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Stocks Screener - Williams' Percentage Range Bearish Divergence

Weekly W%R Divergence:Bearish
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- 5/31/2024 -
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^IXIC 16735.02-1.10%68.6274.82 2 Add to Watch List
AFL 89.872.49%70.3477.34 9 108 3 05/31/24	Bullish  Long White Real Body
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AMP 436.61-0.99%50.4268.37 9 60 Add to Watch List
BAC 39.990.73%58.7276.79 9 98 1 05/31/24	Bullish  Long White Real Body
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DD 82.161.28%77.7381.23 11 66 1 Add to Watch List
DHR 256.80-2.28%38.2964.46 2 43 2 Add to Watch List
EBAY 54.22-0.35%63.3670.20 1 77 1 Add to Watch List
EEM 41.79-2.86%22.1368.77 2 Downtrend Broken Resist.Add to Watch List
EWL 49.161.74%65.0270.30 3 Downtrend Broken Resist.Add to Watch List
GPS 28.9638.04%70.1357.01 1 79 5 05/29/24	Bullish  Long White Real Body
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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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Warning: 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.