H&R Block Inc (HRB)
H&R Block, Inc., provides services and products for assisted preparation of income tax returns and self-preparation of income tax returns (DIY) to the general public, primarily in the United States, Canada and Australia. The company is headquartered in Kansas City, Missouri.
Stock Price Trends
Stock price trends estimated using linear regression.
Key facts
- The primary trend is decreasing.
- The decline rate of the primary trend is 31.53% per annum.
- HRB price at the close of April 28, 2025 was $60.60 and was higher than the top border of the primary price channel by $8.98 (17.41%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is increasing.
- The growth rate of the secondary trend is 623.54% per annum.
- HRB price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $2.66 (4.20%). This indicates a possible reversal in the secondary trend direction.
- The direction of the secondary trend is opposite to the direction of the primary trend. This indicates a possible reversal in the direction of the primary trend.
Linear Regression Model
Model equation:
Yi = α + β × Xi + εi
Top border of price channel:
Exp(Yi) = Exp(a + b × Xi + 2 × s)
Bottom border of price channel:
Exp(Yi) = Exp(a + b × Xi – 2 × s)
where:
i - observation number
Yi - natural logarithm of HRB price
Xi - time index, 1 day interval
σ - standard deviation of εi
a - estimator of α
b - estimator of β
s - estimator of σ
Exp() - calculates the exponent of e
Primary Trend
Start date: August 16, 2024
End date: March 25, 2025
a = 5.7871
b = -0.0010
s = 0.0252
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -31.53%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0252) – 1
= 10.60%
August 16, 2024 calculations
Top border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 + 2 × s)
= Exp(a + b × 1,570 + 2 × s)
= Exp(5.7871 + -0.0010 × 1,570 + 2 × 0.0252)
= Exp(4.2084)
= $67.25
Bottom border of price channel:
Exp(Y1,082)
= Exp(a + b × X1,082 – 2 × s)
= Exp(a + b × 1,570 – 2 × s)
= Exp(5.7871 + -0.0010 × 1,570 – 2 × 0.0252)
= Exp(4.1077)
= $60.80
March 25, 2025 calculations
Top border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 + 2 × s)
= Exp(a + b × 1,791 + 2 × s)
= Exp(5.7871 + -0.0010 × 1,791 + 2 × 0.0252)
= Exp(3.9791)
= $53.47
Bottom border of price channel:
Exp(Y1,232)
= Exp(a + b × X1,232 – 2 × s)
= Exp(a + b × 1,791 – 2 × s)
= Exp(5.7871 + -0.0010 × 1,791 – 2 × 0.0252)
= Exp(3.8783)
= $48.34
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 31.53% per annum.
- HRB price at the close of April 28, 2025 was $60.60 and was higher than the top border of the primary price channel by $8.98 (17.41%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: March 12, 2025
End date: April 3, 2025
a = -5.7268
b = 0.0054
s = 0.0104
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × 0.0054) – 1
= 623.54%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0104) – 1
= 4.26%
March 12, 2025 calculations
Top border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 + 2 × s)
= Exp(a + b × 1,778 + 2 × s)
= Exp(-5.7268 + 0.0054 × 1,778 + 2 × 0.0104)
= Exp(3.9342)
= $51.12
Bottom border of price channel:
Exp(Y1,223)
= Exp(a + b × X1,223 – 2 × s)
= Exp(a + b × 1,778 – 2 × s)
= Exp(-5.7268 + 0.0054 × 1,778 – 2 × 0.0104)
= Exp(3.8924)
= $49.03
April 3, 2025 calculations
Top border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 + 2 × s)
= Exp(a + b × 1,800 + 2 × s)
= Exp(-5.7268 + 0.0054 × 1,800 + 2 × 0.0104)
= Exp(4.0534)
= $57.60
Bottom border of price channel:
Exp(Y1,239)
= Exp(a + b × X1,239 – 2 × s)
= Exp(a + b × 1,800 – 2 × s)
= Exp(-5.7268 + 0.0054 × 1,800 – 2 × 0.0104)
= Exp(4.0117)
= $55.24
Description
- The secondary trend is increasing.
- The growth rate of the secondary trend is 623.54% per annum.
- HRB price at the close of April 28, 2025 was lower than the bottom border of the secondary price channel by $2.66 (4.20%). This indicates a possible reversal in the secondary trend direction.