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Advanced TA SearchArchive
- 4/5/2024 -
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CDW (CDW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CDW (CDW). During the week, the CDW gave back -0.59 points, or -0.23%, and closed at 255.19 on Friday, April 5, 2024. Weekly volume was -20% below average.
CDW is a member of Information Technology Sector. Information Technology is the second 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 CDW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 147.91 and reached 263.37 on April 4, 2024. CDW gained -115.46 points, or -78.06%, in 77 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (198.29) 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 CDW medium-term trend chart]
A medium-term uptrend had started on November 1, 2023 at 185.04 and reached 263.37 on April 4, 2024. CDW gained -78.33 points, or -42.33%, in 22 weeks. The price is now at the 10.44% retracement level.
 Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. 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 January 8, 2024 at 212.72 and reached 263.37 on April 4, 2024. CDW gained -50.65 points, or -23.81%, in 87 days. The chart has formed a Rising Channel chart pattern. The uptrend support line (256.83) is broken. A broken support is considered to be a long-term bearish signal. 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 short-term trend.
 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 below overbought area. Such crossover is considered a bearish signal.
During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.
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