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Downtrend Broken Resist.Archive
- 7/19/2024 -
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Expeditors Int'l. (EXPD) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
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| | It was a first positive week after 3 consecutive negative weeks for the Expeditors Int'l. (EXPD). During the week, the EXPD climbed 0.26 points, or 0.22%, and closed at 120.20 on Friday, July 19, 2024. Weekly volume was 36% above 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 94.05 and resistance is at 132.13. 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 Rising Channel chart pattern. The trend support level is at 113.15 and resistance is at 134.36. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.
 Weekly Technical Indicators: [See EXPD weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since May 31, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. 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 June 24, 2024 at 129.24 and reached 118.38 on July 15, 2024. EXPD lost 10.86 points, or 8.40%, in 21 days. The price is now at the 16.76% retracement level.
Daily Technical Indicators: [See EXPD daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since June 26, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (119.17) comes close to the price (120.20). It indicates that the trend is getting weaker. 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.
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