C.H. ROBINSON WORLDWIDE INC (CHRW) Stock Technical Analysis
NASDAQ:CHRW - Nasdaq - US12541W2098 - Common Stock - Currency: USD
Taking everything into account, CHRW scores 7 out of 10 in our technical rating. In the last year, CHRW was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
CHRW is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 85% of 22 stocks in the same industry.
CHRW is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so CHRW is leading the market.
In the last month CHRW has a been trading in the 96.27 - 116.16 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
CHRW has an average volume of 1222760 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When comparing the yearly performance of all stocks, we notice that CHRW is one of the better performing stocks in the market, outperforming 81% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
Although CHRW has an excellent technical rating, it does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
92.21
115.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 96.29 to 97.58. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @93.14 from a trend line in the weekly time frame.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | NEUTRAL | NEUTRAL | The long term trend for CHRW is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for CHRW is neutral. |
| ChartMill Relative Strength | 81.6 | POSITIVE | CHRW has a high relative strength, it outperformed 81.6% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of CHRW is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of CHRW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of CHRW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.11 | OVERBOUGHT | The high RSI value suggests CHRW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.34 | POSITIVE | The MACD value suggests CHRW has a positive trend. |
| Stochastics (14,3) | 67.53 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.68 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 26.67 | POSITIVE | The high ADX value value for CHRW suggests a strong trend. |
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
113.86
-1.46 (-1.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-1.27%
1 Week10.86%
2 Weeks16.8%
1 Month16.15%
3 Month25.36%
6 Month14.44%
12 Month15.44%
2 Year25.91%
3 Year-0.25%
5 Year15.83%
10 Year68.86%
15 Year75.2%
Volatility
ATR(14)3.4
ATR(20)%2.68%
ATR Inc410.75%
Range Today3.26
ADR(20)2.58
ADR(20)%2.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.6
Mansfield0.56
10 Day High116.16
10 Day Low96.27
20 Day High116.16
20 Day Low96.27
52 Week High116.16
52 Week Low84.68
CS1 End97.58
CR1 StartN/A
Volume & EV
DER(3)0.88%
DER(5)-0.87%
Volume2.34M
Volume Incr156.01%
Vol(5)2.73M
Vol(50)1.22M