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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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Advanced TA SearchArchive - 5/17/2024 - Sign In to see current Signals. |
Analog Devices (ADI) Technical Analysis
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| Summary:
| | Weekly : | | Daily : Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Analog Devices (ADI). During the week, the ADI gained 6.89 points, or 3.33%, and closed at 214.08 on Friday, May 17, 2024. Weekly volume was -16% 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 216.00 on May 16, 2024. ADI gained -82.52 points, or -61.82%, in 83 weeks. Price is near the trend high. Medium-term trend: [See ADI medium-term trend chart] A medium-term uptrend had started on January 4, 2024 at 181.81 and reached 216.00 on May 16, 2024. ADI gained -34.19 points, or -18.81%, in 19 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (192.46) 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 is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought weekly overbought Williams' Percentage Range. 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 link to access 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. 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 216.00 on May 16, 2024. ADI gained -32.99 points, or -18.03%, in 93 days. The chart has formed a Rising Channel chart pattern. Daily Technical Indicators: [See ADI daily technical indicators chart] Daily Williams' Percentage Range and Lane's Stochastic are strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range and Lane's Stochastic. During the last week, daily Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Use the following link to access Lane's Stochastic help. The daily MACD line is above its signal line since April 24, 2024. This is an indication that the short-term trend is up.
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