The Greedy Trader Weekly Analysis
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Daily W%R:< 10
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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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- 4/5/2024 -
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iShares Dow Jones US Real Estate (IYR) Technical Analysis

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Summary:
Weekly :Weekly  MACD line has moved below its signal lineBroken trend resistance lineBroken trend support line
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversoldMACD bullish divergencePrice has crossed below the 50 Day Moving AverageThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the iShares Dow Jones US Real Estate (IYR). During the week, the IYR dropped -2.71 points, or -3.01%, and closed at 87.19 on Friday, April 5, 2024. It was the worst weekly loss since October 20, 2023. Weekly volume was -10% below average.

Long-term trend: [See IYR long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 116.89 and reached 72.88 on October 30, 2023. IYR lost 44.01 points, or 37.65%, in 95 weeks. The chart has formed a Falling Wedge chart pattern. The downtrend resistance line (71.73) 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 IYR medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 72.88 and reached 92.85 on December 14, 2023. IYR gained -19.97 points, or -27.40%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (89.92) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. IYR may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

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

During the last week, weekly MACD line has moved below its signal line. Such crossover is considered a bearish signal. Use the following link to access a MACD help.

Short-term trend: [See IYR short-term trend chart]
A short-term downtrend had started on March 11, 2024 at 91.20 and reached 86.32 on April 5, 2024. IYR lost 4.88 points, or 5.35%, in 25 days. The price is now at the 17.83% retracement level.

Daily Technical Indicators: [See IYR daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily MACD has bullish divergence. Use the following links to access the MACD help, or use the Technical Stock Screener to see the list of stocks with daily MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading 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 Williams' Percentage Range help.

The daily MACD line is below its signal line since March 14, 2024. This is an indication that the short-term trend is down.

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 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.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 44.47
Williams' Percentage Range (W%R) 91.60
Strong Oversold
Lane's Stochastic (%D-Slow) 20.93
Greed/Fear Indicator (GFI) 24.60
Moving Average Converg./Diverg. (MACD) -0.06 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 37.50
Williams' Percentage Range (W%R) 38.80
Lane's Stochastic (%D-Slow) 63.47
Greed/Fear Indicator (GFI) 57.04
Moving Average Converg./Diverg. (MACD) 1.23
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 90.69
Upper Bollinger Band 90.50
Quarterly Trendline Support 89.92
Parabolic System 89.59
Weekly Stochastic Crossing 88.55
20 Day Moving Average 88.54
50 Day Moving Average 88.01
Price 87.19
Daily Stochastic Crossing 86.89
Lower Bollinger Band 85.83
Yearly Trendline Resistance 73.54
Yearly Trendline Support 71.73
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 90.13
High Date 03/28/2024
Low 86.32
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 91.20
High Date 03/11/2024
Low 86.32
Low Date 04/05/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 84.24
Low Date 02/13/2024
High 91.20
High Date 03/11/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 90.69
Support 89.92
Low 72.88
Low Date 10/30/2023
High 92.85
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Wedge
Status Broken Resistance
Resistance 73.54
Support 71.73
High 116.89
High Date 12/31/2021
Low 72.88
Low Date 10/30/2023
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.