C.H. ROBINSON WORLDWIDE INC (CHRW) Stock Technical Analysis
NASDAQ:CHRW - Nasdaq - US12541W2098 - Common Stock - Currency: USD
We assign a technical rating of 4 out of 10 to CHRW. CHRW has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
CHRW is part of the Air Freight & Logistics industry. There are 22 other stocks in this industry. CHRW outperforms 90% of them.
CHRW has an average volume of 1537060 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, CHRW turns out to be only a medium performer in the overall market: it outperformed 66% of all stocks.
CHRW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHRW is lagging the market slightly.
In the last month CHRW has a been trading in the 86.58 - 101.07 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
CHRW has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
86.09
112.00
We found 3 important support areas.
- A support zone ranging from 93.55 to 95.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @88.97 from a horizontal line in the weekly time frame.
- A support zone ranging from 86.96 to 86.97. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 99.62 to 100.28. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 102.45 to 102.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 110.37 to 110.89. This zone is formed by a combination of multiple trend lines in the daily 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 | UP | POSITIVE | The short term trend for CHRW is up. |
| ChartMill Relative Strength | 66.18 | NEUTRAL | CHRW is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of CHRW is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of CHRW is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 52.82 | NEUTRAL | The RSI value for CHRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.52 | POSITIVE | The MACD value suggests CHRW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.35 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.49 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 20.97 | NEUTRAL | The ADX value for CHRW suggests a possible start of a new 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)
95.75
-0.77 (-0.8%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg-0.8%
1 Week-4.52%
2 Weeks7.62%
1 Month6.69%
3 Month-5.09%
6 Month-11.02%
12 Month10.41%
2 Year1.28%
3 Year-11.76%
5 Year18.02%
10 Year55.11%
15 Year64.77%
Volatility
ATR(14)2.29
ATR(20)%2.49%
ATR Inc-37.5%
Range Today0.88
ADR(20)2.08
ADR(20)%2.17%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS66.18
Mansfield-0.49
10 Day High101.07
10 Day Low93.05
20 Day High101.07
20 Day Low86.58
52 Week High114.82
52 Week Low82.16
CS1 End95.56
CR1 Start99.62
Volume & EV
DER(3)1.32%
DER(5)0.87%
Volume938.60K
Volume Incr-26.58%
Vol(5)1.15M
Vol(50)1.54M