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Daily W%R Divergence:Bullish
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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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- 4/19/2024 -
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Coty, Inc (COTY) Technical Analysis

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Summary:
Weekly :Broken trend support lineBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SAR
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It was a first positive week for the Coty, Inc (COTY). During the week, the COTY gained 0.64 points, or 6.09%, and closed at 11.15 on Friday, April 19, 2024. It was the best weekly gain since February 23, 2024. Weekly volume was 14% above average.

Long-term trend: [See COTY long-term trend chart]
A long-term uptrend had started on November 1, 2023 at 9.02 and reached 13.30 on February 27, 2024. COTY gained -4.28 points, or -47.45%, in 16 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (13.09) is broken. A broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See COTY medium-term trend chart]
A medium-term downtrend had started on February 27, 2024 at 13.30 and reached 10.41 on April 12, 2024. COTY lost 2.89 points, or 21.73%, in 6 weeks. The chart has formed a Falling Channel chart pattern. The downtrend resistance line (10.08) 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 COTY weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 below its signal line since March 22, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See COTY short-term trend chart]
A short-term uptrend had started on April 12, 2024 at 10.41 and reached 11.17 on April 19, 2024. COTY gained -0.76 points, or -7.30%, in 7 days. Price is near the trend high.

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

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

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.05
Williams' Percentage Range (W%R) 67.10
Lane's Stochastic (%D-Slow) 44.60
Greed/Fear Indicator (GFI) 38.86
Moving Average Converg./Diverg. (MACD) -0.35
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 40.81
Williams' Percentage Range (W%R) 82.00
Oversold
Lane's Stochastic (%D-Slow) 19.26
Oversold
Greed/Fear Indicator (GFI) 27.84
Moving Average Converg./Diverg. (MACD) 0.23
Trading Signals
Description Value Chart
Quarterly Trendline Support 13.09
Upper Bollinger Band 12.14
50 Day Moving Average 11.92
20 Day Moving Average 11.23
Price 11.15
Monthly Trendline Resistance 11.01
Weekly Stochastic Crossing 10.84
Daily Stochastic Crossing 10.84
Parabolic System 10.40
Lower Bollinger Band 10.37
Monthly Trendline Support 10.08
Sector and Industry
Description Name Rank
Sector Consumer Staples 7
Industry Personal Products 59
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10.41
Low Date 04/12/2024
High 11.17
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 10.41
Low Date 04/12/2024
High 11.17
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Resistance
Resistance 11.01
Support 10.08
High 13.30
High Date 02/27/2024
Low 10.41
Low Date 04/12/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 14.62
Support 13.09
Low 9.02
Low Date 11/01/2023
High 13.30
High Date 02/27/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 5.90
Low Date 05/25/2022
High 13.46
High Date 07/12/2023
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.