The Greedy Trader Weekly Analysis
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Daily W%R:< 10
Number of records: 5
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 3/15/2024 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend support lineLane's Stochastic is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :The price has risen above the Parabolic SAR
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It was a first positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 1.49 points, or 2.06%, and closed at 73.94 on Friday, March 15, 2024. It was the best weekly gain since January 5, 2024. Weekly volume was 186% above average.

CHRW is a member of Industrials Sector. Industrials is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See CHRW long-term trend chart]
A long-term downtrend had started on August 25, 2022 at 121.23 and reached 69.11 on March 5, 2024. CHRW lost 52.12 points, or 42.99%, in 79 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (95.15) is broken. Usually a broken support is considered to be a long-term bearish signal, although a short-term pull back is possible. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See CHRW medium-term trend chart]
A medium-term downtrend had started on January 3, 2024 at 89.71 and reached 69.11 on March 5, 2024. CHRW lost 20.60 points, or 22.96%, in 8 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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 weekly MACD line is below its signal line since February 2, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term downtrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See CHRW short-term trend chart]
A short-term uptrend had started on March 5, 2024 at 69.11 and reached 77.42 on March 13, 2024. CHRW gained -8.31 points, or -12.02%, in 8 days. The price is now at the 41.88% retracement level.

Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since February 22, 2024. This is an indication that the short-term trend is up.

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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.85
Williams' Percentage Range (W%R) 35.60
Lane's Stochastic (%D-Slow) 78.53
Greed/Fear Indicator (GFI) 64.92
Moving Average Converg./Diverg. (MACD) -1.47
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.46
Williams' Percentage Range (W%R) 74.00
Lane's Stochastic (%D-Slow) 15.54
Oversold
Greed/Fear Indicator (GFI) 27.34
Moving Average Converg./Diverg. (MACD) -3.41
Trading Signals
Description Value Chart
Yearly Trendline Resistance 85.73
50 Day Moving Average 78.53
Upper Bollinger Band 77.40
Daily Stochastic Crossing 75.89
Price 73.94
20 Day Moving Average 73.27
Weekly Stochastic Crossing 72.04
Lower Bollinger Band 71.23
Parabolic System 70.69
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Air Freight & Logistics 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 77.42
High Date 03/13/2024
Low 73.42
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.11
Low Date 03/05/2024
High 77.42
High Date 03/13/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.71
High Date 01/03/2024
Low 69.11
Low Date 03/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.05
High Date 02/02/2023
Low 69.11
Low Date 03/05/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 85.73
Support 95.15
High 121.23
High Date 08/25/2022
Low 69.11
Low Date 03/05/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.