The Greedy Trader Weekly Analysis
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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

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- 9/10/2021 -
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Apple Computer (AAPL)

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Summary:
Weekly :Overbought sectorBroken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineMACD bearish divergence
Daily :Williams' Percentage Range is overboughtStochastic has declined below the signal lineDaily  MACD line has moved below its signal lineA Parabolic SAR indicator is above and near the pricePrice is close to the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger BandsThe period of low volatility of the stock price
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It was the negative week for the Apple Computer (AAPL). During the week, the AAPL dropped -5.33 points, or -3.45%, and closed at 148.97 on Friday, September 10, 2021. Weekly volume was -14% below average.

AAPL is a member of Information Technology Sector. Information Technology is the second most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AAPL long-term trend chart]
A long-term downtrend had started on August 24, 2020 at 515.14 and reached 103.10 on September 21, 2020. AAPL lost 412.04 points, or 79.99%, in 4 weeks. The price is now at the 11.13% retracement level.

Medium-term trend: [See AAPL medium-term trend chart]
A medium-term uptrend had started on September 21, 2020 at 103.10 and reached 157.26 on September 7, 2021. AAPL gained -54.16 points, or -52.53%, in 50 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (131.91) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See AAPL weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly MACD has bearish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with weekly MACD bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since December 18, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See AAPL short-term trend chart]
A short-term uptrend had started on August 19, 2021 at 144.50 and reached 157.26 on September 7, 2021. AAPL gained -12.76 points, or -8.83%, in 19 days. The chart has formed a Broadening Ascending Wedge chart pattern.

Daily Technical Indicators: [See AAPL daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal.

During the last week, daily MACD line has moved below its signal line. Such crossover is considered a bearish signal.

A Parabolic SAR (stop and reversal) indicator (148.55) comes close to the price (148.97). It indicates that the trend is getting weaker. 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.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands is falling, and it was 7.79% on Friday. It is 80.93% lower than one year average. It indicates the period of low volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Price is close to the 50 Day Moving Average. While daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.69
Williams' Percentage Range (W%R) 17.70
Overbought
Lane's Stochastic (%D-Slow) 67.83
Greed/Fear Indicator (GFI) 67.27
Moving Average Converg./Diverg. (MACD) 2.08
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 78.17
Williams' Percentage Range (W%R) 6.50
Strong Overbought
Lane's Stochastic (%D-Slow) 86.43
Overbought
Greed/Fear Indicator (GFI) 80.29
Overbought
Moving Average Converg./Diverg. (MACD) -1.46 Bearish
Trading Signals
Description Value Chart
Upper Bollinger Band 156.64
Weekly Stochastic Crossing 155.16
Daily Stochastic Crossing 154.00
20 Day Moving Average 150.79
Price 148.97
Parabolic System 148.55
50 Day Moving Average 147.66
Lower Bollinger Band 145.06
Quarterly Trendline Support 131.91
Quarterly Trendline Resistance 125.77
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Technology Hardware, Storage & Peripherals 47
Daily Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Low 144.50
Low Date 08/19/2021
High 157.26
High Date 09/07/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 122.25
Low Date 05/12/2021
High 157.26
High Date 09/07/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 116.21
Low Date 03/08/2021
High 157.26
High Date 09/07/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 125.77
Support 131.91
Low 103.10
Low Date 09/21/2020
High 157.26
High Date 09/07/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 515.14
High Date 08/24/2020
Low 103.10
Low Date 09/21/2020
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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