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Advanced TA SearchArchive
- 4/26/2024 -
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C.H. Robinson Worldwide (CHRW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW dropped -1.00 points, or -1.40%, and closed at 70.22 on Friday, April 26, 2024. Weekly volume was 9% 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 chart has formed a Symmetric Triangle chart pattern. The downtrend support line (95.87) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.
 Medium-term trend: [See CHRW medium-term trend chart]
A medium-term downtrend had started on January 3, 2024 at 89.71 and reached 65.00 on April 17, 2024. CHRW lost 24.71 points, or 27.54%, in 15 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since February 2, 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 CHRW short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 65.00 and reached 71.89 on April 22, 2024. CHRW gained -6.89 points, or -10.6%, in 5 days. Price is near the Fibonacci 23.6% 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.
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