The Greedy Trader Weekly Analysis
Sign In Nov 27, 2020
Skip Navigation Links
Number of records: 2
Symbol:  

• Symbol Lookup
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

Air Freight & Logistics Industry Technical Analysis

Archive
- 11/20/2020 -
Sign In to see current Signals.

C.H. Robinson Worldwide (CHRW)

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sector
Daily :Bearish Dark Cloud Cover CandlestickTrend support at 92.09
Move cursor over the icon to see details.

It was a third consecutive positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW climbed 0.62 points, or 0.67%, and closed at 92.59 on Friday, November 20, 2020. Weekly volume was -22% below average.

CHRW is a member of Industrials Sector. Industrials 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 16, 2020 at 56.94 and reached 106.75 on October 8, 2020. CHRW gained -49.81 points, or -87.48%, in 29 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 89.04 and resistance is at 115.39. 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 CHRW medium-term trend chart]
A medium-term downtrend had started on October 8, 2020 at 106.75 and reached 86.78 on November 2, 2020. CHRW lost 19.97 points, or 18.71%, in 3 weeks. The price is now at the 29.09% retracement 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 October 23, 2020. 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 November 2, 2020 at 86.78 and reached 95.99 on November 9, 2020. CHRW gained -9.21 points, or -10.61%, in 7 days. The chart has formed a Broadening Ascending Wedge chart pattern. The price is near the trend support (92.09) line. The support is usually stronger when technical indicators are oversold. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend support line 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 November 10, 2020. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Candlestick pattern: [See CHRW candlestick chart pattern]
On Friday the chart has formed a Bearish Dark Cloud Cover Candlestick pattern. Bearish Dark Cloud Cover pattern is a trend reversal indicator which signifies the end of an uptrend and the start of a downtrend. The reliability of the Bearish Dark Cloud Cover pattern is considered a highly reliable pattern of market reversalUse the Technical Stock Screener to see the list of stocks that had a Bearish Dark Cloud Cover Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.64
Williams' Percentage Range (W%R) 46.70
Lane's Stochastic (%D-Slow) 62.25
Greed/Fear Indicator (GFI) 60.07
Moving Average Converg./Diverg. (MACD) -1.97
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 46.75
Williams' Percentage Range (W%R) 42.60
Lane's Stochastic (%D-Slow) 27.42
Greed/Fear Indicator (GFI) 43.70
Moving Average Converg./Diverg. (MACD) 5.27
Trading Signals
Description Value Chart
Upper Bollinger Band 100.39
50 Day Moving Average 98.45
Daily Stochastic Crossing 92.95
Price 92.59
Weekly Trendline Support 92.09
20 Day Moving Average 92.01
Weekly Stochastic Crossing 91.32
Quarterly Trendline Support 89.04
Parabolic System 89.00
Lower Bollinger Band 86.95
Sector and Industry
Description Name Rank
Sector Industrials 10
Industry Air Freight & Logistics 39
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 89.81
Low Date 11/12/2020
High 94.84
High Date 11/20/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Test Support
Resistance 111.68
Support 92.09
Low 86.78
Low Date 11/02/2020
High 95.99
High Date 11/09/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 106.75
High Date 10/08/2020
Low 86.78
Low Date 11/02/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 115.39
Support 89.04
Low 56.94
Low Date 03/16/2020
High 106.75
High Date 10/08/2020
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.20
High Date 09/11/2018
Low 56.94
Low Date 03/16/2020
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.

Copyright© 2004-2018 All rights reserved.