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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 - 7/19/2024 - Sign In to see current Signals. |
Baxter International Inc. (BAX) Technical Analysis
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![Subscribe to TheGreedyTrader Weekly Alerts](images/alert4.gif) |
| Summary:
| | Weekly :![Stochastic signal line moved above oversold area](images\bullish.gif) | | Daily :![Williams' Percentage Range is overbought](images\bearish.gif) ![Lane's Stochastic and MACD bearish divergence](images\bearish.gif) ![20 Day Moving Average has crossed above the 50 Day Moving Average](images\bullish.gif) Move cursor over the icon to see details.
| | It was a third consecutive positive week for the Baxter International Inc. (BAX). During the week, the BAX climbed 0.04 points, or 0.11%, and closed at 35.35 on Friday, July 19, 2024. Weekly volume was 42% above average.
Long-term trend: [See BAX long-term trend chart] A long-term downtrend had started on April 20, 2020 at 95.19 and reached 31.01 on October 16, 2023. BAX lost 64.18 points, or 67.42%, in 182 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 19.47 and resistance is at 66.39. 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 BAX medium-term trend chart] A medium-term downtrend had started on March 8, 2024 at 44.01 and reached 32.48 on June 11, 2024. BAX lost 11.53 points, or 26.20%, in 13 weeks. The chart has formed a Broadening Right-Angled, Descending Wedge chart pattern. The trend support level is at 28.62 and resistance is at 43.89. Use the following link to access a Broadening Right-Angled, Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Right-Angled, Descending Wedge pattern in a medium-term trend.
Weekly Technical Indicators: [See BAX weekly technical indicators chart] Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved above oversold area. Such crossover is considered a bullish 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 link to access Lane's Stochastic help. The weekly MACD line is below its signal line since April 26, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term downtrend is getting weak. Use the following link to access a MACD help.
Short-term trend: [See BAX short-term trend chart] A short-term uptrend had started on July 2, 2024 at 32.69 and reached 36.37 on July 17, 2024. BAX gained -3.68 points, or -11.26%, in 15 days. The price is now at the 27.72% retracement level.
Daily Technical Indicators: [See BAX daily technical indicators chart] Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range. 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 Williams' Percentage Range help. The daily MACD line is above its signal line since May 30, 2024. This is an indication that the short-term trend is up. During the last week, the 20 Day Moving Average 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.
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