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

American Electric Power (AEP)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtBroken trend resistance line
Daily :The price has fallen below the Parabolic SARThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close togetherPrice is close to the 50 Day Moving Average
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It was the negative week for the American Electric Power (AEP). During the week, the AEP dropped -1.58 points, or -1.75%, and closed at 88.83 on Friday, September 10, 2021. Weekly volume was -24% below average.

AEP is a member of Utilities Sector. Utilities is the 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 AEP long-term trend chart]
A long-term uptrend had started on March 31, 2009 at 24.00 and reached 104.97 on February 4, 2020. AEP gained -80.97 points, or -337.38%, in 566 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 75.01 and resistance is at 100.47. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a long-term trend.

Medium-term trend: [See AEP medium-term trend chart]
A medium-term downtrend had started on February 4, 2020 at 104.97 and reached 65.14 on March 23, 2020. AEP lost 39.83 points, or 37.94%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (80.39) 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 medium-term trend.

Weekly Technical Indicators: [See AEP weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range and Lane's Stochastic. 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 July 23, 2021. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See AEP short-term trend chart]
A short-term downtrend had started on August 20, 2021 at 91.49 and reached 88.53 on August 25, 2021. AEP lost 2.96 points, or 3.24%, in 5 days. The price is now at the 10.14% retracement level.

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

The daily MACD line is below its signal line since August 23, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward 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.

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 (2.97%) is close to one year low (2.98%). It is 59.64% lower than one year average. It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. 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. 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) 38.10
Williams' Percentage Range (W%R) 38.20
Lane's Stochastic (%D-Slow) 49.89
Greed/Fear Indicator (GFI) 49.94
Moving Average Converg./Diverg. (MACD) 0.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 57.03
Williams' Percentage Range (W%R) 11.80
Overbought
Lane's Stochastic (%D-Slow) 83.68
Overbought
Greed/Fear Indicator (GFI) 75.93
Moving Average Converg./Diverg. (MACD) 1.08
Trading Signals
Description Value Chart
Yearly Trendline Resistance 100.47
Monthly Trendline Resistance 91.63
Parabolic System 91.03
Upper Bollinger Band 90.94
Weekly Stochastic Crossing 90.30
20 Day Moving Average 89.94
Daily Stochastic Crossing 89.73
Price 88.83
Monthly Trendline Support 88.67
Lower Bollinger Band 88.30
50 Day Moving Average 88.27
Quarterly Trendline Resistance 81.34
Quarterly Trendline Support 80.39
Yearly Trendline Support 75.01
Sector and Industry
Description Name Rank
Sector Utilities 11
Industry Electric Utilities 78
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 91.49
High Date 08/20/2021
Low 88.53
Low Date 08/25/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 81.94
Low Date 06/08/2021
High 91.49
High Date 08/20/2021
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Test Support
Resistance 91.63
Support 88.67
Low 74.80
Low Date 02/26/2021
High 91.49
High Date 08/20/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 81.34
Support 80.39
High 104.97
High Date 02/04/2020
Low 65.14
Low Date 03/23/2020
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 100.47
Support 75.01
Low 24.00
Low Date 03/31/2009
High 104.97
High Date 02/04/2020
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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