HAS pops to highest close since March 15th


Hasbro Inc. (HAS) Technical Analysis Report for Apr 16, 2018 [< 1 min read]
Highlights
HAS finds buyers at key support level
HAS closes higher for the 2nd day in a row
HAS pushes through previous session high
HAS rises to highest close since March 15th
TQ Sentiment
Report Sentiment: 50% Bullish
Technical Forecast:
Overview

Moving higher for the 2nd day in a row, HAS ended Monday at 88.04 edging higher $0.28 (0.32%). Today's closing price of 88.04 marks the highest close since March 15th. Closing above Friday's high at 87.92, the share confirms its breakout through the previous session's high having traded $0.76 above it intraday.

Daily chart for HAS
Volatility

Monday's trading range was $0.79 (0.89%), that's far below last trading month's daily average range of $1.52. Things look different on a weekly scale, where volatility is slightly above the markets average with the monthly volatility being way below average.

Support/Resistance

After trading as low as 87.89 during the day, Hasbro Inc. bounced off the key support level at 87.92. The failure to close below the support could increase that levels importance as support going forward.

Trend

Though the market is experiencing a short-term up trend, this might just be a correction, as both the medium and long term trends are still in negative territory.

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being very bearish.

Market Conditions for Hasbro Inc.
ConditionForecastDirectionWinAvgWorstBestEvents
Close near high of period TQ Pro Members Only
High close to previous High TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
Bearish Bounce off SMA 20 TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
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Latest Report:

HAS closes within prior day's range

Jul 20, 2018
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