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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
CDW (CDW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | 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.
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