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Advanced TA SearchArchive
- 4/26/2024 -
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CDW (CDW) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
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| | It was a first positive week after 3 consecutive negative weeks for the CDW (CDW). During the week, the CDW gained 6.48 points, or 2.75%, and closed at 242.26 on Friday, April 26, 2024. Weekly volume was -29% below average.
 Long-term trend: [See CDW long-term trend chart]
A long-term uptrend had started on April 19, 2023 at 160.66 and reached 263.37 on April 4, 2024. CDW gained -102.71 points, or -63.93%, in 50 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 206.73 and resistance is at 269.76. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CDW medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 263.37 and reached 234.45 on April 19, 2024. CDW lost 28.92 points, or 10.98%, in 2 weeks. The price is now at the 27.01% retracement level.
 Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See CDW short-term trend chart]
A short-term uptrend had started on April 19, 2024 at 234.45 and reached 244.55 on April 25, 2024. CDW gained -10.10 points, or -4.31%, in 6 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See CDW daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 1, 2024. The distance between MACD and the signal line is low and getting smaller.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.
During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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