HRB pushes through key resistance level


Block H&R (HRB) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
HRB pushes through key resistance level
HRB fails to close above 100-day moving average
HRB pushes through previous session high
HRB rises to highest close since June 12th
TQ Sentiment
Report Sentiment: 60% Bullish
Technical Forecast:
Overview

HRB finished the week 2.01% higher at 25.86 after gaining $0.23 (0.9%) today on low volume. Today's closing price of 25.86 marks the highest close since June 12th. Closing above Thursday's high at 25.82, the share confirms its breakout through the previous session's high having traded $0.16 above it intraday.

Daily chart for HRB
Volatility

Friday's trading range was $0.47 (1.84%), that's above last trading month's daily average range of $0.38. Things look different on a weekly scale, where volatility is slightly below the markets average with the monthly volatility being slightly below average.

Price Action

In a volatile session, prices traded above the prior day's high as well as below the previous day's low, forming a bullish Outside Bar.

Support/Resistance

Breaking through the key resistance level at 25.80 today, it is now likely to act as support going forward. After spiking up to 25.98 during the day, Block H&R found resistance at the 100-day moving average at 25.90.

Trend

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

Conclusion

Even though both sentiments are bullish for the next trading day, the classical technical analysis metrics are only slightly bullish while our quantitative statistics show a bullish sentiment.

Market Conditions for Block H&R
Condition Forecast Direction Win Avg Worst Best Events
Bullish Bounce off SMA 100 TQ Pro Members Only
2 Consecutive Higher Closes TQ Pro Members Only
High close to previous High TQ Pro Members Only
Bullish Spinning Top TQ Pro Members Only
Bullish Intraday Reversal TQ Pro Members Only
More market conditions identified for TQ Pro members...
Learn more about TQ Pro
Trending Assets

Upgrade your trading!

Get the stats behind the charts

Find out what happened when Block H&R traded like this in the past. See the odds for each technical pattern with expected gain and loss.

Signup
Stocks Top Movers
BTCUSD 6,266.7342.19 0.68%
TBOND 144.5620.687 0.48%
ASX 6,329.0029.40 0.47%
EURUSD 1.13460.0002 0.02%
DXY 96.580-0.025 -0.03%
GBPUSD 1.2696-0.0026 -0.20%
ETHUSD 279.29-0.83 -0.30%
USDJPY 110.74-0.41 -0.37%
NATGAS 2.939-0.016 -0.54%
Start your day with the facts moving the markets
By clicking "Subscribe", you agree to our terms and privacy policy.

Related Stocks

ABBV 10 day candlestick chart for ABBV97.45 1.53
1.60%
ACN 10 day candlestick chart for ACN160.41 -0.83
-0.51%
ADBE 10 day candlestick chart for ADBE250.52 -5.53
-2.16%
AAP 10 day candlestick chart for AAP158.03 1.90
1.22%
AES 10 day candlestick chart for AES13.49 -0.01
-0.07%
AET 10 day candlestick chart for AET197.29 0.34
0.17%
AFL 10 day candlestick chart for AFL46.29 -0.22
-0.47%
AMG 10 day candlestick chart for AMG145.43 -1.20
-0.82%
A 10 day candlestick chart for A64.73 -2.02
-3.03%
ABT 10 day candlestick chart for ABT63.47 -0.16
-0.25%