The Greedy Trader Weekly Analysis
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Uptrend Broken Support
Uptrend Broken Support stock alert presents a technical analysis stock market picking technique based on combination of technical indicators, stock trend analysis, trend following indicators and pattern recognition. Stock market alert is a warning signal. Uptrend Broken Support alert is a confirmation that long term uptrend reversal is completed and a new downtrend is establiched.

Unlike other alerts, broken resistance is not a buy/sell signal. It is rather warning signal that trend direction has changed. For entry point it is usually better to wait for pull back and retest of support trendline. This point is considered as a second chance to sell long position (or open short positions) in uptrend reversal.
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C.H. Robinson Worldwide
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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionRelative Strength Index and Lane's Stochastic are overboughtWilliams' Percentage Range is strongly overbought
Daily :Lane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtDaily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price is above the upper Bollinger Band
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It was a second consecutive positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 6.87 points, or 8.62%, and closed at 86.54 on Friday, December 01, 2017. Weekly volume was 38% above average.

Long-term trend: [See CHRW long-term trend chart]
A long-term uptrend had started on December 8, 2015 at 59.71 and reached 87.17 on November 30, 2017. CHRW gained -27.46 points, or -45.99%, in 103 weeks. Price is near the trend high.

Medium-term trend: [See CHRW medium-term trend chart]
A medium-term uptrend had started on July 20, 2017 at 63.41 and reached 87.17 on November 30, 2017. CHRW gained -23.76 points, or -37.47%, in 19 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (78.82) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly Relative Strength Index and Lane's Stochastic are overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Relative Strength Index and Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range 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. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term uptrend is strong. 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 17, 2017 at 77.52 and reached 87.17 on November 30, 2017. CHRW gained -9.65 points, or -12.45%, in 13 days. The price is now at the 6.53% retracement level.

Daily Technical Indicators: [See CHRW daily technical indicators chart]
Daily Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Lane's Stochastic or strongly overbought daily Williams' Percentage Range.

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 risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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.

The price has closed on Friday above the upper Bollinger Band. It is considered a bullish signal. 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) 77.07
Williams' Percentage Range (W%R) 5.90
Strong Overbought
Lane's Stochastic (%D-Slow) 89.90
Overbought
Greed/Fear Indicator (GFI) 87.02
Overbought
Moving Average Converg./Diverg. (MACD) 1.05
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 82.85
Overbought
Williams' Percentage Range (W%R) 2.40
Strong Overbought
Lane's Stochastic (%D-Slow) 85.93
Overbought
Greed/Fear Indicator (GFI) 83.37
Overbought
Moving Average Converg./Diverg. (MACD) 1.50
Trading Signals
Description Value Chart
Daily Stochastic Crossing 86.82
Price 86.54
Upper Bollinger Band 85.69
Weekly Stochastic Crossing 85.58
Monthly Trendline Resistance 84.91
20 Day Moving Average 80.75
Parabolic System 78.83
Monthly Trendline Support 78.82
50 Day Moving Average 78.54
Lower Bollinger Band 76.39
Sector and Industry
Description Name Rank
Sector Services 4
Industry Air Delivery/Freight Svcs 115
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 77.52
Low Date 11/17/2017
High 87.17
High Date 11/30/2017
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 77.52
Low Date 11/17/2017
High 87.17
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 84.91
Support 78.82
Low 63.41
Low Date 07/20/2017
High 87.17
High Date 11/30/2017
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.71
Low Date 12/08/2015
High 87.17
High Date 11/30/2017
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 50.21
Low Date 03/20/2014
High 87.17
High Date 11/30/2017
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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