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

Baxter International Inc. (BAX)

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Summary:
Weekly :Overbought sectorBroken trend support linePrice is near the Fibonacci 61.8% retracement level
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic and MACD bullish divergencePrice has crossed below the 50 Day Moving Average
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It was the negative week for the Baxter International Inc. (BAX). During the week, the BAX dropped -1.70 points, or -3.95%, and closed at 41.29 on Friday, May 26, 2023. Weekly volume was -21% below average.

BAX is a member of Health Care Sector. Health Care is the second 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 BAX long-term trend chart]
A long-term downtrend had started on April 20, 2020 at 95.19 and reached 37.35 on March 17, 2023. BAX lost 57.84 points, or 60.76%, in 151 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (69.13) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See BAX medium-term trend chart]
A medium-term uptrend had started on March 17, 2023 at 37.35 and reached 48.23 on May 1, 2023. BAX gained -10.88 points, or -29.13%, in 6 weeks. Price is near the Fibonacci 61.8% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Weekly Technical Indicators: [See BAX weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since March 31, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See BAX short-term trend chart]
A short-term downtrend had started on May 1, 2023 at 48.23 and reached 40.89 on May 26, 2023. BAX lost 7.34 points, or 15.22%, in 25 days. The price is now at the 5.45% retracement level.

Daily Technical Indicators: [See BAX daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. 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 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 daily MACD line is below its signal line since May 4, 2023. This is an indication that the short-term trend is down.

During the last week, the price has crossed below the 50 Day Moving Average. While the medium-term trend is up and daily technical indicators are oversold, the 50 Day Moving Average is considered a support level. 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) 20.89
Williams' Percentage Range (W%R) 92.20
Strong Oversold
Lane's Stochastic (%D-Slow) 16.19
Oversold Bullish
Greed/Fear Indicator (GFI) 14.95
Oversold
Moving Average Converg./Diverg. (MACD) -0.16 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.69
Williams' Percentage Range (W%R) 73.90
Lane's Stochastic (%D-Slow) 65.05
Greed/Fear Indicator (GFI) 47.84
Moving Average Converg./Diverg. (MACD) -3.70
Trading Signals
Description Value Chart
Upper Bollinger Band 46.69
Weekly Stochastic Crossing 44.63
20 Day Moving Average 43.75
50 Day Moving Average 42.73
Parabolic System 42.36
Price 41.29
Daily Stochastic Crossing 41.28
Lower Bollinger Band 39.44
Sector and Industry
Description Name Rank
Sector Health Care 8
Industry Health Care Equipment 86
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.23
High Date 05/01/2023
Low 40.89
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 37.35
Low Date 03/17/2023
High 48.23
High Date 05/01/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 89.70
High Date 02/09/2022
Low 37.35
Low Date 03/17/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 88.32
High Date 04/23/2021
Low 37.35
Low Date 03/17/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 86.12
Support 69.13
High 95.19
High Date 04/20/2020
Low 37.35
Low Date 03/17/2023
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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