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 trend support lineBroken trend resistance line
Daily :Williams' Percentage Range and Lane's Stochastic are overboughtPrice has crossed above the 50 Day Moving AverageThe price moved above the moving average in the center of the Bollinger Bands
Move cursor over the icon to see details.

It was a first positive week for the C.H. Robinson Worldwide (CHRW). During the week, the CHRW gained 3.10 points, or 3.47%, and closed at 92.33 on Friday, November 30, 2018. It was the best weekly gain since September 14, 2018. CHRW was trading at average weekly trading volume.

Long-term trend: [See CHRW long-term trend chart]
A long-term uptrend had started on March 20, 2014 at 50.21 and reached 101.20 on September 11, 2018. CHRW gained -50.99 points, or -101.55%, in 233 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (77.53) 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 101.20 on September 11, 2018. CHRW gained -37.79 points, or -59.60%, in 59 weeks. The chart has formed a Descending Triangle chart pattern. The uptrend support line (93.76) 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.

The weekly MACD line is below its signal line since October 12, 2018. 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 October 26, 2018 at 84.77 and reached 92.98 on November 30, 2018. CHRW gained -8.21 points, or -9.69%, in 35 days. The chart has formed a Falling Pennant chart pattern.

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

The daily MACD line is above its signal line since November 1, 2018. This is an indication that the short-term trend is up.

During the last week, the price has moved above the moving average in the center of the Bollinger Bands. 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.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 60.99
Williams' Percentage Range (W%R) 17.90
Overbought
Lane's Stochastic (%D-Slow) 82.44
Overbought
Greed/Fear Indicator (GFI) 75.18
Moving Average Converg./Diverg. (MACD) -0.40
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 42.64
Williams' Percentage Range (W%R) 56.00
Lane's Stochastic (%D-Slow) 32.17
Greed/Fear Indicator (GFI) 40.83
Moving Average Converg./Diverg. (MACD) 0.95
Trading Signals
Description Value Chart
Monthly Trendline Resistance 101.57
Monthly Trendline Support 93.76
Upper Bollinger Band 93.29
Price 92.33
Daily Stochastic Crossing 92.19
50 Day Moving Average 92.01
20 Day Moving Average 90.03
Weekly Stochastic Crossing 89.44
Parabolic System 89.26
Lower Bollinger Band 87.84
Yearly Trendline Resistance 82.25
Yearly Trendline Support 77.53
Sector and Industry
Description Name Rank
Sector Services 7
Industry Air Delivery/Freight Svcs 94
Daily Trend
Description Value
Direction Up
Chart Pattern Falling Pennant
Low 84.77
Low Date 10/26/2018
High 92.98
High Date 11/30/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 101.20
High Date 09/11/2018
Low 84.77
Low Date 10/26/2018
Description Value
Direction Up
Chart Pattern Descending Triangle
Status Broken Support
Resistance 101.57
Support 93.76
Low 63.41
Low Date 07/20/2017
High 101.20
High Date 09/11/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.71
Low Date 12/08/2015
High 101.20
High Date 09/11/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 82.25
Support 77.53
Low 50.21
Low Date 03/20/2014
High 101.20
High Date 09/11/2018
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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