C.H. ROBINSON WORLDWIDE INC (CHRW) Stock Technical Analysis
NASDAQ:CHRW - US12541W2098 - Common Stock
128.06 USD
+1.16 (+0.91%)
128.12 USD
+0.06 (+0.05%)
We assign a technical rating of 9 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.
The long and short term trends are both positive. This is looking good!
CHRW is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 90% of 22 stocks in the same industry.
CHRW is currently making a new 52 week high. This is a strong signal. 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 104.95 - 128.46 range, which is quite wide. It is currently trading near the high of this range.
CHRW has an average volume of 1363030 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 85% of all stocks. However, this relatively good performance is mostly due to a recent big move.
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.
More info and screens
93.58
129.34
When analyzing the support we can see 4 important areas.
- A support zone ranging from 120.44 to 121.08. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @100.60 from a trend line in the daily time frame.
- Support @98.73 from a trend line in the weekly time frame.
- Support @94.53 from a trend line in the weekly 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 | 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 | 85.49 | POSITIVE | CHRW has a high relative strength, it outperformed 85.49% 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) | 76.9 | OVERBOUGHT | The high RSI value suggests CHRW may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.17 | POSITIVE | The MACD value suggests CHRW has a positive trend. |
| Stochastics (14,3) | 96.42 | OVERBOUGHT | The high Stochastics value suggests CHRW may be overbought. |
| Average True Range in percent/ATR (20) | 2.52 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 48.32 | POSITIVE | The high ADX value value for CHRW suggests a strong 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)
128.06
+1.16 (+0.91%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryAir Freight & Logistics
Performance
% Chg0.91%
1 Week5.76%
2 Weeks5.84%
1 Month31.14%
3 Month33.44%
6 Month26.02%
12 Month23.72%
2 Year41.61%
3 Year12.19%
5 Year30.27%
10 Year89.92%
15 Year97.05%
Volatility
ATR(14)2.39
ATR(20)%2.52%
ATR Inc-11.52%
Range Today2.49
ADR(20)2.82
ADR(20)%2.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.49
Mansfield1.37
10 Day High128.46
10 Day Low119.65
20 Day High128.46
20 Day Low104.95
52 Week High128.46
52 Week Low84.68
CS1 End121.08
CR1 StartN/A
Volume & EV
DER(3)-3.15%
DER(5)-1.27%
Volume2.33M
Volume Incr7.36%
Vol(5)1.81M
Vol(50)1.36M