We assign a technical rating of 10 out of 10 to CHRW. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, CHRW is showing a nice and steady performance.
- Both the short term and long term trends are positive. This is a very positive sign.
- Looking at the yearly performance, CHRW did better than 94% of all other stocks. On top of that, CHRW also shows a nice and consistent pattern of rising prices.
- CHRW is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry. CHRW outperforms 95% 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 171.50 - 203.34 range, which is quite wide. It is currently trading near the high of this range.
- CHRW has an average volume of 1860770 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
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. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 197.69. Right above this resistance zone may be a good entry point.
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101.83
When analyzing the support we can see 4 important areas.
- A support zone ranging from 196.32 to 196.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @181.82 from a trend line in the daily time frame.
- A support zone ranging from 172.60 to 174.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @102.86 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 197.69 to 200.60. 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 | 94.22 | POSITIVE | CHRW has a high relative strength, it outperformed 94.22% 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) | 70.59 | OVERBOUGHT | The high RSI value suggests CHRW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests CHRW has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.96 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.66 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 49.82 | 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 |
|---|---|---|---|
| 200.61 | 196.31 | 4.30 (2.14%) | 25.00% |
| An entry @200.61. This is a Buy Stop order right above the resistance zone. | An exit @196.31. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 4.30 points, which is 2.14%. | For a 0.54% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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.
196.33
-0.28 (-0.14%)
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 trend direction for 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 70.5947. This indicates that the stock is currently overbought.
What is the short term momentum for CHRW stock?
The short term momentum for C.H. ROBINSON WORLDWIDE INC (CHRW) is positive.
Can you provide the buy/sell signal for C.H. ROBINSON WORLDWIDE INC?
The buy/sell signal for C.H. ROBINSON WORLDWIDE INC (CHRW) is buy as both the short term and long term trends are positive.