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Archive
- 4/5/2024 -
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Jack Henry & Associates (JKHY) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the Jack Henry & Associates (JKHY). During the week, the JKHY dropped -3.70 points, or -2.13%, and closed at 170.03 on Friday, April 5, 2024. Weekly volume was -30% below average.
JKHY is a member of Information Technology Sector. Information Technology is the second most overbought 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 JKHY long-term trend chart]
A long-term downtrend had started on August 10, 2022 at 212.62 and reached 136.57 on October 27, 2023. JKHY lost 76.05 points, or 35.77%, in 63 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (134.71) is broken. A broken support is considered to be a long-term bullish signal. 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 long-term trend.
 Medium-term trend: [See JKHY medium-term trend chart]
A medium-term downtrend had started on February 12, 2024 at 178.37 and reached 165.62 on March 25, 2024. JKHY lost 12.75 points, or 7.15%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 164.27 and resistance is at 171.25. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See JKHY weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since November 17, 2023. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See JKHY short-term trend chart]
A short-term uptrend had started on March 25, 2024 at 165.62 and reached 174.27 on March 28, 2024. JKHY gained -8.65 points, or -5.22%, in 3 days. The price is now at the 49.02% retracement level.
Daily Technical Indicators: [See JKHY daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since February 27, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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