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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.
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Advanced TA SearchArchive - 3/15/2024 - Sign In to see current Signals. |
Costco Co. (COST) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a first positive week for the Costco Co. (COST). During the week, the COST climbed 0.07 points, or 0.01%, and closed at 725.63 on Friday, March 15, 2024. Weekly volume was 59% above average. Long-term trend: [See COST long-term trend chart] A long-term uptrend had started on May 20, 2022 at 406.51 and reached 787.08 on March 7, 2024. COST gained -380.57 points, or -93.62%, in 93 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (539.27) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend. Medium-term trend: [See COST medium-term trend chart] A medium-term uptrend had started on January 3, 2023 at 447.90 and reached 787.08 on March 7, 2024. COST gained -339.18 points, or -75.73%, in 61 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (561.44) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 COST weekly technical indicators chart] Weekly Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 link to access Lane's Stochastic help. The weekly MACD line is above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help. Short-term trend: [See COST short-term trend chart] A short-term uptrend had started on August 25, 2023 at 530.56 and reached 787.08 on March 7, 2024. COST gained -256.52 points, or -48.35%, in 195 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 564.22 and resistance is at 803.85. 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 short-term trend. Daily Technical Indicators: [See COST daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is below its signal line since March 7, 2024. The distance between MACD and the signal line is relatively high and getting bigger.
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