CHRW closes within previous day's range after lackluster session


C. H. Robinson Worldwide (CHRW) Technical Analysis Report for Aug 10, 2018 [< 1 min read]
Highlights
CHRW closes within previous day's range after lackluster session
TQ Sentiment
Report Sentiment: 33% Bullish
Technical Forecast:
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 chart for CHRW
Volatility

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.

Support/Resistance

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

Trend

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

Order Flow

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

Conclusion

While classical technical analysis indicates a neutral sentiment for the next trading day, our quantitative statistics show a different picture being bullish.

Market Conditions for C. H. Robinson Worldwide
Condition Forecast Direction Win Avg Worst Best Events
4 Consecutive Higher Closes TQ Pro Members Only
Bounced off Technical Support S2 TQ Pro Members Only
Close to S1 Support TQ Pro Members Only
Price broke through Technical Resistance R1 TQ Pro Members Only
Hanging Man TQ Pro Members Only
More market conditions identified for TQ Pro members...
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