The Greedy Trader Weekly Analysis
Sign In Apr 12, 2024
Skip Navigation Links
TA Search
Share
Weekly W%R:> 90
Number of records: 10
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns - N/A
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 4/5/2024 -
Sign In to see current Signals.

Ameren Corporation (AEE) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :
Daily :
Move cursor over the icon to see details.

It was the negative week for the Ameren Corporation (AEE). During the week, the AEE dropped -1.25 points, or -1.69%, and closed at 72.71 on Friday, April 5, 2024. Weekly volume was -6% below average.

Long-term trend: [See AEE long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 99.20 and reached 67.03 on February 13, 2024. AEE lost 32.17 points, or 32.43%, in 94 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 39.89 and resistance is at 79.48. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AEE medium-term trend chart]
A medium-term uptrend had started on February 13, 2024 at 67.03 and reached 74.35 on April 2, 2024. AEE gained -7.32 points, or -10.92%, in 7 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 70.82 and resistance is at 74.45. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since March 1, 2024. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AEE short-term trend chart]
A short-term uptrend had started on March 26, 2024 at 70.58 and reached 74.35 on April 2, 2024. AEE gained -3.77 points, or -5.34%, in 7 days. The price is now at the 43.50% retracement level.

Daily Technical Indicators: [See AEE daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is above its signal line since March 27, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.04
Williams' Percentage Range (W%R) 50.70
Lane's Stochastic (%D-Slow) 69.51
Greed/Fear Indicator (GFI) 58.96
Moving Average Converg./Diverg. (MACD) 0.43
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.06
Williams' Percentage Range (W%R) 64.10
Lane's Stochastic (%D-Slow) 74.68
Greed/Fear Indicator (GFI) 52.92
Moving Average Converg./Diverg. (MACD) -2.36
Trading Signals
Description Value Chart
Yearly Trendline Resistance 79.48
Monthly Trendline Resistance 74.45
Upper Bollinger Band 74.12
Daily Stochastic Crossing 73.14
Price 72.71
Weekly Stochastic Crossing 72.58
20 Day Moving Average 72.46
Parabolic System 71.72
50 Day Moving Average 71.11
Monthly Trendline Support 70.82
Lower Bollinger Band 70.72
Sector and Industry
Description Name Rank
Sector Utilities 6
Industry Multi-Utilities 41
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 74.35
High Date 04/02/2024
Low 71.79
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.58
Low Date 03/26/2024
High 74.35
High Date 04/02/2024
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 74.45
Support 70.82
Low 67.03
Low Date 02/13/2024
High 74.35
High Date 04/02/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 92.44
High Date 12/13/2022
Low 67.03
Low Date 02/13/2024
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 79.48
Support 39.89
High 99.20
High Date 04/21/2022
Low 67.03
Low Date 02/13/2024
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.