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Downtrend Broken Resist.Archive
- 4/11/2025 -
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Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly :   | | Daily :
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| | It was a fourth consecutive positive week for the Block H&R (HRB). During the week, the HRB gained 3.56 points, or 6.41%, and closed at 59.08 on Friday, April 11, 2025. Weekly volume was 52% above average.
HRB is a member of Consumer Discretionary Sector. Consumer Discretionary is the second 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 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 49.16 on March 13, 2025. HRB lost 19.29 points, or 28.18%, in 29 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (45.71) 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 Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought 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 link to access Williams' Percentage Range help.
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 March 13, 2025 at 49.16 and reached 64.08 on April 17, 2025. HRB gained -14.92 points, or -30.35%, in 35 days. The price is now at the 33.51% retracement level.
 Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Relative Strength Index and Williams' Percentage Range are overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index and Williams' Percentage Range or strongly overbought daily Lane's Stochastic. During the last week, daily Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. Daily Relative Strength Index and Lane's Stochastic have bearish divergence. Use the following links to access the Relative Strength Index and Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index and Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following links to access Lane's Stochastic and Relative Strength Index help.
The daily MACD line is above its signal line since March 20, 2025. This is an indication that the short-term trend is up.
The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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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