C.H. ROBINSON WORLDWIDE INC (CHRW) Stock Technical Analysis
USA - NASDAQ:CHRW - US12541W2098 - Common Stock
128.28 USD
+0.82 (+0.64%)
128.28 USD
0 (0%)
Taking everything into account, CHRW scores 6 out of 10 in our technical rating. In the last year, CHRW was one of the better performers, but we do observe some doubts in the very recent evolution.
CHRW is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
CHRW is part of the Air Freight & Logistics industry. There are 23 other stocks in this industry. CHRW outperforms 90% of them.
CHRW is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so CHRW is lagging the market slightly.
CHRW has an average volume of 1589920 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 82% of all stocks. However, this relatively good performance is mostly due to a recent big move.
CHRW has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 127.78, a Stop Loss order could be placed below this zone.
More info and screens
96.33
138.47
3 important support areas can be observed.
- A support zone ranging from 124.30 to 127.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @107.05 from a trend line in the daily time frame.
- Support @97.30 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 136.08 to 137.10. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for CHRW is neutral. |
| ChartMill Relative Strength | 82.9 | POSITIVE | CHRW has a high relative strength, it outperformed 82.9% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of CHRW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of CHRW is below 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) | 47.43 | NEUTRAL | The RSI value for CHRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.76 | NEGATIVE | The MACD value suggests CHRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 28.8 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 23.19 | 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)
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 |
|---|---|---|---|
| 134.82 | 124.29 | 10.53 (7.81%) | 12.80% |
| An entry @134.82. This is a Buy Stop order right above the 10 day high. | An exit @124.29. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.53 points, which is 7.81%. | For a 1.00% total portfolio risk, you can invest 12.80% of your capital in this trade. |
- 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.
128.28
+0.82 (+0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg0.64%
1 Week0.23%
2 Weeks-4.12%
1 Month-4.44%
3 Month24.9%
6 Month42.93%
12 Month18.65%
2 Year56.76%
3 Year31.27%
5 Year45.06%
10 Year84.89%
15 Year82.01%
Volatility
ATR(14)3.12
ATR(20)%2.31%
ATR Inc-20.14%
Range Today2.8
ADR(20)2.93
ADR(20)%2.28%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.9
Mansfield0.86
10 Day High134.81
10 Day Low123.64
20 Day High137.77
20 Day Low123.64
52 Week High138
52 Week Low84.68
CS1 End127.78
CR1 Start136.08
Volume & EV
DER(3)0.49%
DER(5)0.47%
Volume1.11M
Volume Incr-24.95%
Vol(5)1.32M
Vol(50)1.59M