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 :Overbought sectorBroken trend resistance line
Daily :Broken trend resistance lineThe price has risen above the Parabolic SARPrice 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 3.27 points, or 3.66%, and closed at 92.62 on Friday, February 16, 2018. Weekly volume was -18% below average.

CHRW is a member of Services Sector. Services 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 20, 2014 at 50.21 and reached 100.18 on January 26, 2018. CHRW gained -49.97 points, or -99.52%, in 201 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (72.92) 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 100.18 on January 26, 2018. CHRW gained -36.77 points, or -57.99%, in 27 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 87.94 and resistance is at 105.30. 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 medium-term trend.

Weekly Technical Indicators: [See CHRW weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since August 25, 2017. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See CHRW short-term trend chart]
A short-term downtrend had started on January 26, 2018 at 100.18 and reached 87.16 on February 9, 2018. CHRW lost 13.02 points, or 13.00%, in 14 days. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (85.69) is broken. A broken support is considered to be a long-term bullish 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 resistance 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 below its signal line since January 29, 2018. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

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.

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) 39.14
Williams' Percentage Range (W%R) 56.10
Lane's Stochastic (%D-Slow) 77.25
Greed/Fear Indicator (GFI) 53.44
Moving Average Converg./Diverg. (MACD) 0.39
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.47
Williams' Percentage Range (W%R) 27.30
Lane's Stochastic (%D-Slow) 67.80
Greed/Fear Indicator (GFI) 68.26
Moving Average Converg./Diverg. (MACD) 4.69
Trading Signals
Description Value Chart
Monthly Trendline Resistance 105.30
Upper Bollinger Band 96.71
Weekly Stochastic Crossing 94.84
20 Day Moving Average 93.08
Daily Stochastic Crossing 92.68
Price 92.62
50 Day Moving Average 90.97
Weekly Trendline Resistance 87.94
Monthly Trendline Support 87.94
Lower Bollinger Band 87.71
Parabolic System 87.45
Weekly Trendline Support 85.69
Yearly Trendline Resistance 81.11
Sector and Industry
Description Name Rank
Sector Services 9
Industry Air Delivery/Freight Svcs 88
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 87.16
Low Date 02/09/2018
High 93.51
High Date 02/16/2018
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 87.94
Support 85.69
High 100.18
High Date 01/26/2018
Low 87.16
Low Date 02/09/2018
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 105.30
Support 87.94
Low 63.41
Low Date 07/20/2017
High 100.18
High Date 01/26/2018
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 59.71
Low Date 12/08/2015
High 100.18
High Date 01/26/2018
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 81.11
Support 72.92
Low 50.21
Low Date 03/20/2014
High 100.18
High Date 01/26/2018
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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