C.H. ROBINSON WORLDWIDE INC (CHRW) Stock Technical Analysis
USA - NASDAQ:CHRW - US12541W2098 - Common Stock
Overall CHRW gets a technical rating of 10 out of 10. Both in the recent history as in the last year, CHRW has proven to be a steady performer, scoring decent points in every aspect analyzed.
Besides having an excellent technical rating, CHRW also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 151.69. Right above this resistance zone may be a good entry point.
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97.36
5 important support areas can be observed.
- A support zone ranging from 148.22 to 149.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 132.35 to 135.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @125.90 from a horizontal line in the daily time frame.
- Support @109.94 from a trend line in the daily time frame.
- Support @98.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 151.69 to 154.89. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
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 | UP | POSITIVE | The long term trend for CHRW is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for CHRW is up. |
| ChartMill Relative Strength | 88.91 | POSITIVE | CHRW has a high relative strength, it outperformed 88.91% 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) | 66.33 | NEUTRAL | The RSI value for CHRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.83 | POSITIVE | The MACD value suggests CHRW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.07 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.99 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 37.01 | POSITIVE | The high ADX value value for CHRW suggests a strong trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 154.90 | 148.21 | 6.69 (4.32%) | 23.15% |
| An entry @154.90. This is a Buy Stop order right above the resistance zone. | An exit @148.21. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.69 points, which is 4.32%. | When investing 23.15% of your capital in this trade, your total portfolio risk will be 1.00%. |
- The distance between exit and entry is rather small compared to the average daily movement of CHRW. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
151.66
-1.33 (-0.87%)
C.H. ROBINSON WORLDWIDE INC / CHRW FAQ
What is the ChartMill technical rating of C.H. ROBINSON WORLDWIDE INC (CHRW) stock?
ChartMill assigns a technical rating of 10 / 10 to CHRW.
What is the current trend direction of C.H. ROBINSON WORLDWIDE INC (CHRW) stock?
The current trend direction for C.H. ROBINSON WORLDWIDE INC (CHRW) is Bullish.
What is the RSI signal for CHRW stock?
C.H. ROBINSON WORLDWIDE INC (CHRW) has an RSI value of 66.3263. This indicates that the stock is currently neutral.
What is the short term momentum for C.H. ROBINSON WORLDWIDE INC (CHRW) stock?
The short term momentum for C.H. ROBINSON WORLDWIDE INC (CHRW) is positive.
What is the buy/sell signal for CHRW stock?
The buy/sell signal for C.H. ROBINSON WORLDWIDE INC (CHRW) is buy as both the short term and long term trends are positive.