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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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- 3/15/2024 -
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Invesco Ltd. (IVZ) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldBullish Meeting Lines CandlestickThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Invesco Ltd. (IVZ). During the week, the IVZ dropped -0.45 points, or -2.83%, and closed at 15.43 on Friday, March 15, 2024. Weekly volume was -12% below average.

IVZ is a member of Financials Sector. Financials 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 IVZ long-term trend chart]
A long-term downtrend had started on June 7, 2021 at 29.71 and reached 12.48 on October 25, 2023. IVZ lost 17.23 points, or 57.99%, in 124 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (12.82) 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 long-term trend.

Medium-term trend: [See IVZ medium-term trend chart]
A medium-term downtrend had started on February 2, 2023 at 20.56 and reached 12.48 on October 25, 2023. IVZ lost 8.08 points, or 39.30%, in 37 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 10.88 and resistance is at 15.96. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See IVZ weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See IVZ short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 14.91 and reached 16.00 on March 7, 2024. IVZ gained -1.09 points, or -7.31%, in 23 days. The price is now at the 52.29% retracement level.

Daily Technical Indicators: [See IVZ daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. 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 Williams' Percentage Range help.

The daily MACD line is above its signal line since February 29, 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.

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 (4.93%) is close to one year low (6.71%). It is 67.22% 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.

Candlestick pattern: [See IVZ candlestick chart pattern]
On Friday the chart has formed a Bullish Meeting Lines Candlestick pattern. This pattern appears during a decline, and it is a sign that a potential bullish reversal is in play. The reliability of the Bullish Meeting Lines Candlestick pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bullish Meeting Lines Candlestick pattern during the last week.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.42
Williams' Percentage Range (W%R) 84.40
Oversold
Lane's Stochastic (%D-Slow) 50.32
Greed/Fear Indicator (GFI) 41.45
Moving Average Converg./Diverg. (MACD) -0.13
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.72
Williams' Percentage Range (W%R) 53.30
Lane's Stochastic (%D-Slow) 20.03
Greed/Fear Indicator (GFI) 36.78
Moving Average Converg./Diverg. (MACD) 0.12
Trading Signals
Description Value Chart
50 Day Moving Average 16.12
Upper Bollinger Band 16.02
Parabolic System 16.02
Quarterly Trendline Resistance 15.96
Monthly Trendline Resistance 15.73
Monthly Trendline Support 15.63
Daily Stochastic Crossing 15.54
20 Day Moving Average 15.54
Price 15.43
Weekly Stochastic Crossing 15.40
Lower Bollinger Band 15.27
Yearly Trendline Resistance 14.91
Yearly Trendline Support 12.82
Sector and Industry
Description Name Rank
Sector Financials 11
Industry Asset Management & Custody Banks 41
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 14.91
Low Date 02/13/2024
High 16.00
High Date 03/07/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 18.28
High Date 01/08/2024
Low 14.91
Low Date 02/13/2024
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 15.73
Support 15.63
Low 12.48
Low Date 10/25/2023
High 18.28
High Date 01/08/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 15.96
Support 10.88
High 20.56
High Date 02/02/2023
Low 12.48
Low Date 10/25/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 14.91
Support 12.82
High 29.71
High Date 06/07/2021
Low 12.48
Low Date 10/25/2023
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.