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Archive
- 11/8/2024 -
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Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Block H&R (HRB). During the week, the HRB gave back -0.39 points, or -0.65%, and closed at 59.18 on Friday, November 8, 2024. Weekly volume was 24% above average.
 Long-term trend: [See HRB long-term trend chart]
A long-term uptrend had started on May 23, 2023 at 28.83 and reached 68.45 on August 16, 2024. HRB gained -39.62 points, or -137.43%, in 64 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on August 16, 2024 at 68.45 and reached 58.18 on November 8, 2024. HRB lost 10.27 points, or 15.00%, in 12 weeks. The chart has formed a Falling Wedge chart pattern. The trend support level is at 58.15 and resistance is at 59.53. A Falling Wedge is a triangle formation with a noticeable slant to the downside. It represents the loss of a downside momentum on each successive low and has a bullish bias. The Falling wedge usually marks a reversal in a downtrend. In an uptrend a falling wedge is considered to be a continuation pattern. Use the following link to access a Falling Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Wedge pattern 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 October 11, 2024. 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 October 16, 2024 at 62.01 and reached 58.18 on November 8, 2024. HRB lost 3.83 points, or 6.18%, in 23 days. The price is now at the 26.11% retracement level.
Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily technical indicators are neutral.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The price touches the lower Bollinger Band. 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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| Daily Oscillators |
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| Weekly Oscillators |
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| Trading
Signals |
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| Sector and
Industry |
| Description |
Name |
Rank |
| Sector |
Consumer Discretionary |
5 |
| Industry |
Specialized Consumer Services |
29 |
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| Daily Trend |
| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| High |
62.01 |
| High Date |
10/16/2024 |
| Low |
58.18 |
| Low Date |
11/08/2024 |
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| Weekly Trend |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
DownTrend |
| Status |
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| Resistance |
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| Support |
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| High |
64.90 |
| High Date |
09/23/2024 |
| Low |
58.18 |
| Low Date |
11/08/2024 |
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| Description |
Value |
| Direction |
Down |
| Chart Pattern |
Falling Wedge |
| Status |
Valid |
| Resistance |
59.53 |
| Support |
58.15 |
| High |
68.45 |
| High Date |
08/16/2024 |
| Low |
58.18 |
| Low Date |
11/08/2024 |
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| Quarterly Trend |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
28.83 |
| Low Date |
05/23/2023 |
| High |
68.45 |
| High Date |
08/16/2024 |
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| Description |
Value |
| Direction |
Up |
| Chart Pattern |
Uptrend |
| Status |
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| Resistance |
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| Support |
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| Low |
11.29 |
| Low Date |
03/23/2020 |
| High |
68.45 |
| High Date |
08/16/2024 |
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