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Advanced TA SearchArchive
- 5/3/2024 -
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CDW (CDW) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was the negative week for the CDW (CDW). During the week, the CDW dropped -22.70 points, or -9.37%, and closed at 219.56 on Friday, May 3, 2024. Weekly volume was 64% above average.
 Long-term trend: [See CDW long-term trend chart]
A long-term uptrend had started on April 19, 2023 at 160.66 and reached 263.37 on April 4, 2024. CDW gained -102.71 points, or -63.93%, in 50 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 207.63 and resistance is at 271.76. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.
 Medium-term trend: [See CDW medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 263.37 and reached 213.04 on May 2, 2024. CDW lost 50.33 points, or 19.11%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 216.37 and resistance is at 245.62. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 weekly MACD line is below its signal line since April 12, 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 CDW short-term trend chart]
A short-term downtrend had started on April 30, 2024 at 248.12 and reached 213.04 on May 2, 2024. CDW lost 35.08 points, or 14.14%, in 2 days. The price is now at the 18.59% retracement level.
Daily Technical Indicators: [See CDW 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. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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.
The distance between the Bollinger Bands is 115.15% 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.
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