The Greedy Trader Weekly Analysis
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Monthly Pattern:Rising Wedge
Number of records: 12
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Chart Analysis and Chart Pattern Recognition – Rising Wedge Pattern.
A rising wage pattern is a triangle formation with noticeable slant to the upside. It represents the loss of the upside momentum on each successive high and has a bearish bias. Rising wedges pattern usually marks a reversal in an uptrend. In a downtrend, the rising wedge is considered as a continuation pattern. As with other triangle formations, volume usually diminishes as price rise and then increases during the breakout.
Rising Wedge Screening page presents a list of stocks forming Rising Wedge Pattern.
Tips:
# 1
The rising wedge appears in a mature trend characterized by overbought long-term and short-term indicators. This situation usually generates divergence on long-term indicators.
# 2 For the best results, this chart pattern should be considered together with other technical analysis signals and technical trading techniques.
Rising Wedge Pattern,Rising Wedge,Rising Wedge Chart Pattern,Stock Charting, chart pattern, charts, pattern, technical analysis, signals, chart analysis, pattern recognition, screening, technical trading
C.H. Robinson Worldwide
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Summary:
Weekly :Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic bearish divergenceBroken trend resistance line
Daily :The price has fallen below the Parabolic SARPrice has crossed below the 50 Day Moving AverageDaily  MACD line has moved above its signal lineThe price is above the upper Bollinger Band
Move cursor over the icon to see details.

It was a second consecutive positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 3.65 points, or 3.78%, and closed at 100.09 on Friday, September 14, 2018. Weekly volume was -24% 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 101.20 on September 11, 2018. CHRW gained -50.99 points, or -101.55%, in 233 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (81.55) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 uptrend had started on May 3, 2018 at 80.83 and reached 101.20 on September 11, 2018. CHRW gained -20.37 points, or -25.20%, in 18 weeks. The price is now at the 5.45% retracement level.

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. Weekly Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 July 27, 2018. This is an indication that the medium-term trend is up. 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 August 30, 2018 at 94.77 and reached 101.20 on September 11, 2018. CHRW gained -6.43 points, or -6.78%, in 12 days. The price is now at the 17.26% 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 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 price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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 price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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) 66.51
Williams' Percentage Range (W%R) 29.50
Lane's Stochastic (%D-Slow) 75.72
Greed/Fear Indicator (GFI) 70.89
Moving Average Converg./Diverg. (MACD) 1.34
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 70.63
Williams' Percentage Range (W%R) 12.50
Overbought
Lane's Stochastic (%D-Slow) 87.86
Overbought Bearish
Greed/Fear Indicator (GFI) 78.80
Moving Average Converg./Diverg. (MACD) 1.70
Trading Signals
Description Value Chart
Price 100.09
Upper Bollinger Band 99.92
Weekly Stochastic Crossing 99.76
Daily Stochastic Crossing 99.47
20 Day Moving Average 97.33
Parabolic System 96.81
Lower Bollinger Band 94.42
50 Day Moving Average 93.72
Yearly Trendline Resistance 81.94
Yearly Trendline Support 81.55
Sector and Industry
Description Name Rank
Sector Services 7
Industry Air Delivery/Freight Svcs 112
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 94.77
Low Date 08/30/2018
High 101.20
High Date 09/11/2018
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 82.23
Low Date 06/28/2018
High 101.20
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 80.83
Low Date 05/03/2018
High 101.20
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.71
Low Date 12/08/2015
High 101.20
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 81.94
Support 81.55
Low 50.21
Low Date 03/20/2014
High 101.20
High Date 09/11/2018
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.

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