The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
Number of records: 10
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Williams' Percentage Range (W%R)

Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.

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- 5/10/2024 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Williams' Percentage Range is overbought20 Day Moving Average has crossed above the 50 Day Moving AverageThe period of high volatility of the stock price
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It was a second consecutive positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 1.52 points, or 1.87%, and closed at 82.72 on Friday, May 10, 2024. Weekly volume was 11% 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 price is now at the 31.51% 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 85.00 on May 2, 2024. CHRW gained -20.00 points, or -30.77%, in 2 weeks. The price is now at the 11.4% retracement level.

Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.

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 relatively 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 April 24, 2024 at 69.66 and reached 85.00 on May 2, 2024. CHRW gained -15.34 points, or -22.02%, in 8 days. The price is now at the 14.86% 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. 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.

The daily MACD line is above its signal line since April 22, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current short-term uptrend is still strong, and momentum is beginning to wane.

The distance between the Bollinger Bands is 145.27% higher then one year average. It indicates the period of high 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.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 79.14
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 71.33
Greed/Fear Indicator (GFI) 78.16
Moving Average Converg./Diverg. (MACD) 1.27
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.51
Williams' Percentage Range (W%R) 32.00
Lane's Stochastic (%D-Slow) 49.34
Greed/Fear Indicator (GFI) 58.16
Moving Average Converg./Diverg. (MACD) -4.01
Trading Signals
Description Value Chart
Upper Bollinger Band 86.18
Price 82.72
Daily Stochastic Crossing 81.26
Weekly Stochastic Crossing 75.64
Parabolic System 74.58
20 Day Moving Average 73.97
50 Day Moving Average 73.47
Lower Bollinger Band 65.72
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Air Freight & Logistics 42
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 69.66
Low Date 04/24/2024
High 85.00
High Date 05/02/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 69.66
Low Date 04/24/2024
High 85.00
High Date 05/02/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 65.00
Low Date 04/17/2024
High 85.00
High Date 05/02/2024
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.