C.H. ROBINSON WORLDWIDE INC (CHRW) Technical Analysis
NASDAQ:CHRW • US12541W2098
Current stock price
CHRW Technical Rating and Analysis
Taking everything into account, CHRW scores 5 out of 10 in our technical rating. In the last year, CHRW was one of the better performers, although we are getting mixed signals now in both the short and medium term time frames.
- 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.
- Looking at the yearly performance, CHRW did better than 87% of all other stocks. On top of that, CHRW also shows a nice and consistent pattern of rising prices.
- CHRW is one of the better performing stocks in the Air Freight & Logistics industry, it outperforms 90% of 23 stocks in the same industry.
- CHRW has an average volume of 2399570 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
- CHRW is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so CHRW is lagging the market slightly.
- Considerably lower volume is observed in the last couple of days.
CHRW Weekly and Daily overview Charts
CHRW Setup Rating and Analysis
Although the technical rating is only medium, CHRW does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 163.11, a Stop Loss order could be placed below this zone.
More info and screens
CHRW Support and Resistance Analysis
159.15
When analyzing the support we notice one important area.
- A support zone ranging from 160.76 to 163.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 167.85 to 171.78. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @174.82 from a horizontal line in the daily time frame.
- A resistance zone ranging from 180.44 to 183.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
CHRW 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 | DOWN | NEGATIVE | The short term trend for CHRW is down. |
| ChartMill Relative Strength | 87.64 | POSITIVE | CHRW has a high relative strength, it outperformed 87.64% 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) | DOWN | NEGATIVE | The current price of CHRW is below a declining 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) | 44.06 | NEUTRAL | The RSI value for CHRW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests CHRW has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.95 | NEUTRAL | The Stochastics value for CHRW is a neutral value. |
| Average True Range in percent/ATR (20) | 3.33 | MEDIUM VOLATILITY | The ATR as a percentage value for CHRW suggests some volalility. |
| Average Directional Index/ADX (14) | 27.49 | POSITIVE | The high ADX value value for CHRW suggests a strong trend. |
CHRW Chart- and CandleStick Pattern Analysis
CHRW Technicals: Chart, Performance Metrics, Trend & Indicators
167.84
-0.66 (-0.39%)
C.H. ROBINSON WORLDWIDE INC / CHRW TA FAQ
What is the ChartMill technical rating of C.H. ROBINSON WORLDWIDE INC (CHRW) stock?
ChartMill assigns a technical rating of 5 / 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 C.H. ROBINSON WORLDWIDE INC (CHRW) stock?
C.H. ROBINSON WORLDWIDE INC (CHRW) has an RSI value of 44.0587. This indicates that the stock is currently neutral.
Can you provide the MACD signal for C.H. ROBINSON WORLDWIDE INC?
The MACD indicator for C.H. ROBINSON WORLDWIDE INC (CHRW) has a value of -0.0209856, indicating a bearish trend.
Can you provide the short term momentum for C.H. ROBINSON WORLDWIDE INC?
The short term momentum for C.H. ROBINSON WORLDWIDE INC (CHRW) is negative.