The Greedy Trader Weekly Analysis
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- 9/13/2024 -
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Expeditors Int'l. (EXPD) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal line
Daily :Daily  MACD line has moved below its signal line20 Day Moving Average has crossed above the 50 Day Moving AverageThe Bollinger Bands are historically close together
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It was the negative week for the Expeditors Int'l. (EXPD). During the week, the EXPD gave back -0.22 points, or -0.18%, and closed at 120.78 on Friday, September 13, 2024. Weekly volume was -27% below average.

Long-term trend: [See EXPD long-term trend chart]
A long-term uptrend had started on October 10, 2012 at 34.20 and reached 137.80 on December 16, 2021. EXPD gained -103.60 points, or -302.92%, in 479 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 94.86 and resistance is at 133.40. 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 EXPD medium-term trend chart]
A medium-term uptrend had started on September 26, 2022 at 86.08 and reached 131.17 on January 25, 2024. EXPD gained -45.09 points, or -52.38%, in 69 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 113.74 and resistance is at 139.36. 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 EXPD weekly technical indicators chart]
Weekly technical indicators are neutral.

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 EXPD short-term trend chart]
A short-term uptrend had started on August 6, 2024 at 111.54 and reached 125.75 on September 4, 2024. EXPD gained -14.21 points, or -12.74%, in 29 days. The price is now at the 34.98% retracement level.

Daily Technical Indicators: [See EXPD daily technical indicators chart]
Daily technical indicators are neutral.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

The distance between the Bollinger Bands (4.04%) is close to one year low (4.31%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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 20 Day Moving Average 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) 42.07
Williams' Percentage Range (W%R) 61.60
Lane's Stochastic (%D-Slow) 32.28
Greed/Fear Indicator (GFI) 37.58
Moving Average Converg./Diverg. (MACD) 0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.59
Williams' Percentage Range (W%R) 42.80
Lane's Stochastic (%D-Slow) 57.06
Greed/Fear Indicator (GFI) 53.87
Moving Average Converg./Diverg. (MACD) 0.59
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 139.36
Yearly Trendline Resistance 133.40
Monthly Trendline Resistance 128.17
Upper Bollinger Band 124.42
Parabolic System 122.84
20 Day Moving Average 122.20
Weekly Stochastic Crossing 122.18
50 Day Moving Average 121.69
Daily Stochastic Crossing 121.36
Price 120.78
Lower Bollinger Band 119.54
Quarterly Trendline Support 113.74
Monthly Trendline Support 111.68
Sector and Industry
Description Name Rank
Sector Industrials 5
Industry Air Freight & Logistics 40
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 111.54
Low Date 08/06/2024
High 125.75
High Date 09/04/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 111.20
Low Date 05/01/2024
High 129.24
High Date 06/24/2024
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 128.17
Support 111.68
High 131.17
High Date 01/25/2024
Low 111.20
Low Date 05/01/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 139.36
Support 113.74
Low 86.08
Low Date 09/26/2022
High 131.17
High Date 01/25/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 133.40
Support 94.86
Low 34.20
Low Date 10/10/2012
High 137.80
High Date 12/16/2021
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.