Downtrend Broken Resist.Archive
- 9/22/2023 -
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Expeditors Int'l. (EXPD) Technical Analysis
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|It was the negative week for the Expeditors Int'l. (EXPD). During the week, the EXPD dropped -4.53 points, or -3.82%, and closed at 113.91 on Friday, September 22, 2023. Weekly volume was -27% below average. |
Long-term trend: [See EXPD long-term trend chart]
A long-term downtrend had started on December 16, 2021 at 137.80 and reached 86.08 on September 26, 2022. EXPD lost 51.72 points, or 37.53%, in 40 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 119.92 and resistance is at 109.78. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a long-term trend.
Medium-term trend: [See EXPD medium-term trend chart]
A medium-term downtrend had started on July 31, 2023 at 128.04 and reached 112.96 on August 18, 2023. EXPD lost 15.08 points, or 11.78%, in 2 weeks. The price is now at the 6.30% retracement level.
Weekly Technical Indicators: [See EXPD weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Lane's Stochastic. 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.
The weekly MACD line is below its signal line since August 11, 2023. This is an indication that the medium-term trend is down. 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 18, 2023 at 112.96 and reached 119.56 on September 14, 2023. EXPD gained -6.60 points, or -5.84%, in 27 days. The chart has formed a Rising Channel chart pattern.
Daily Technical Indicators: [See EXPD daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Use the following link to access Williams' Percentage Range 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.
During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 5.37% on Friday. It is 51.50% lower than one year average. It indicates the period of low 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.