The Greedy Trader Weekly Analysis
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Daily W%R:< 30
Number of records: 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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- 6/7/2024 -
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Analog Devices (ADI) Technical Analysis

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range and Lane's Stochastic are strongly overbought
Daily :Williams' Percentage Range is overbought
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It was a fifth consecutive positive week for the Analog Devices (ADI). During the week, the ADI climbed 0.28 points, or 0.12%, and closed at 234.77 on Friday, June 7, 2024. Weekly volume was -11% below average.

Long-term trend: [See ADI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 133.48 and reached 241.88 on May 23, 2024. ADI gained -108.40 points, or -81.21%, in 84 weeks. The price is now at the 6.56% retracement level.

Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on January 4, 2024 at 181.81 and reached 241.88 on May 23, 2024. ADI gained -60.07 points, or -33.04%, in 20 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (194.16) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 medium-term trend.

Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range and Lane's Stochastic. 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 links to access Lane's Stochastic and Williams' Percentage Range help.

The weekly MACD line is above its signal line since May 3, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term uptrend is strong. Use the following link to access a MACD help.

Short-term trend: [See ADI short-term trend chart]
A short-term uptrend had started on February 13, 2024 at 183.01 and reached 241.88 on May 23, 2024. ADI gained -58.87 points, or -32.17%, in 100 days. The price is now at the 12.08% retracement level.

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

The daily MACD line is above its signal line since April 24, 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.89
Williams' Percentage Range (W%R) 15.90
Overbought
Lane's Stochastic (%D-Slow) 62.54
Greed/Fear Indicator (GFI) 71.17
Moving Average Converg./Diverg. (MACD) 8.46
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.93
Williams' Percentage Range (W%R) 9.80
Strong Overbought
Lane's Stochastic (%D-Slow) 90.55
Strong Overbought
Greed/Fear Indicator (GFI) 80.06
Overbought
Moving Average Converg./Diverg. (MACD) 5.68
Trading Signals
Description Value Chart
Upper Bollinger Band 246.20
Parabolic System 237.96
Weekly Stochastic Crossing 236.14
Price 234.77
Daily Stochastic Crossing 234.30
20 Day Moving Average 225.48
50 Day Moving Average 207.89
Lower Bollinger Band 203.97
Weekly Trendline Resistance 195.62
Weekly Trendline Support 194.16
Sector and Industry
Description Name Rank
Sector Information Technology 6
Industry Semiconductors 84
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 183.01
Low Date 02/13/2024
High 241.88
High Date 05/23/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 195.62
Support 194.16
Low 181.81
Low Date 01/04/2024
High 241.88
High Date 05/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.99
Low Date 10/30/2023
High 241.88
High Date 05/23/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 133.48
Low Date 10/13/2022
High 241.88
High Date 05/23/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.29
Low Date 12/05/2008
High 241.88
High Date 05/23/2024
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.