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Monthly Pattern:Rising Wedge
Number of records: 10
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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 :Overbought sectorBroken trend support lineBroken trend resistance line
Daily :The price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW climbed 0.80 points, or 0.91%, and closed at 88.32 on Friday, June 08, 2018. Weekly volume was 10% above average.

CHRW is a member of Services Sector. Services 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 uptrend had started on March 20, 2014 at 50.21 and reached 100.18 on January 26, 2018. CHRW gained -49.97 points, or -99.52%, in 201 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (74.70) 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 July 20, 2017 at 63.41 and reached 100.18 on January 26, 2018. CHRW gained -36.77 points, or -57.99%, in 27 weeks. The chart has formed a Rising Pennant chart pattern. The uptrend support line (100.97) is broken. A broken support is considered to be a long-term bearish signal. 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 technical indicators are neutral.

The weekly MACD line is below its signal line since March 2, 2018. The distance between MACD and the signal line is relatively high, but getting smaller. 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 January 26, 2018 at 100.18 and reached 80.83 on May 3, 2018. CHRW lost 19.35 points, or 19.32%, in 97 days. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 78.05 and resistance is at 97.59. A Broadening Descending 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 Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since May 16, 2018. The distance between MACD and the signal line is low and getting smaller.

During the last week, the price has moved above 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 49.15
Williams' Percentage Range (W%R) 41.30
Lane's Stochastic (%D-Slow) 35.58
Greed/Fear Indicator (GFI) 47.81
Moving Average Converg./Diverg. (MACD) -0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 48.21
Williams' Percentage Range (W%R) 63.40
Lane's Stochastic (%D-Slow) 33.44
Greed/Fear Indicator (GFI) 39.65
Moving Average Converg./Diverg. (MACD) 2.36
Trading Signals
Description Value Chart
Monthly Trendline Support 100.97
Monthly Trendline Resistance 97.59
Weekly Trendline Resistance 97.59
Upper Bollinger Band 90.21
50 Day Moving Average 89.67
Parabolic System 89.51
Price 88.32
Daily Stochastic Crossing 88.06
Weekly Stochastic Crossing 87.64
20 Day Moving Average 87.64
Lower Bollinger Band 85.62
Yearly Trendline Resistance 81.55
Weekly Trendline Support 78.05
Yearly Trendline Support 74.70
Sector and Industry
Description Name Rank
Sector Services 8
Industry Air Delivery/Freight Svcs 107
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 98.66
High Date 04/16/2018
Low 80.83
Low Date 05/03/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 97.59
Support 78.05
High 100.18
High Date 01/26/2018
Low 80.83
Low Date 05/03/2018
Description Value
Direction Up
Chart Pattern Rising Pennant
Status Broken Support
Resistance 97.59
Support 100.97
Low 63.41
Low Date 07/20/2017
High 100.18
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.71
Low Date 12/08/2015
High 100.18
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 81.55
Support 74.70
Low 50.21
Low Date 03/20/2014
High 100.18
High Date 01/26/2018
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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