The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
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.

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- 5/17/2024 -
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Brown-Form (BF.B) Technical Analysis

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range oversoldLane's Stochastic is strongly oversold
Daily :Broken trend resistance lineThe price has declined below the moving average in the center of the Bollinger Bands
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It was the negative week for the Brown-Form (BF.B). During the week, the BF.B dropped -0.65 points, or -1.32%, and closed at 48.47 on Friday, May 17, 2024. Weekly volume was 17% above average.

BF.B is a member of Consumer Staples Sector. Consumer Staples 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 BF.B long-term trend chart]
A long-term downtrend had started on August 17, 2022 at 78.15 and reached 46.86 on May 6, 2024. BF.B lost 31.29 points, or 40.04%, in 89 weeks. The price is now at the 5.15% retracement level.

Medium-term trend: [See BF.B medium-term trend chart]
A medium-term downtrend had started on March 5, 2024 at 60.97 and reached 46.86 on May 6, 2024. BF.B lost 14.11 points, or 23.14%, in 8 weeks. The price is now at the 11.41% retracement level.

Weekly Technical Indicators: [See BF.B weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold while Lane's Stochastic is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold weekly Williams' Percentage Range or strongly oversold weekly 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 below its signal line since March 15, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BF.B short-term trend chart]
A short-term uptrend had started on May 6, 2024 at 46.86 and reached 49.55 on May 14, 2024. BF.B gained -2.69 points, or -5.74%, in 8 days. The chart has formed a Symmetric Triangle chart pattern. The uptrend resistance line (47.57) 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 short-term trend.

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

The daily MACD line is above its signal line since April 18, 2024. This is an indication that the short-term trend is up.

During the last week, the price has declined below the moving average in the center of the Bollinger Bands. 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) 48.64
Williams' Percentage Range (W%R) 29.40
Lane's Stochastic (%D-Slow) 63.02
Greed/Fear Indicator (GFI) 60.76
Moving Average Converg./Diverg. (MACD) -0.77
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 30.05
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 8.78
Strong Oversold
Greed/Fear Indicator (GFI) 19.70
Oversold
Moving Average Converg./Diverg. (MACD) -2.53
Trading Signals
Description Value Chart
50 Day Moving Average 50.17
Upper Bollinger Band 50.04
Price 48.47
Daily Stochastic Crossing 48.39
Weekly Trendline Resistance 48.36
20 Day Moving Average 48.25
Parabolic System 47.62
Weekly Trendline Support 47.57
Weekly Stochastic Crossing 47.42
Lower Bollinger Band 47.21
Sector and Industry
Description Name Rank
Sector Consumer Staples 8
Industry Distillers & Vintners 19
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 48.76
High Date 05/16/2024
Low 48.05
Low Date 05/17/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 48.36
Support 47.57
Low 46.86
Low Date 05/06/2024
High 49.55
High Date 05/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 60.97
High Date 03/05/2024
Low 46.86
Low Date 05/06/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 71.27
High Date 08/02/2023
Low 46.86
Low Date 05/06/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 78.15
High Date 08/17/2022
Low 46.86
Low Date 05/06/2024
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.