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Monthly Pattern:Rising Wedge
Number of records: 9
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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 lineStochastic signal line moved below overbought areaBroken trend resistance line
Daily :Price has crossed below the 50 Day Moving AverageLane's Stochastic and MACD bullish divergence
Move cursor over the icon to see details.

It was the negative week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW dropped -2.44 points, or -2.66%, and closed at 89.35 on Friday, February 09, 2018. Weekly volume was 57% above average.

CHRW is a member of Services Sector. Services is the 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 (72.80) 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 Broadening Ascending Wedge chart pattern. The uptrend support line (92.97) 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. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 link to access Lane's Stochastic help.

The weekly MACD line is above its signal line since August 25, 2017. 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 downtrend had started on January 26, 2018 at 100.18 and reached 87.16 on February 9, 2018. CHRW lost 13.02 points, or 13.00%, in 14 days. The price is now at the 16.82% retracement level.

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

The daily MACD line is below its signal line since January 29, 2018. 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 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) 30.08
Williams' Percentage Range (W%R) 71.70
Lane's Stochastic (%D-Slow) 21.86
Bullish
Greed/Fear Indicator (GFI) 26.73
Moving Average Converg./Diverg. (MACD) 0.90 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 65.11
Williams' Percentage Range (W%R) 33.30
Lane's Stochastic (%D-Slow) 77.22
Greed/Fear Indicator (GFI) 67.76
Moving Average Converg./Diverg. (MACD) 4.54
Trading Signals
Description Value Chart
Monthly Trendline Resistance 103.66
Upper Bollinger Band 96.55
Weekly Stochastic Crossing 96.10
Parabolic System 94.37
20 Day Moving Average 93.44
Monthly Trendline Support 92.97
50 Day Moving Average 90.34
Daily Stochastic Crossing 89.51
Price 89.35
Lower Bollinger Band 87.58
Yearly Trendline Resistance 81.08
Yearly Trendline Support 72.80
Sector and Industry
Description Name Rank
Sector Services 9
Industry Air Delivery/Freight Svcs 108
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 93.65
High Date 02/07/2018
Low 87.16
Low Date 02/09/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 100.18
High Date 01/26/2018
Low 87.16
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Support
Resistance 103.66
Support 92.97
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 81.08
Support 72.80
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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