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Williams' Percentage Range (W%R) |
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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.
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Advanced TA SearchArchive
- 4/5/2024 -
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Borgwarner Inc (BWA) Technical Analysis
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| Summary:
| | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was the negative week for the Borgwarner Inc (BWA). During the week, the BWA gave back -0.13 points, or -0.37%, and closed at 34.61 on Friday, April 5, 2024. It was the worst weekly loss since February 23, 2024. BWA was trading at average weekly trading volume.
 Long-term trend: [See BWA long-term trend chart]
A long-term downtrend had started on March 3, 2023 at 51.17 and reached 29.51 on February 20, 2024. BWA lost 21.66 points, or 42.33%, in 50 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.
 Medium-term trend: [See BWA medium-term trend chart]
A medium-term uptrend had started on February 20, 2024 at 29.51 and reached 35.74 on April 4, 2024. BWA gained -6.23 points, or -21.11%, in 6 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 32.89 and resistance is at 35.90. 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 medium-term trend.
 Weekly Technical Indicators: [See BWA weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since March 8, 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 BWA short-term trend chart]
A short-term downtrend had started on April 4, 2024 at 35.74 and reached 34.22 on April 5, 2024. BWA lost 1.52 points, or 4.25%, in 1 days. Price is near the Fibonacci 23.6% retracement level.
Daily Technical Indicators: [See BWA daily technical indicators chart]
Daily technical indicators are neutral. 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. 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 above its signal line since February 28, 2024. The distance between MACD and the signal line is low and getting smaller.
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