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Advanced TA SearchArchive
- 5/10/2024 -
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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 gained 2.90 points, or 1.32%, and closed at 222.46 on Friday, May 10, 2024. CDW was trading at average weekly trading volume.
 Long-term trend: [See CDW long-term trend chart]
A long-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 208.52 and resistance is at 273.76. 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 downtrend had started on April 4, 2024 at 263.37 and reached 213.04 on May 2, 2024. CDW lost 50.33 points, or 19.11%, in 4 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 201.55 and resistance is at 241.91. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending 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. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current medium-term downtrend is strong. 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 April 30, 2024 at 248.12 and reached 213.04 on May 2, 2024. CDW lost 35.08 points, or 14.14%, in 2 days. The price is now at the 26.85% retracement level.
Daily Technical Indicators: [See CDW daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since April 30, 2024. This is an indication that the short-term trend is down.
The distance between the Bollinger Bands is 112.68% higher then one year average. It indicates the period of high volatility of the stock price. 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.
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