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Advanced TA SearchArchive
- 4/26/2024 -
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Block H&R (HRB) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
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| | It was the negative week for the Block H&R (HRB). During the week, the HRB gave back -0.34 points, or -0.73%, and closed at 46.50 on Friday, April 26, 2024. Weekly volume was -18% below 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 52.90 on March 4, 2024. HRB gained -24.07 points, or -83.49%, in 40 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (47.33) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. HRB may retest the broken support line. It is considered to be a resistance 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 support in a long-term trend.
 Medium-term trend: [See HRB medium-term trend chart]
A medium-term downtrend had started on March 4, 2024 at 52.90 and reached 45.87 on April 26, 2024. HRB lost 7.03 points, or 13.29%, in 7 weeks. The chart has formed a Broadening Right-Angled, Ascending Wedge chart pattern. The trend support level is at 45.97 and resistance is at 48.09. A Broadening Ascending 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 Right-Angled, Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Ascending 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 January 26, 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 April 24, 2024 at 48.21 and reached 45.87 on April 26, 2024. HRB lost 2.34 points, or 4.85%, in 2 days. The price is now at the 26.92% retracement level.
 Daily Technical Indicators: [See HRB daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold 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, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
The distance between the Bollinger Bands is falling, and it was 4.56% on Friday. It is 56.52% lower than one year average. It indicates the period of low volatility of the stock price. 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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