CHRW closes within previous day's range after lackluster session
C.H. Robinson Worldwide Inc. (CHRW) Technical Analysis Report for Aug 10, 2018 | by Techniquant Editorial Team
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):
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.