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C.H. Robinson Worldwide Stock Forecast NASDAQ:CHRW

$99.58 (1.31%)

Volume: 1M

Closed: Dec 08, 2021

Hollow Logo Score: 2.819

C.H. Robinson Worldwide Stock Forecast

$99.58 (1.31%)

Volume: 1M

Closed: Dec 08, 2021

Score Hollow Logo 2.819
Which way will CHRW go? Request
Wed, Dec 08, 2021 Buy Candidate Upgraded
Stop-loss: $95.91 (-3.69%)
Key Stats
P/E Ratio 16.77
Beta 0.76
Trailing Dividend Rate 2.06% ($2.02)
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
RSImin/max Values: [ 25 - 75 ] RSI14 is 67 and the stock is currently not being overbought or oversold

C.H. Robinson Worldwide stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Dec 08, 2021)


Buy candidate since 2021-12-08

The C.H. Robinson Worldwide stock price gained 1.31% on the last trading day (Wednesday, 8th Dec 2021), rising from $98.29 to $99.58. , and has now gained 6 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the day the stock fluctuated 1.34% from a day low at $98.63 to a day high of $99.96. The price has risen in 6 of the last 10 days and is up by 1.85% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 70 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately $103.24 million.

The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.09% during the next 3 months and, with a 90% probability hold a price between $104.55 and $116.67 at the end of this 3-month period.

Signals & Forecast

The C.H. Robinson Worldwide stock holds buy signals from both short and long-term moving averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at $96.56 and $96.21. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, October 22, 2021, and so far it has fallen -0.12%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss

C.H. Robinson Worldwide finds support from accumulated volume at $97.64 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $1.33 between high and low, or 1.34%. For the last week the stock has had a daily average volatility of 1.93%.

Since the C.H. Robinson Worldwide has been rising for 6 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.

Our recommended stop-loss: $95.91 (-3.69%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)

Is C.H. Robinson Worldwide stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for C.H. Robinson Worldwide stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.819

Predicted Opening Price for C.H. Robinson Worldwide of Thursday, December 9, 2021

The predicted opening price is based on yesterday's movements between high, low, and the closing price.

Fair opening price December 9, 2021 Current price
$99.39 $99.58 (Overvalued)
Buy Candidate Upgraded

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Analyst Ratings

On Oct 28, 2021 "Robert W. Baird" gave "" rating for CHRW. The price target was changed from $97.64 to 0.9%.

Volatility and Risk
Daily Average Volatility: 1.93 %
Overall Risk: Very High High Medium Low Very Low
Volatility
1.93 %
Daily Average Volatility
Overall Risk

Very High
High
Medium
Low
Very Low

Support & Resistance

Resistance: $99.70
Price: $99.58
Support: $97.64

CHRW Insider Trading Show all Trades

INSIDER POWER

1.356

Last 100 transactions
Buy: 238 227 | Sell: 175 691 (Shares)
Date Action Amount Person Type
Nov 24, 2021 Sell 16 914 Short Michael John Stock Option (right to buy)
Nov 24, 2021 Sell 16 914 Short Michael John Common Stock
Nov 24, 2021 Buy 16 914 Short Michael John Common Stock
Nov 18, 2021 Sell 4 993 Pinkerton Mac S Stock Option (right to buy)
Nov 18, 2021 Sell 540 Pinkerton Mac S Common Stock
Show all Insider Trades
INSIDER POWER

1.356

Last 100 transactions
Buy: 238 227 | Sell: 175 691 (Shares)

Fibonacci Support & Resistance Levels

Level Price Change
Resistance 100.71 1.14 %
100.21 0.63 %
99.89 0.32 %
Current price: 99.58
Support 98.88 -0.70 %
98.57 -1.01 %
98.06 -1.52 %

Accumulated Volume Support & Resistance Levels

Level Price Chg %
Resistance 0 .
0 .
99.70 0.12 %
Current price 99.58
Support 97.64 -1.95%
97.03 -2.56%
87.44 -12.19%

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About C.H. Robinson Worldwide

CH Robinson Worldwide C.H. Robinson Worldwide, Inc., a third party logistics company, provides freight transportation services and logistics solutions to companies in various industries worldwide. It offers transportation and logistics services, such as truckload comprising time-definite and expedited truck transportation services; less than truckload services; intermodal transportation, which is shipment service of freight in trailers or containers by combination of ... Read more

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