H&R Block Technical Analysis (NYSE:HRB)
Technical analysis relies on the belief that future price movements of a stock can be forecasted through the study of historical market data and technical charts. The HRB stock chart pattern can give those who understand technical analysis an indication of which way HRB stock is headed, but cannot predict with 100% certainty as to what can happen to the H&R Block stock price.
See H&R Block bollinger bands, SMA - 200 day moving average, 50 day moving average and exponential moving averages. Technical analysis essentially tries to study the supply and demand for a particular security and determine the stock trends for that security. Chartists use stock price movements for this form of H&R Block stock analysis.
H&R Block Moving Average
Moving averages show the HRB stock price trend. The two most popular types of moving averages are the Simple Moving Average or SMA and the Exponential Moving Average or EMA. The longer the duration of the moving average, the higher the lag. For example, 200 day moving averages for H&R Block are mostly signals of long term trends and will help long term traders.
H&R Block Bollinger Bands
Bollinger Bands were developed by the famous technical trader John Bollinger and are a measure of the volatility of a stock like the HRB stock. Currently the stock price of $28.12 is in the upper range of H&R Block bollinger bands.
H&R Block Moving Average Convergence Divergence or MACD
The moving average convergence divergence or MACD is a technical indicator which helps assess the stock price trend. Traders usually wait for a confirmed crossover signal before entering into a trading position. Divergence implies that the current stock price trend could come to an end, when the stock price diverges from MACD. The H&R Block MACD line is above the signal line.
H&R Block Relative Strength Index
This technical indicator compares the relative strength or weakness of a stock. It measures the magnitude of rise or fall in stock price movements . If the RSI of HRB stock goes above 70 it could indicate an overbought condition, and if it goes below 30 it could signal an oversold position.