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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 - 4/5/2024 - Sign In to see current Signals. |
General Mills (GIS) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was the negative week for the General Mills (GIS). During the week, the GIS gave back -0.18 points, or -0.26%, and closed at 69.79 on Friday, April 5, 2024. GIS was trading at average weekly trading volume. Long-term trend: [See GIS long-term trend chart] A long-term uptrend had started on December 17, 2018 at 36.42 and reached 90.89 on May 15, 2023. GIS gained -54.47 points, or -149.56%, in 230 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (81.69) 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 GIS medium-term trend chart] A medium-term downtrend had started on May 15, 2023 at 90.89 and reached 60.33 on October 6, 2023. GIS lost 30.56 points, or 33.62%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (61.93) 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 GIS weekly technical indicators chart] Weekly technical indicators are neutral. The weekly MACD line is above its signal line since November 10, 2023. Use the following link to access a MACD help. Short-term trend: [See GIS short-term trend chart] A short-term uptrend had started on March 1, 2024 at 63.44 and reached 74.45 on March 20, 2024. GIS gained -11.01 points, or -17.35%, in 19 days. The price is now at the 42.33% retracement level. Daily Technical Indicators: [See GIS daily technical indicators chart] Daily technical indicators are neutral. The daily MACD line is above its signal line since March 4, 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.
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