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Advanced TA SearchArchive
- 7/19/2024 -
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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 second consecutive positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 2.10 points, or 2.42%, and closed at 88.86 on Friday, July 19, 2024. Weekly volume was 8% above 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 (61.19) 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 downtrend had started on June 25, 2024 at 90.24 and reached 84.24 on July 10, 2024. CHRW lost 6.00 points, or 6.65%, in 2 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (81.28) 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 medium-term trend.
 Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and 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 April 26, 2024. The distance between MACD and the signal line is relatively high, but getting smaller. 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 July 10, 2024 at 84.24 and reached 89.81 on July 18, 2024. CHRW gained -5.57 points, or -6.61%, in 8 days. The price is now at the 17.06% retracement level.
 Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily technical indicators are neutral.
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 is falling, and it was 4.95% on Friday. It is 51.80% lower than one year average. It indicates the period of low volatility of the stock price. 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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