The Greedy Trader Weekly Analysis
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Weekly W%R:> 90
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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

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- 5/26/2023 -
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AMCOR LTD ADR (AMCR)

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Summary:
Weekly :Oversold sectorWilliams' Percentage Range is oversoldLane's Stochastic bullish divergence
Daily :Relative Strength Index and Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe price has risen above the Parabolic SARPrice has crossed above the 50 Day Moving Average
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It was the negative week for the AMCOR LTD ADR (AMCR). During the week, the AMCR dropped -0.44 points, or -4.30%, and closed at 9.79 on Friday, May 26, 2023. Weekly volume was -12% below average.

AMCR is a member of Materials Sector. Materials is the second most oversold 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 AMCR long-term trend chart]
A long-term downtrend had started on June 6, 2022 at 13.61 and reached 9.76 on May 25, 2023. AMCR lost 3.85 points, or 28.29%, in 50 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 8.18 and resistance is at 12.08. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a long-term trend.

Medium-term trend: [See AMCR medium-term trend chart]
A medium-term downtrend had started on December 13, 2022 at 12.78 and reached 9.76 on May 25, 2023. AMCR lost 3.02 points, or 23.63%, in 23 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 9.54 and resistance is at 10.46. 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 AMCR weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since February 10, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See AMCR short-term trend chart]
A short-term downtrend had started on May 19, 2023 at 10.33 and reached 9.76 on May 25, 2023. AMCR lost 0.57 points, or 5.52%, in 6 days. The price is now at the 5.26% retracement level.

Daily Technical Indicators: [See AMCR daily technical indicators chart]
Daily Relative Strength Index and Lane's Stochastic are oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Relative Strength Index and Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Relative Strength Index help.

The daily MACD line is below its signal line since May 1, 2023. This is an indication that the short-term trend is down.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the price has advanced above the 50 Day Moving Average. Such crossover is considered a bullish signal. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 19.82
Oversold
Williams' Percentage Range (W%R) 91.70
Strong Oversold
Lane's Stochastic (%D-Slow) 15.53
Oversold
Greed/Fear Indicator (GFI) 14.54
Oversold
Moving Average Converg./Diverg. (MACD) -0.21
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 22.74
Williams' Percentage Range (W%R) 95.80
Strong Oversold
Lane's Stochastic (%D-Slow) 29.40
Bullish
Greed/Fear Indicator (GFI) 24.21
Moving Average Converg./Diverg. (MACD) -0.28 Bullish
Trading Signals
Description Value Chart
Upper Bollinger Band 10.89
50 Day Moving Average 10.74
Quarterly Trendline Resistance 10.46
Parabolic System 10.44
20 Day Moving Average 10.28
Weekly Stochastic Crossing 10.22
Monthly Trendline Resistance 10.14
Monthly Trendline Support 9.91
Daily Stochastic Crossing 9.81
Price 9.79
Lower Bollinger Band 9.70
Quarterly Trendline Support 9.54
Yearly Trendline Support 8.18
Sector and Industry
Description Name Rank
Sector Materials 2
Industry Paper Packaging 16
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 10.33
High Date 05/19/2023
Low 9.76
Low Date 05/25/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 10.33
High Date 05/19/2023
Low 9.76
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 10.14
Support 9.91
High 11.39
High Date 03/31/2023
Low 9.76
Low Date 05/25/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 10.46
Support 9.54
High 12.78
High Date 12/13/2022
Low 9.76
Low Date 05/25/2023
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Valid
Resistance 12.08
Support 8.18
High 13.61
High Date 06/06/2022
Low 9.76
Low Date 05/25/2023
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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