The Greedy Trader Weekly Analysis
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Weekly W%R Divergence:Bullish
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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.
Williams' Percentage Range - overbought oversold stocks.
Williams' Percentage Range,oversold stocks,overbought,overbought oversold
Williams Percentage Range - Williams %R Bullish Divergence - W%R Bullish Divergence.
Williams Percentage Range,Bullish Divergence,Williams %R Bullish Divergence,W%R Bullish Divergence,W%R indicator,William's Percentage Range

Akamai Technologies (AKAM)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range and Lane's Stochastic are overboughtPrice is near the Fibonacci 38.2% retracement level
Daily :Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overboughtLane's Stochastic and MACD bearish divergence
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It was a third consecutive positive week for the Akamai Technologies (AKAM). During the week, the AKAM gained 3.30 points, or 3.78%, and closed at 90.57 on Friday, May 26, 2023. Weekly volume was -22% below average.

AKAM is a member of Information Technology Sector. Information Technology is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See AKAM long-term trend chart]
A long-term downtrend had started on April 21, 2022 at 123.25 and reached 70.65 on March 13, 2023. AKAM lost 52.60 points, or 42.68%, in 46 weeks. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See AKAM medium-term trend chart]
A medium-term uptrend had started on March 13, 2023 at 70.65 and reached 90.66 on May 26, 2023. AKAM gained -20.01 points, or -28.32%, in 10 weeks. Price is near the trend high.

Weekly Technical Indicators: [See AKAM weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 April 6, 2023. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AKAM short-term trend chart]
A short-term uptrend had started on May 4, 2023 at 76.85 and reached 90.66 on May 26, 2023. AKAM gained -13.81 points, or -17.97%, in 22 days. Price is near the trend high.

Daily Technical Indicators: [See AKAM daily technical indicators chart]
Daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Relative Strength Index, Williams' Percentage Range and Lane's Stochastic. Daily Lane's Stochastic and MACD have bearish 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 bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Relative Strength Index help.

The daily MACD line is above its signal line since May 9, 2023. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 84.21
Overbought
Williams' Percentage Range (W%R) 10.70
Overbought
Lane's Stochastic (%D-Slow) 87.16
Overbought Bearish
Greed/Fear Indicator (GFI) 86.88
Overbought
Moving Average Converg./Diverg. (MACD) 2.03 Bearish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 66.64
Williams' Percentage Range (W%R) 12.30
Overbought
Lane's Stochastic (%D-Slow) 83.45
Overbought
Greed/Fear Indicator (GFI) 78.60
Moving Average Converg./Diverg. (MACD) -2.73
Trading Signals
Description Value Chart
Upper Bollinger Band 93.66
Price 90.57
Daily Stochastic Crossing 90.03
Weekly Stochastic Crossing 88.56
Parabolic System 85.11
20 Day Moving Average 84.27
50 Day Moving Average 80.99
Lower Bollinger Band 76.89
Sector and Industry
Description Name Rank
Sector Information Technology 12
Industry Internet Services & Infrastructure 110
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 76.85
Low Date 05/04/2023
High 90.66
High Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 70.65
Low Date 03/13/2023
High 90.66
High Date 05/26/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 96.14
High Date 12/01/2022
Low 70.65
Low Date 03/13/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 123.25
High Date 04/21/2022
Low 70.65
Low Date 03/13/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 124.91
High Date 01/27/2021
Low 70.65
Low Date 03/13/2023
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.

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