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Advanced TA SearchArchive
- 9/22/2023 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW dropped -4.61 points, or -5.09%, and closed at 85.93 on Friday, September 22, 2023. Weekly volume was -44% below average.
 Long-term trend: [See CHRW long-term trend chart]
A long-term uptrend had started on March 20, 2014 at 50.21 and reached 121.23 on August 25, 2022. CHRW gained -71.02 points, or -141.45%, in 440 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (102.61) 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 long-term trend.
 Medium-term trend: [See CHRW medium-term trend chart]
A medium-term downtrend had started on August 25, 2022 at 121.23 and reached 85.22 on September 8, 2023. CHRW lost 36.01 points, or 29.70%, in 54 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (90.21) is broken, while daily and weekly technical indicators are oversold. Downtrend is exhausted and trend reversal is possible soon. 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 Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The weekly MACD line is below its signal line since August 18, 2023. 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 July 31, 2023 at 100.88 and reached 85.22 on September 8, 2023. CHRW lost 15.66 points, or 15.52%, in 39 days. The chart has formed a Falling Channel chart pattern. The price is near the trend support (85.75) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line in a short-term trend.
 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.
The daily MACD line is above its signal line since September 14, 2023. The distance between MACD and the signal line is low and getting smaller.
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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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.
 Candlestick pattern: [See CHRW candlestick chart pattern]
On Friday the chart has formed a Bearish Three Black Crows Candlestick pattern. Use the Technical Stock Screener to see the list of stocks that had a Bearish Three Black Crows Candlestick pattern during the last week.
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