The Greedy Trader Weekly Analysis
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- 3/15/2024 -
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Expeditors Int'l. (EXPD) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineTrend resistance at 120.98
Daily :
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It was the negative week for the Expeditors Int'l. (EXPD). During the week, the EXPD dropped -1.40 points, or -1.15%, and closed at 119.86 on Friday, March 15, 2024. EXPD was trading at average weekly trading volume.

EXPD 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 EXPD long-term trend chart]
A long-term uptrend had started on October 10, 2012 at 34.20 and reached 137.80 on December 16, 2021. EXPD gained -103.60 points, or -302.92%, in 479 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (95.43) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See EXPD medium-term trend chart]
A medium-term downtrend had started on January 25, 2024 at 131.17 and reached 114.00 on February 20, 2024. EXPD lost 17.17 points, or 13.09%, in 3 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The price is near the trend resistance line (120.98). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a medium-term trend.

Weekly Technical Indicators: [See EXPD weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since February 16, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See EXPD short-term trend chart]
A short-term uptrend had started on February 20, 2024 at 114.00 and reached 122.75 on March 7, 2024. EXPD gained -8.75 points, or -7.68%, in 16 days. The price is now at the 33.03% retracement level.

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

The daily MACD line is above its signal line since March 5, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 52.22
Williams' Percentage Range (W%R) 64.00
Lane's Stochastic (%D-Slow) 53.04
Greed/Fear Indicator (GFI) 47.08
Moving Average Converg./Diverg. (MACD) -1.15
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.27
Williams' Percentage Range (W%R) 53.20
Lane's Stochastic (%D-Slow) 39.37
Greed/Fear Indicator (GFI) 43.84
Moving Average Converg./Diverg. (MACD) 2.26
Trading Signals
Description Value Chart
Upper Bollinger Band 124.65
50 Day Moving Average 124.10
Weekly Trendline Resistance 120.98
Daily Stochastic Crossing 120.40
20 Day Moving Average 120.08
Weekly Stochastic Crossing 119.91
Price 119.86
Lower Bollinger Band 117.72
Parabolic System 116.75
Yearly Trendline Resistance 105.93
Weekly Trendline Support 103.52
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Air Freight & Logistics 12
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 114.00
Low Date 02/20/2024
High 122.75
High Date 03/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Test Resistance
Resistance 120.98
Support 103.52
High 131.17
High Date 01/25/2024
Low 114.00
Low Date 02/20/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 107.03
Low Date 11/07/2023
High 131.17
High Date 01/25/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.08
Low Date 09/26/2022
High 131.17
High Date 01/25/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 105.93
Support 95.43
Low 34.20
Low Date 10/10/2012
High 137.80
High Date 12/16/2021
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.