The Greedy Trader Weekly Analysis
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Daily W%R:< 20
Number of records: 10
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Williams' Percentage Range (W%R)
Williams' %R is an effective momentum indicator that measures overbought/oversold levels. Like other indicators, W%R ranges between 0% and 100% , but in opposite to the other indicators, the 0% indicating overbought and 100% - the oversold stocks. W%R measures the closing price in relation to the recent low/high range. A bullish signal is generated when the W%R has reached 100, five time bars have elapsed, and the W%R has subsequently fallen to 95. A reverse signal is considered as bearish. For the sake of simplicity, the W%R closed above 10% is considered bearish and below 90% - bullish. In trending markets, the W%R stays at one end of the scale and gives false signals to trade against the trend. That is why W%R is not considered a stand-along technique, and it is essential to use it with some sort of trend formation indicators. The divergence between price and W%R rarely occurs and presents an important buy/sell signal. As our research shows, the W%R move to upper or lower bounds can be used as an earliest signal of an impending reversal. Using the Williams %R bullish divergence/bearish divergence, chart patterns, trendlines, support, and resistance lines along with the W%R chart can be very useful.
Williams' Percentage Range - overbought oversold stocks.
Williams' Percentage Range,oversold stocks,overbought,overbought oversold
Williams Percentage Range - Williams %R Bullish Divergence - W%R Bullish Divergence.
Williams Percentage Range,Bullish Divergence,Williams %R Bullish Divergence,W%R Bullish Divergence,W%R indicator,William's Percentage Range

Advance Auto Parts (AAP)

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Summary:
Weekly :
Daily :Broken trend resistance lineStochastic signal line moved above oversold areaThe price has risen above the Parabolic SAR
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It was a first positive week for the Advance Auto Parts (AAP). During the week, the AAP climbed 0.59 points, or 0.30%, and closed at 200.03 on Friday, September 10, 2021. Weekly volume was -36% below average.

Long-term trend: [See AAP long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 71.33 and reached 217.69 on July 27, 2021. AAP gained -146.36 points, or -205.19%, in 70 weeks. The price is now at the 12.07% retracement level.

Medium-term trend: [See AAP medium-term trend chart]
A medium-term downtrend had started on July 27, 2021 at 217.69 and reached 197.72 on September 3, 2021. AAP lost 19.97 points, or 9.17%, in 5 weeks. The price is now at the 11.57% retracement level.

Weekly Technical Indicators: [See AAP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since August 6, 2021. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AAP short-term trend chart]
A short-term downtrend had started on August 24, 2021 at 214.67 and reached 197.72 on September 3, 2021. AAP lost 16.95 points, or 7.90%, in 10 days. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (191.44) is broken. A broken support is considered to be a long-term bullish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend resistance line in a short-term trend.

Daily Technical Indicators: [See AAP daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since July 29, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 31.13
Williams' Percentage Range (W%R) 73.60
Lane's Stochastic (%D-Slow) 22.94
Greed/Fear Indicator (GFI) 26.81
Moving Average Converg./Diverg. (MACD) -1.74
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 54.97
Williams' Percentage Range (W%R) 50.80
Lane's Stochastic (%D-Slow) 41.75
Greed/Fear Indicator (GFI) 47.41
Moving Average Converg./Diverg. (MACD) 9.96
Trading Signals
Description Value Chart
Upper Bollinger Band 212.47
50 Day Moving Average 208.13
20 Day Moving Average 204.99
Weekly Stochastic Crossing 204.97
Price 200.03
Daily Stochastic Crossing 199.52
Weekly Trendline Resistance 197.68
Parabolic System 197.52
Lower Bollinger Band 195.65
Weekly Trendline Support 191.44
Sector and Industry
Description Name Rank
Sector Consumer Discretionary 5
Industry Automotive Retail 43
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 197.72
Low Date 09/03/2021
High 202.96
High Date 09/10/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 197.68
Support 191.44
High 214.67
High Date 08/24/2021
Low 197.72
Low Date 09/03/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 217.69
High Date 07/27/2021
Low 197.72
Low Date 09/03/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 142.46
Low Date 09/24/2020
High 217.69
High Date 07/27/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 71.33
Low Date 03/23/2020
High 217.69
High Date 07/27/2021
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.

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