H&R Block Inc (HRB)
H&R Block, Inc. is a leading provider of tax preparation services and software for both assisted and do-it-yourself (DIY) tax filing, serving a diverse clientele primarily in the United States, Canada, and Australia. Headquartered in Kansas City, Missouri, the company leverages its extensive network of retail locations and digital platforms to deliver tailored solutions that cater to individual and business tax needs. H&R Block remains committed to innovation in tax technology, enhancing customer experience, and ensuring compliance in a complex tax landscape.
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 30.97% per annum.
- HRB price at the close of October 17, 2025 was $52.59 and was higher than the top border of the primary price channel by $9.61 (22.35%). This indicates a possible reversal in the primary trend direction.
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 12.02% per annum.
- HRB price at the close of October 17, 2025 was inside the secondary price channel.
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 15, 2024
End date: March 25, 2025
a = 5.5589
b = -0.0010
s = 0.0271
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0010) – 1
= -30.97%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0271) – 1
= 11.45%
August 15, 2024 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,396 + 2 × s)
= Exp(5.5589 + -0.0010 × 1,396 + 2 × 0.0271)
= Exp(4.1955)
= $66.38
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,396 – 2 × s)
= Exp(5.5589 + -0.0010 × 1,396 – 2 × 0.0271)
= Exp(4.0870)
= $59.56
March 25, 2025 calculations
Top border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 + 2 × s)
= Exp(a + b × 1,618 + 2 × s)
= Exp(5.5589 + -0.0010 × 1,618 + 2 × 0.0271)
= Exp(3.9700)
= $52.99
Bottom border of price channel:
Exp(Y1,112)
= Exp(a + b × X1,112 – 2 × s)
= Exp(a + b × 1,618 – 2 × s)
= Exp(5.5589 + -0.0010 × 1,618 – 2 × 0.0271)
= Exp(3.8616)
= $47.54
Description
- The primary trend is decreasing.
- The decline rate of the primary trend is 30.97% per annum.
- HRB price at the close of October 17, 2025 was $52.59 and was higher than the top border of the primary price channel by $9.61 (22.35%). This indicates a possible reversal in the primary trend direction.
Secondary Trend
Start date: August 15, 2024
End date: October 17, 2025
a = 4.5774
b = -0.0004
s = 0.0518
Annual growth rate:
Exp(365 × b) – 1
= Exp(365 × -0.0004) – 1
= -12.02%
Price channel spread:
Exp(4 × s) – 1
= Exp(4 × 0.0518) – 1
= 23.00%
August 15, 2024 calculations
Top border of price channel:
Exp(Y961)
= Exp(a + b × X961 + 2 × s)
= Exp(a + b × 1,396 + 2 × s)
= Exp(4.5774 + -0.0004 × 1,396 + 2 × 0.0518)
= Exp(4.1912)
= $66.10
Bottom border of price channel:
Exp(Y961)
= Exp(a + b × X961 – 2 × s)
= Exp(a + b × 1,396 – 2 × s)
= Exp(4.5774 + -0.0004 × 1,396 – 2 × 0.0518)
= Exp(3.9842)
= $53.74
October 17, 2025 calculations
Top border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 + 2 × s)
= Exp(a + b × 1,824 + 2 × s)
= Exp(4.5774 + -0.0004 × 1,824 + 2 × 0.0518)
= Exp(4.0411)
= $56.89
Bottom border of price channel:
Exp(Y1,255)
= Exp(a + b × X1,255 – 2 × s)
= Exp(a + b × 1,824 – 2 × s)
= Exp(4.5774 + -0.0004 × 1,824 – 2 × 0.0518)
= Exp(3.8340)
= $46.25
Description
- The secondary trend is decreasing.
- The decline rate of the secondary trend is 12.02% per annum.
- HRB price at the close of October 17, 2025 was inside the secondary price channel.