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Downtrend Broken Resist.Archive
- 6/7/2024 -
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CDW (CDW) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week for the CDW (CDW). During the week, the CDW climbed 0.62 points, or 0.28%, and closed at 224.24 on Friday, June 7, 2024. Weekly volume was 11% above average.
 Long-term trend: [See CDW long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 147.91 and reached 263.37 on April 4, 2024. CDW gained -115.46 points, or -78.06%, in 77 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 189.15 and resistance is at 271.07. 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 CDW medium-term trend chart]
A medium-term uptrend had started on April 19, 2023 at 160.66 and reached 263.37 on April 4, 2024. CDW gained -102.71 points, or -63.93%, in 50 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 211.93 and resistance is at 281.35. 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 CDW weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since April 12, 2024. The distance between MACD and the signal line is near its high and getting bigger. Use the following link to access a MACD help.
 Short-term trend: [See CDW short-term trend chart]
A short-term downtrend had started on May 23, 2024 at 237.97 and reached 219.33 on June 3, 2024. CDW lost 18.64 points, or 7.83%, in 11 days. The price is now at the 26.34% retracement level.
Daily Technical Indicators: [See CDW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is above its signal line since May 15, 2024. The distance between MACD and the signal line is low and getting smaller.
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