H&R BLOCK INC (HRB)       41.6  -0.22 (-0.53%)

41.6  -0.22 (-0.53%)

US0936711052 - Common Stock - After market: 41.6 0 (0%)

Technical Rating

6

We assign a technical rating of 6 out of 10 to HRB. HRB was one of the better performers in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.



The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, HRB did better than 97% of all other stocks. On top of that, HRB also shows a nice and consistent pattern of rising prices.
HRB is part of the Diversified Consumer Services industry. There are 63 other stocks in this industry. HRB outperforms 92% of them.
HRB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so HRB slightly outperforms the market at the moment.
HRB has an average volume of 1714690 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month HRB has a been trading in the 39.95 - 44.02 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.

Statistics

1 Month 3 Months 6 Months 12 Months 0.68% -7.54% 17.35% 76.27% SMA(20) SMA(50) SMA(100) SMA(200) RS 52 Wk Range ST Trend LT Trend 97.47 21.08 - 48.76
HRB Weekly chart
HRB Daily chart

Support/Resistance Analysis


37.66

45.29
When analyzing the support we can see 2 important areas.
  • Support @40.02 from a trend line in the daily time frame.
  • A support zone ranging from 38.04 to 38.05. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
  • A resistance zone ranging from 41.65 to 42.45. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 43.25 to 43.72. This zone is formed by a combination of multiple trend lines in the daily time frame.
  • Resistance @44.84 from a horizontal line in the daily time frame.

Setup Analysis

Setup Rating

6

HRB has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.


Possible Trading Setup

The following trade can be suggested based on the decent technical rating and setup score.


ENTRYEXITDISTANCECAPITAL
42.4640.551.91 (4.50%)22.23%
An entry @42.46. This is a Buy Stop order right above the resistance zone.An exit @40.55. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 1.91 points, which is 4.50%.When investing 22.23% of your capital in this trade, your total portfolio risk will be 1.00%.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
HRB Daily chart

H&R BLOCK INC41.6

NYSE:HRB (12/9/2022, 7:04:00 PM)-0.22 (-0.53%)

After market: 41.6 0 (0%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS Sector Consumer Discretionary
GICS Industry Diversified Consumer Services
Performance
Today -0.53% 1 Week -1.84%
2 Weeks -3.48% 1 Month 0.68%
3 Month -7.54% 6 Month 17.35%
Volatility
ATR(14) 1.07 ATR(20)% 2.63%
ATR Inc -48.4% Range Today 0.53
Trend & SMA
ST Trend LT Trend
SMA(5) SMA(10)
SMA(20) SMA(50)
SMA(100) SMA(200)
Relative Strength & Ranges
CRS 97.47 Mansfield 2.68
10 Day High 44.02 10 Day Low 40.56
20 Day High 44.02 20 Day Low 39.95
52 Week High 48.76 52 Week Low 21.08
CS1 End 40.02 CR1 Start 41.65
Volume & EV
DER(3) -2.87% DER(5) -1.73%
Volume 1.17M Volume Incr -20.47%
Vol(5) 1.32M Vol(50) 1.71M

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