The Greedy Trader Weekly Analysis
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Monthly Price vs. Trendline:Testing Resistance
Monthly Pattern:Falling Channel
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Channeling Stock - rising channel and falling channel.

Stock channeling technique is one of the most efficient and widely used trading technique. Price channel represents price movement bound by parallel lower (support) and upper (resistance) trend lines. Channels with rising trend lines (rising channel) are considered bullish and the falling channel is considered as bearish . Channels are continuation formations as far as support and resistance are not broken.
Trading technique:
# 1
Buy channeling stock on support and sell on resistance.
# 2 For bullish channel: sell channeling stock when price breakes the stock channeling support line. For bearish channel: buy channeling stock when price breaks the resistance line.
Tips:
# 1 For the best results, stock channeling should be considered together with other technical analysis signals and technical trading techniques.
Estimated Target: the main trend support/resistance line.

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- 4/19/2024 -
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Expeditors Int'l. (EXPD) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range is oversold
Daily :Daily  MACD line has moved below its signal lineThe price has fallen below the Parabolic SARWilliams' Percentage Range and Lane's Stochastic are oversold
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It was the negative week for the Expeditors Int'l. (EXPD). During the week, the EXPD dropped -3.04 points, or -2.58%, and closed at 114.61 on Friday, April 19, 2024. Weekly volume was 35% above average.

EXPD is a member of Industrials Sector. Industrials is the second 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 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 Rising Channel chart pattern. The uptrend resistance line (95.97) 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 EXPD medium-term trend chart]
A medium-term downtrend had started on January 25, 2024 at 131.17 and reached 113.97 on April 18, 2024. EXPD lost 17.20 points, or 13.11%, in 12 weeks. Price is near the trend low.

Weekly Technical Indicators: [See EXPD weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 16, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its 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 EXPD short-term trend chart]
A short-term downtrend had started on April 9, 2024 at 121.17 and reached 113.97 on April 18, 2024. EXPD lost 7.20 points, or 5.94%, in 9 days. The price is now at the 8.89% retracement level.

Daily Technical Indicators: [See EXPD daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range and Lane's Stochastic. Use the following link to access Lane's Stochastic help.

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

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 36.13
Williams' Percentage Range (W%R) 84.80
Oversold
Lane's Stochastic (%D-Slow) 11.16
Oversold
Greed/Fear Indicator (GFI) 20.84
Moving Average Converg./Diverg. (MACD) -1.10
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.65
Williams' Percentage Range (W%R) 92.10
Strong Oversold
Lane's Stochastic (%D-Slow) 27.27
Greed/Fear Indicator (GFI) 25.61
Moving Average Converg./Diverg. (MACD) 1.11
Trading Signals
Description Value Chart
Upper Bollinger Band 122.17
Parabolic System 120.18
50 Day Moving Average 119.96
20 Day Moving Average 118.12
Weekly Stochastic Crossing 116.32
Price 114.61
Daily Stochastic Crossing 114.61
Lower Bollinger Band 113.13
Yearly Trendline Resistance 106.47
Yearly Trendline Support 95.97
Sector and Industry
Description Name Rank
Sector Industrials 8
Industry Air Freight & Logistics 21
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 121.17
High Date 04/09/2024
Low 113.97
Low Date 04/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 122.83
High Date 03/22/2024
Low 113.97
Low Date 04/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.17
High Date 01/25/2024
Low 113.97
Low Date 04/18/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 86.08
Low Date 09/26/2022
High 131.17
High Date 01/25/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 106.47
Support 95.97
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.