The Greedy Trader Weekly Analysis
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Weekly W%R Divergence:Bullish
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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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- 7/19/2024 -
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Boston Properties (BXP) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :Lane's Stochastic is overboughtBroken trend resistance line
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It was the negative week for the Boston Properties (BXP). During the week, the BXP dropped -1.00 points, or -1.48%, and closed at 66.76 on Friday, July 19, 2024. Weekly volume was -11% below average.

BXP is a member of Real Estate Sector. Real Estate 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 BXP long-term trend chart]
A long-term downtrend had started on February 19, 2020 at 147.83 and reached 46.18 on March 24, 2023. BXP lost 101.65 points, or 68.76%, in 161 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 37.11 and resistance is at 112.68. A Falling Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a long-term trend.

Medium-term trend: [See BXP medium-term trend chart]
A medium-term uptrend had started on March 24, 2023 at 46.18 and reached 73.97 on December 14, 2023. BXP gained -27.79 points, or -60.18%, in 37 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 55.35 and resistance is at 80.51. A Broadening Ascending 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 Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a medium-term trend.

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

The weekly MACD line is above its signal line since July 5, 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 BXP short-term trend chart]
A short-term uptrend had started on May 29, 2024 at 56.46 and reached 70.50 on July 18, 2024. BXP gained -14.04 points, or -24.87%, in 50 days. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (60.72) 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 BXP daily technical indicators chart]
Daily Lane's Stochastic is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily 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 link to access Lane's Stochastic help.

The daily MACD line is above its signal line since July 9, 2024. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 67.78
Williams' Percentage Range (W%R) 29.70
Lane's Stochastic (%D-Slow) 82.05
Overbought
Greed/Fear Indicator (GFI) 73.36
Moving Average Converg./Diverg. (MACD) 1.28
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 62.90
Williams' Percentage Range (W%R) 22.90
Lane's Stochastic (%D-Slow) 62.71
Greed/Fear Indicator (GFI) 64.50
Moving Average Converg./Diverg. (MACD) -0.41
Trading Signals
Description Value Chart
Upper Bollinger Band 70.52
Daily Stochastic Crossing 68.56
Price 66.76
Weekly Stochastic Crossing 65.55
Parabolic System 65.45
Weekly Trendline Resistance 64.17
20 Day Moving Average 63.52
50 Day Moving Average 61.92
Weekly Trendline Support 60.72
Lower Bollinger Band 58.04
Quarterly Trendline Support 55.35
Sector and Industry
Description Name Rank
Sector Real Estate 12
Industry Office REITs 85
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 59.71
Low Date 07/09/2024
High 70.50
High Date 07/18/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 64.17
Support 60.72
Low 56.46
Low Date 05/29/2024
High 70.50
High Date 07/18/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 73.97
High Date 12/14/2023
Low 56.46
Low Date 05/29/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 80.51
Support 55.35
Low 46.18
Low Date 03/24/2023
High 73.97
High Date 12/14/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 112.68
Support 37.11
High 147.83
High Date 02/19/2020
Low 46.18
Low Date 03/24/2023
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.