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Downtrend Broken Resist.Archive
- 1/17/2025 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was a first positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 1.80 points, or 1.77%, and closed at 103.50 on Friday, January 17, 2025. Weekly volume was -42% below average.
 Long-term trend: [See CHRW long-term trend chart]
A long-term downtrend had started on August 25, 2022 at 121.23 and reached 65.00 on April 17, 2024. CHRW lost 56.23 points, or 46.38%, in 85 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (53.75) is broken. A broken support is considered to be a long-term bullish 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 resistance line in a long-term trend.
 Medium-term trend: [See CHRW medium-term trend chart]
A medium-term uptrend had started on April 17, 2024 at 65.00 and reached 114.80 on December 13, 2024. CHRW gained -49.80 points, or -76.62%, in 34 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (113.84) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CHRW may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.
 Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since November 22, 2024. Use the following link to access a MACD help.
 Short-term trend: [See CHRW short-term trend chart]
A short-term uptrend had started on January 13, 2025 at 100.90 and reached 105.20 on January 15, 2025. CHRW gained -4.30 points, or -4.26%, in 2 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 link to access Williams' Percentage Range help.
During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.
During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 distance between the Bollinger Bands (3.75%) is close to one year low (3.98%). It is 67.17% 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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