RHI: Cup Handle detected on 8 Jul 2026

RHI has formed a cup-and-handle pattern with a structure score of 14.0/15, indicating well-defined lows and a consolidating handle. The pattern base lies near $28.6 support, with the cup rim at $32.49 resistance. Current price at $34.76 sits above the handle, having broken through resistance by 7.0%. The volume score of 12.0/12 confirms strong participation, while the breakout score of 11.0/13 suggests emerging momentum. Overall pattern quality scores 81/98—solid but not exceptional. RSI at 65.74 shows strength without excess, and the 4.55% ATR reflects measured volatility in a lower-beta stock (0.69).

On July 1, 2026, RHI surged 7.1% after stronger-than-expected ADP employment data, with the June report showing 98,000 private sector jobs added versus consensus of 92,500, signaling labor market resilience positive for staffing firms. The company reported Q1 2026 global enterprise revenues of $1.3 billion with talent solutions showing positive sequential growth, and distributed a $0.59 per share dividend. Protiviti's non-US revenues increased 8% year-over-year, and tech consulting—comprising about a third of Protiviti revenues—is positioned as the brightest growth prospect covering tech modernization, data, and cyber. The recent employment catalyst combined with pent-up demand expectations has driven the 42.75% three-month rally, establishing the setup NOW as institutional buyers position for cyclical recovery.

A successful breakout targets $37.60 (conservative measured move—+8.2% from current). The pattern's 54.49% win probability reflects moderate conviction. Volume confirmation remains critical: the 0.85 relative volume ratio indicates recent activity below 20-day average, so breakout validation requires volume expanding above 2.4M shares to confirm institutional accumulation. Invalidation occurs below $28.6 support, where the cup base breaks down. This is a measured setup—not a home run, but statistically favors measured upside into resistance.

Robert Half reports earnings on July 29, 2026—just 21 days out, creating binary event risk during pattern formation. Recent Q2 FY2026 results beat EPS estimates but disappointed: earnings declined 37.9% YoY and revenues fell 7% despite beating consensus, causing the stock to drop 6.1% post-announcement. Talent Solutions revenues fell 11.3% YoY on an adjusted basis below estimates, and adjusted gross margins compressed 210 basis points YoY to 39.1%. The staffing sector remains cyclical; any labor market slowdown would break the recovery narrative. Current volume is 15% below 20-day average, suggesting lukewarm institutional commitment. RSI at 65.74 is approaching overbought territory (>70), flagging potential short-term pullback risk before pattern completion.

We scan more than 6,000 NYSE and NASDAQ stocks every trading day and compare each detected pattern against a database of 370,000+ historical detections. Every setup is scored across three dimensions: Structure, Volume, and Breakout Readiness. Win probability is a calibrated estimate of how similar historical setups performed over the following 10 trading days. This is a swing trading tool built for multi-day holds. It is not built or tested for day trading.