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Stocks Screener - Strongly Overbought Williams %R

Weekly W%R:< 10
Number of records: 170
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- 5/17/2024 -
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^DJI 40003.591.24%87.9264.63 1 Add to Watch List
^GSPC 5303.271.54%86.1869.10 3 Add to Watch List
^IXIC 16685.972.11%85.4269.13 3 Add to Watch List
A 154.232.98%87.9170.54 3 46 2 Add to Watch List
ADI 214.083.33%84.3173.78 4 74 3 Add to Watch List
AEP 92.671.16%87.8880.72 12 119 1 Uptrend ExhaustionAdd to Watch List
AES 21.286.72%90.4977.32 12 119 1 Downtrend Broken Resist.05/16/24	Bullish  Doji
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AFL 88.372.66%83.7075.50 11 104 2 Add to Watch List
AIV 8.272.73%75.6373.80 6 113 1 Downtrend ResistanceAdd to Watch List
AJG 257.672.73%94.5065.19 11 77 1 Add to Watch List

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.