The Greedy Trader Weekly Analysis
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Yearly Price vs. Trendline:Broken Support
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Trend Line Resistance Trend Line Support Resistance.

Trendline support resistance provides an excellent buy/sell signals in trending market. On an uptrend, buy around the support trend line level and place a stop order below the trend line support. Take profit on the trend line resistance level. Reverse the technique in a downtrend. Short around the resistance trend line level and place a stop order above the trend line resistance.

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- 5/31/2024 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overbought
Daily :Williams' Percentage Range is overboughtDaily  MACD line has moved below its signal line
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It was the negative week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gave back -0.35 points, or -0.40%, and closed at 86.37 on Friday, May 31, 2024. Weekly volume was 119% above average.

Long-term trend: [See CHRW long-term trend chart]
A long-term downtrend had started on February 2, 2023 at 108.05 and reached 65.00 on April 17, 2024. CHRW lost 43.05 points, or 39.84%, in 62 weeks. The price is now at the 49.64% retracement level.

Medium-term trend: [See CHRW medium-term trend chart]
A medium-term uptrend had started on April 17, 2024 at 65.00 and reached 86.85 on May 24, 2024. CHRW gained -21.85 points, or -33.62%, in 5 weeks. Price is near the trend high.

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. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 May 30, 2024 at 83.38 and reached 86.57 on May 31, 2024. CHRW gained -3.19 points, or -3.83%, in 1 days. The price is now at the 6.27% retracement level.

Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.69
Williams' Percentage Range (W%R) 19.00
Overbought
Lane's Stochastic (%D-Slow) 77.11
Greed/Fear Indicator (GFI) 73.27
Moving Average Converg./Diverg. (MACD) 2.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.97
Williams' Percentage Range (W%R) 13.40
Overbought
Lane's Stochastic (%D-Slow) 81.03
Overbought
Greed/Fear Indicator (GFI) 76.21
Moving Average Converg./Diverg. (MACD) -2.97
Trading Signals
Description Value Chart
Upper Bollinger Band 86.64
Price 86.37
Daily Stochastic Crossing 85.32
Weekly Stochastic Crossing 84.06
20 Day Moving Average 83.37
Parabolic System 83.19
Lower Bollinger Band 78.25
50 Day Moving Average 76.58
Sector and Industry
Description Name Rank
Sector Industrials 7
Industry Air Freight & Logistics 49
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 83.38
Low Date 05/30/2024
High 86.57
High Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 83.38
Low Date 05/30/2024
High 86.57
High Date 05/31/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.00
Low Date 04/17/2024
High 86.85
High Date 05/24/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 108.05
High Date 02/02/2023
Low 65.00
Low Date 04/17/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.23
High Date 08/25/2022
Low 65.00
Low Date 04/17/2024
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.