The Greedy Trader Weekly Analysis
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Weekly W%R:< 10
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.
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

Ameriprise Financial (AMP)

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Summary:
Weekly :Overbought sectorBroken trend support lineWilliams' Percentage Range is overboughtLane's Stochastic is strongly overboughtStochastic has declined below the signal lineBroken trend resistance line
Daily :Broken trend support lineThe price has declined below the moving average in the center of the Bollinger BandsThe Bollinger Bands are historically close together
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It was the negative week for the Ameriprise Financial (AMP). During the week, the AMP dropped -9.03 points, or -2.93%, and closed at 299.50 on Friday, November 19, 2021. It was the worst weekly loss since August 20, 2021. Weekly volume was -80% below average.

AMP is a member of Financials Sector. Financials 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 AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 312.15 on November 16, 2021. AMP gained -300.41 points, or -2558.86%, in 677 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (127.26) is broken. Usually a broken resistance is considered to be a long-term bullish signal, although a short-term pull back is possible. 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 long-term trend.

Medium-term trend: [See AMP medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 80.01 and reached 312.15 on November 16, 2021. AMP gained -232.14 points, or -290.14%, in 86 weeks. The chart has formed a Rising Channel chart pattern. The uptrend support line (305.02) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a medium-term trend.

Weekly Technical Indicators: [See AMP weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Williams' Percentage Range or strongly overbought weekly Lane's Stochastic. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish 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 above its signal line since October 15, 2021. This is an indication that the medium-term trend is up. Use the following link to access a MACD help.

Short-term trend: [See AMP short-term trend chart]
A short-term uptrend had started on September 20, 2021 at 251.49 and reached 312.15 on November 16, 2021. AMP gained -60.66 points, or -24.12%, in 57 days. The chart has formed a Ascending Triangle chart pattern. The uptrend support line (311.79) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a short-term trend.

Daily Technical Indicators: [See AMP daily technical indicators chart]
Daily technical indicators are neutral.

The daily MACD line is below its signal line since November 8, 2021.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. The distance between the Bollinger Bands (5.2%) is close to one year low (4.88%). It indicates the period of low volatility of the stock price, and it is considered a buy signal for the option traders. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 39.38
Williams' Percentage Range (W%R) 70.90
Lane's Stochastic (%D-Slow) 36.90
Greed/Fear Indicator (GFI) 35.12
Moving Average Converg./Diverg. (MACD) 6.22
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.91
Williams' Percentage Range (W%R) 16.00
Overbought
Lane's Stochastic (%D-Slow) 92.15
Strong Overbought
Greed/Fear Indicator (GFI) 78.10
Moving Average Converg./Diverg. (MACD) 14.39
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 344.88
Monthly Trendline Resistance 314.38
Weekly Trendline Resistance 312.47
Weekly Trendline Support 311.79
Parabolic System 310.96
Upper Bollinger Band 309.17
Weekly Stochastic Crossing 307.72
Quarterly Trendline Support 305.02
20 Day Moving Average 304.30
Daily Stochastic Crossing 300.36
Price 299.50
Lower Bollinger Band 293.61
50 Day Moving Average 286.90
Monthly Trendline Support 261.74
Yearly Trendline Resistance 252.16
Sector and Industry
Description Name Rank
Sector Financials 10
Industry Asset Management & Custody Banks 79
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 312.15
High Date 11/16/2021
Low 295.09
Low Date 11/19/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Support
Resistance 312.47
Support 311.79
Low 251.49
Low Date 09/20/2021
High 312.15
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 314.38
Support 261.74
Low 236.35
Low Date 06/18/2021
High 312.15
High Date 11/16/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Support
Resistance 344.88
Support 305.02
Low 80.01
Low Date 03/18/2020
High 312.15
High Date 11/16/2021
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 252.16
Support 127.26
Low 11.74
Low Date 11/21/2008
High 312.15
High Date 11/16/2021
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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