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Advanced TA SearchArchive
- 4/19/2024 -
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CDW (CDW) Technical Analysis
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| Summary:
| | Weekly :  | | Daily :
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| | It was the negative week for the CDW (CDW). During the week, the CDW dropped -7.13 points, or -2.94%, and closed at 235.78 on Friday, April 19, 2024. Weekly volume was -13% below 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 Ascending Triangle chart pattern. The uptrend resistance line (199.70) 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 CDW medium-term trend chart]
A medium-term downtrend had started on April 4, 2024 at 263.37 and reached 234.45 on April 19, 2024. CDW lost 28.92 points, or 10.98%, in 2 weeks. Price is near the trend low.
 Weekly Technical Indicators: [See CDW weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish signal. 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 link to access Lane's Stochastic help.
During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. 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 8, 2024 at 257.33 and reached 234.45 on April 19, 2024. CDW lost 22.88 points, or 8.89%, in 11 days. The price is now at the 5.81% retracement level.
 Daily Technical Indicators: [See CDW daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Use the following link to access Williams' Percentage Range help.
The daily MACD line is below its signal line since April 1, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.
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