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Air Freight & Logistics Industry Stocks Technical Analysis - EXPD

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- 11/8/2024 -
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Expeditors Int'l. (EXPD) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Stochastic signal line moved above oversold areaRelative Strength Index bullish divergenceDaily  MACD line has moved above its signal lineThe Bollinger Bands are historically close together
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It was a first positive week after 3 consecutive negative weeks for the Expeditors Int'l. (EXPD). During the week, the EXPD climbed 1.00 points, or 0.84%, and closed at 120.10 on Friday, November 8, 2024. Weekly volume was 60% above average.

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 Broadening Ascending Wedge chart pattern. The trend support level is at 95.72 and resistance is at 134.70. 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 EXPD medium-term trend chart]
A medium-term uptrend had started on September 26, 2022 at 86.08 and reached 131.59 on September 30, 2024. EXPD gained -45.51 points, or -52.87%, in 105 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 114.93 and resistance is at 141.20. 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 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 October 11, 2024. Use the following link to access a MACD help.

Short-term trend: [See EXPD short-term trend chart]
A short-term downtrend had started on November 5, 2024 at 125.60 and reached 113.20 on November 6, 2024. EXPD lost 12.40 points, or 9.87%, in 1 days. The price is now at the 55.65% retracement level.

Daily Technical Indicators: [See EXPD 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. Daily Relative Strength Index has bullish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Relative Strength Index help.

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

The distance between the Bollinger Bands (3.03%) is close to one year low (3.56%). It is 60.81% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.20
Bullish
Williams' Percentage Range (W%R) 47.60
Lane's Stochastic (%D-Slow) 55.83
Greed/Fear Indicator (GFI) 52.48
Moving Average Converg./Diverg. (MACD) -0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.69
Williams' Percentage Range (W%R) 59.30
Lane's Stochastic (%D-Slow) 20.71
Greed/Fear Indicator (GFI) 37.30
Moving Average Converg./Diverg. (MACD) 0.57
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 141.20
Yearly Trendline Resistance 134.70
Monthly Trendline Resistance 132.59
Parabolic System 125.23
Upper Bollinger Band 122.43
50 Day Moving Average 122.39
20 Day Moving Average 120.28
Price 120.10
Daily Stochastic Crossing 119.66
Lower Bollinger Band 118.79
Weekly Stochastic Crossing 116.15
Quarterly Trendline Support 114.93
Monthly Trendline Support 111.89
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Air Freight & Logistics 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 125.60
High Date 11/05/2024
Low 113.20
Low Date 11/06/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.59
High Date 09/30/2024
Low 113.20
Low Date 11/06/2024
Description Value
Direction Up
Chart Pattern Broadening Right-Angled, Ascending Wedge
Status Valid
Resistance 132.59
Support 111.89
Low 111.20
Low Date 05/01/2024
High 131.59
High Date 09/30/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 141.20
Support 114.93
Low 86.08
Low Date 09/26/2022
High 131.59
High Date 09/30/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 134.70
Support 95.72
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.