H&R Block Inc Stock Forecast
H&R Block Inc stock price up 2.61% on Wednesday
(Updated on Mar 27, 2024)
The H&R Block Inc stock price gained 2.61% on the last trading day (Wednesday, 27th Mar 2024), rising from $47.42 to $48.66. During the last trading day the stock fluctuated 2.23% from a day low at $47.64 to a day high of $48.70. The price has risen in 6 of the last 10 days and is up by 2.03% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 739 thousand shares were bought and sold for approximately $35.96 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 2.75% during the next 3 months and, with a 90% probability hold a price between $47.86 and $52.27 at the end of this 3-month period.
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HRB Signals & Forecast
The H&R Block Inc stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $48.02 and $47.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 4.33%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for H&R Block Inc stock
H&R Block Inc finds support from accumulated volume at $47.77 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $1.06 (2.23%) between high and low. For the last week, the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: $46.22 (-5.01%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (HRB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect H&R Block Inc to open at $48.33, and during the day (based on 14 day Average True Range), to move between $47.52 and $49.80, which gives a possible trading interval of +/-$1.14 (+/-2.34%) up or down from last closing price. If H&R Block Inc takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $49.12 (0.95%) than the support at $47.77 (1.83%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is H&R Block Inc stock A Buy?
H&R Block Inc holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.572 Hold/Accumulate Unchanged
Predicted Opening Price for H&R Block Inc of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$48.33 ( 0.671%) | $48.66 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HRB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.39 | 1.51 % | |
R2 | 48.99 | 0.675 % | ||
R1 | 48.74 | 0.161 % | ||
Current price: | 48.66 | |||
Support | S1 | 47.93 | -1.50 % | |
S2 | 47.68 | -2.02 % | ||
S3 | 47.27 | -2.85 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 50.49 | 3.76 % | |
R2 | 49.37 | 1.46 % | ||
R1 | 49.12 | 0.95 % | ||
Current price | 48.66 | |||
Support | S1 | 47.77 | -1.83% | |
S2 | 46.69 | -4.05% | ||
S3 | 46.45 | -4.54% |
HRB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 31, 2024 | Mar 04, 2024 | Apr 03, 2024 | $0.320 | 0.658% |
2 | Nov 02, 2023 | Dec 04, 2023 | Jan 04, 2024 | $0.320 | 0.671% |
3 | Aug 15, 2023 | Sep 06, 2023 | Oct 04, 2023 | $0.320 | 0.763% |
4 | May 01, 2023 | Jun 06, 2023 | Jul 06, 2023 | $0.290 | 0.93% |
5 | Feb 01, 2023 | Mar 06, 2023 | Apr 05, 2023 | $0.290 | 0.84% |
FAQ
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