CHRW closes within previous day's range after lackluster session


C. H. Robinson Worldwide (CHRW) Technical Analysis Report for Aug 10, 2018

Highlights

CHRW closes within previous day's range after lackluster session

Overview

CHRW finished the week -0.93% lower at 94.90 after gaining $0.15 (0.16%) today. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range in a lackluster session.

Daily Candlestick Chart (CHRW as at Aug 10, 2018):

Daily technical analysis candlestick chart for C. H. Robinson Worldwide (CHRW) as at Aug 10, 2018

Friday's trading range was $1.03 (1.09%), that's far below last trading month's daily average range of $1.82. Things look different on a weekly scale, where volatility is below the markets average with the monthly volatility being slightly above average.

Prices are trading close to a key support level at 93.94.

The trend is clearly bullish, showing an intact uptrend in the short, medium and long-term.

Selling could accelerate should prices move below the nearby swing low at 93.94 where further sell stops might get triggered.


Market Conditions for CHRW as at Aug 10, 2018

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