HAS closes higher for the 4th day in a row
Hasbro Inc. (HAS) Technical Analysis Report for Mar 26, 2020 | by Techniquant Editorial Team
Moving higher for the 4th day in a row, HAS ended Thursday at 68.29 gaining $1.50 (2.25%) on low volume, strongly underperforming the Nasdaq 100 (5.72%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range.
Daily Candlestick Chart (HAS as at Mar 26, 2020):
Thursday's trading range has been $6.14 (9.21%), that's above the last trading month's daily average range of $4.83. Weekly volatility is also higher, being way above the market's average weekly trading range. The longer-term, monthly volatility is currently lower than usual for HAS.
While the market is experiencing a short-term uptrend, this could just be a correction, as both the medium and long-term trends are still bearish.