The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
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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Brown-Form (BF.B) Technical Analysis

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Summary:
Weekly :Lane's Stochastic oversoldRelative Strength Index and Williams' Percentage Range are strongly oversoldLane's Stochastic bullish divergence
Daily :Williams' Percentage Range is oversoldStochastic signal line moved above oversold areaLane's Stochastic and MACD bullish divergence
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It was the negative week for the Brown-Form (BF.B). During the week, the BF.B dropped -1.97 points, or -4.30%, and closed at 43.89 on Friday, June 7, 2024. Weekly volume was 98% above average.

Long-term trend: [See BF.B long-term trend chart]
A long-term downtrend had started on August 17, 2022 at 78.15 and reached 42.72 on June 5, 2024. BF.B lost 35.43 points, or 45.34%, in 94 weeks. Price is near the trend low.

Medium-term trend: [See BF.B medium-term trend chart]
A medium-term downtrend had started on March 5, 2024 at 60.97 and reached 42.72 on June 5, 2024. BF.B lost 18.25 points, or 29.93%, in 13 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 43.39 and resistance is at 45.76. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly Lane's Stochastic is oversold while Relative Strength Index and Williams' Percentage Range are strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Lane's Stochastic or strongly oversold weekly Relative Strength Index and Williams' Percentage Range. Weekly Lane's Stochastic has bullish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with weekly Lane's Stochastic 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BF.B short-term trend chart]
A short-term downtrend had started on May 14, 2024 at 49.55 and reached 42.72 on June 5, 2024. BF.B lost 6.83 points, or 13.78%, in 22 days. The price is now at the 17.13% retracement level.

Daily Technical Indicators: [See BF.B daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily oversold Williams' Percentage Range. During the last week, daily Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish signal. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence.

The daily MACD line is below its signal line since May 22, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term downtrend is getting weak.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.68
Williams' Percentage Range (W%R) 89.20
Oversold
Lane's Stochastic (%D-Slow) 37.73
Bullish
Greed/Fear Indicator (GFI) 25.41
Moving Average Converg./Diverg. (MACD) -1.10 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 9.84
Strong Oversold
Williams' Percentage Range (W%R) 95.90
Strong Oversold
Lane's Stochastic (%D-Slow) 12.36
Oversold Bullish
Greed/Fear Indicator (GFI) 16.88
Oversold
Moving Average Converg./Diverg. (MACD) -2.86 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 49.71
50 Day Moving Average 48.10
Parabolic System 46.39
20 Day Moving Average 46.37
Monthly Trendline Resistance 45.76
Daily Stochastic Crossing 43.90
Price 43.89
Weekly Stochastic Crossing 43.77
Monthly Trendline Support 43.39
Lower Bollinger Band 42.23
Sector and Industry
Description Name Rank
Sector Consumer Staples 4
Industry Distillers & Vintners 12
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 46.50
High Date 06/03/2024
Low 42.72
Low Date 06/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 49.55
High Date 05/14/2024
Low 42.72
Low Date 06/05/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 45.76
Support 43.39
High 60.97
High Date 03/05/2024
Low 42.72
Low Date 06/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.27
High Date 08/02/2023
Low 42.72
Low Date 06/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.15
High Date 08/17/2022
Low 42.72
Low Date 06/05/2024
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.