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Williams' Percentage Range (W%R) |
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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
- 4/5/2024 -
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Invesco Senior Loan ETF (BKLN) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :  
Move cursor over the icon to see details.
| | It was the negative week for the Invesco Senior Loan ETF (BKLN). During the week, the BKLN gave back -0.05 points, or -0.24%, and closed at 21.10 on Friday, April 5, 2024. Weekly volume was 62% above average.
 Long-term trend: [See BKLN long-term trend chart]
A long-term uptrend had started on September 30, 2022 at 20.06 and reached 21.27 on September 15, 2023. BKLN gained -1.21 points, or -6.03%, in 50 weeks. The chart has formed a Rising Wedge chart pattern. The trend support level is at 21.04 and resistance is at 21.31. A Rising Wage is a triangle formation with a noticeable slant to the upside. It represents the loss of an upside momentum on each successive high and has a bearish bias. The Rising wedge usually marks a reversal in an uptrend. In a downtrend a rising wedge is considered to be a continuation pattern. Use the following link to access a Rising Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Wedge pattern in a long-term trend.
 Medium-term trend: [See BKLN medium-term trend chart]
A medium-term uptrend had started on February 20, 2024 at 20.99 and reached 21.25 on March 13, 2024. BKLN gained -0.26 points, or -1.24%, in 3 weeks. The chart has formed a Symmetric Triangle chart pattern. The trend support level is at 21.06 and resistance is at 21.16. A Symmetric Triangle pattern represents the area of indecision, where the movement direction is questioned. Chart pattern analysis usually considers a symmetric triangle chart pattern as a continuation formation which resolves in the direction of larger trend, but it also may mark the trend reversal. Use the following link to access a Symmetric Triangle chart pattern help, or use a Technical Stock Screener to see the list of stocks with Symmetric Triangle pattern in a medium-term trend.
 Weekly Technical Indicators: [See BKLN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since February 9, 2024. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.
 Short-term trend: [See BKLN short-term trend chart]
A short-term downtrend had started on March 13, 2024 at 21.25 and reached 21.04 on March 22, 2024. BKLN lost 0.21 points, or 0.99%, in 9 days. The price is now at the 28.57% retracement level.
Daily Technical Indicators: [See BKLN daily technical indicators chart]
Daily technical indicators are neutral.
The daily MACD line is below its signal line since March 18, 2024. This is an indication that the short-term trend is down.
A Parabolic SAR (stop and reversal) indicator (21.18) comes close to the price (21.10). It indicates that the trend is getting weaker. 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 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.
During the last week, the price has crossed below the 50 Day Moving Average. Such crossover is considered a bearish 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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