CHRW Technical Analysis - C.H. ROBINSON WORLDWIDE INC

Technical Rating and Analysis

We assign a technical rating of 9 out of 10 to CHRW. 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.

Both the short term and long term trends are positive. This is a very positive sign.

CHRW is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry. CHRW outperforms 86% of them.

CHRW is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.

In the last month CHRW has a been trading in the 124.11 - 138.00 range, which is quite wide. It is currently trading near the high of this range.

CHRW has an average volume of 1601230 traded shares per day. This is a good sign as it is always nice to have a liquid stock.

When comparing the yearly performance of all stocks, we notice that CHRW is one of the better performing stocks in the market, outperforming 86% of all stocks. However, this relatively good performance is mostly due to a recent big move.

Volume is considerably higher in the last couple of days.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

C.H. ROBINSON WORLDWIDE INC / CHRW Weekly stock chart

C.H. ROBINSON WORLDWIDE INC / CHRW Daily stock chart

Setup Rating and Analysis

Although CHRW has an excellent technical rating, it does not present a decent entry opportunity 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

94.95

135.32

3 important support areas can be observed.

Support @125.89 from a horizontal line in the daily time frame.
Support @103.49 from a trend line in the daily time frame.
Support @95.91 from a trend line in the weekly time frame.

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Technical Indicator Signal Analysis

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	86.01	POSITIVE	CHRW has a high relative strength, it outperformed 86.01% 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)	68.37	NEUTRAL	The RSI value for CHRW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	-0.05	NEGATIVE	The MACD value suggests CHRW has a negative trend.
Stochastics (14,3)	83.71	OVERBOUGHT	The high Stochastics value suggests CHRW may be overbought.
Average True Range in percent/ATR (20)	1.95	LOW VOLATILITY	The low ATR as a percentage value for CHRW suggests low volalility.
Average Directional Index/ADX (14)	51.98	POSITIVE	The high ADX value value for CHRW suggests a strong trend.