Air Freight & Logistics Industry Technical AnalysisArchive
- 11/20/2020 -
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Expeditors Int'l. (EXPD)
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|It was the negative week for the Expeditors Int'l. (EXPD). During the week, the EXPD gave back -0.20 points, or -0.22%, and closed at 88.99 on Friday, November 20, 2020. Weekly volume was -24% below average. |
EXPD 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 EXPD long-term trend chart]
A long-term uptrend had started on October 10, 2012 at 34.20 and reached 95.37 on October 23, 2020. EXPD gained -61.17 points, or -178.86%, in 419 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 71.50 and resistance is at 94.01. 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 EXPD medium-term trend chart]
A medium-term downtrend had started on October 23, 2020 at 95.37 and reached 85.01 on November 3, 2020. EXPD lost 10.36 points, or 10.86%, in 1 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend support line (89.89) 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 medium-term trend.
Weekly Technical Indicators: [See EXPD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since October 30, 2020. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.
Short-term trend: [See EXPD short-term trend chart]
A short-term uptrend had started on November 3, 2020 at 85.01 and reached 93.00 on November 9, 2020. EXPD gained -7.99 points, or -9.40%, in 6 days. The price is now at the 50.19% retracement level.
Daily Technical Indicators: [See EXPD 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.