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Stocks Screener - Williams' Percentage Range Bearish Divergence

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Daily W%R Divergence:Bearish
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- 11/8/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
AMZN 208.305.04%82.7277.69 5 108 2 Add to Watch List
ANSS 341.605.30%74.3271.44 9 74 2 Downtrend Broken Resist.11/08/24	Bearish  Long Red Real Body
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BAC 45.138.07%74.8879.44 12 105 4 11/08/24	Bullish  Doji
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CAH 120.603.88%71.0070.81 2 82 2 11/04/24	Bearish  Long Red Real Body
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CBRE 136.104.53%67.5779.70 6 116 1 Add to Watch List
CCL 24.079.91%79.2485.17 5 122 3 Add to Watch List
CDNS 301.307.03%87.9361.91 9 74 1 Downtrend Broken Resist.11/05/24	Bearish  Deliberation
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CHD 106.501.62%63.4854.63 1 35 1 Downtrend Broken Resist.11/06/24	Bearish  Dark Cloud Cover
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CINF 148.405.47%66.4176.15 12 72 2 Downtrend Broken Resist.11/05/24	Bearish  Downside Tasuki Gap
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COF 185.2013.00%71.1778.02 12 109 4 Add to Watch List
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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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