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Yearly Price vs. Trendline:Broken Resistance
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 3/15/2024 -
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CDW (CDW) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price is close to the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the CDW (CDW). During the week, the CDW gave back -2.44 points, or -0.98%, and closed at 245.51 on Friday, March 15, 2024. CDW was trading at average weekly trading volume.

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 250.63 on March 12, 2024. CDW gained -102.72 points, or -69.45%, in 73 weeks. The chart has formed a Ascending Triangle chart pattern. The uptrend resistance line (196.32) 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 250.63 on March 12, 2024. CDW gained -65.59 points, or -35.45%, in 18 weeks. The price is now at the 7.81% retracement level.

Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 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 downtrend had started on March 12, 2024 at 250.63 and reached 244.77 on March 15, 2024. CDW lost 5.86 points, or 2.34%, in 3 days. The price is now at the 12.63% retracement level.

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

The daily MACD line is below its signal line since February 27, 2024. This is an indication that the short-term trend is down.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

The price is close to the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (3.8%) is close to one year low (4.86%). It is 60.60% 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) 47.93
Williams' Percentage Range (W%R) 39.90
Lane's Stochastic (%D-Slow) 59.09
Greed/Fear Indicator (GFI) 55.70
Moving Average Converg./Diverg. (MACD) 3.89
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 72.61
Williams' Percentage Range (W%R) 7.50
Strong Overbought
Lane's Stochastic (%D-Slow) 90.05
Strong Overbought
Greed/Fear Indicator (GFI) 80.59
Overbought
Moving Average Converg./Diverg. (MACD) 9.98
Trading Signals
Description Value Chart
Parabolic System 250.88
Upper Bollinger Band 249.50
Weekly Stochastic Crossing 248.50
Daily Stochastic Crossing 248.08
20 Day Moving Average 246.08
Price 245.51
Lower Bollinger Band 240.17
50 Day Moving Average 235.49
Yearly Trendline Resistance 216.36
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Technology Distributors 116
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 250.63
High Date 03/12/2024
Low 244.77
Low Date 03/15/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 212.72
Low Date 01/08/2024
High 250.63
High Date 03/12/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 185.04
Low Date 11/01/2023
High 250.63
High Date 03/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 160.66
Low Date 04/19/2023
High 250.63
High Date 03/12/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 216.36
Support 196.32
Low 147.91
Low Date 10/13/2022
High 250.63
High Date 03/12/2024
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.