 1.75
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 57.70
Upper Bollinger Band 54.58
Parabolic System 52.61
Weekly Stochastic Crossing 51.58
20 Day Moving Average 51.10
Price 49.64
Daily Stochastic Crossing 49.40
Quarterly Trendline Support 48.92
50 Day Moving Average 48.83
Lower Bollinger Band 46.39
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 1
Industry Specialized Consumer Services 85
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 54.08
High Date 05/21/2024
Low 48.23
Low Date 05/28/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 54.17
High Date 05/10/2024
Low 48.23
Low Date 05/28/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.87
Low Date 04/26/2024
High 54.17
High Date 05/10/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Test Support
Resistance 57.70
Support 48.92
Low 28.83
Low Date 05/23/2023
High 54.17
High Date 05/10/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 11.29
Low Date 03/23/2020
High 54.17
High Date 05/10/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.