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Advanced TA SearchArchive
- 4/19/2024 -
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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 0.74 points, or 1.05%, and closed at 71.22 on Friday, April 19, 2024. Weekly volume was 35% above average.
CHRW is a member of Industrials Sector. Industrials 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 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 Symmetric Triangle chart pattern. The downtrend support line (95.75) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See CHRW medium-term trend chart]
A medium-term downtrend had started on January 3, 2024 at 89.71 and reached 65.00 on April 17, 2024. CHRW lost 24.71 points, or 27.54%, in 15 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
Short-term trend: [See CHRW short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 77.42 and reached 65.00 on April 17, 2024. CHRW lost 12.42 points, or 16.04%, in 35 days. The price is now at the 50.08% retracement level.
Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 2, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.
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.
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