The Greedy Trader Weekly Analysis
Sign In Jun 7, 2024
Skip Navigation Links
TA Search
Share
Weekly W%R Divergence:Bullish
Number of records: 6
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 5/31/2024 -
Sign In to see current Signals.

Citizens Financial Group (CFG) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorStochastic signal line moved below overbought areaTrend resistance at 34.12
Daily :The price is close to the moving average in the center of the Bollinger BandsPrice is close to the 50 Day Moving Average
Move cursor over the icon to see details.

It was the negative week for the Citizens Financial Group (CFG). During the week, the CFG gave back -0.06 points, or -0.17%, and closed at 35.29 on Friday, May 31, 2024. Weekly volume was -15% below average.

CFG is a member of Financials Sector. Financials 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 CFG long-term trend chart]
A long-term downtrend had started on January 18, 2022 at 57.00 and reached 22.77 on October 27, 2023. CFG lost 34.23 points, or 60.05%, in 92 weeks. The chart has formed a Falling Channel chart pattern. The price is near the trend resistance line (34.12). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term uptrend had started on October 27, 2023 at 22.77 and reached 37.30 on May 20, 2024. CFG gained -14.53 points, or -63.81%, in 29 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 32.61 and resistance is at 37.46. A Rising 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 Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly technical indicators are neutral. During the last week, weekly Lane's Stochastic signal line (%D) has moved below overbought area. Such crossover is considered a bearish 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 above its signal line since November 10, 2023. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See CFG short-term trend chart]
A short-term downtrend had started on May 20, 2024 at 37.30 and reached 33.59 on May 29, 2024. CFG lost 3.71 points, or 9.95%, in 9 days. The price is now at the 45.82% retracement level.

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

The daily MACD line is below its signal line since May 21, 2024. This is an indication that the short-term trend is down.

The price is close to 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.

Price is close to the 50 Day Moving Average. 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) 44.21
Williams' Percentage Range (W%R) 74.80
Lane's Stochastic (%D-Slow) 21.54
Greed/Fear Indicator (GFI) 30.31
Moving Average Converg./Diverg. (MACD) 0.24
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 61.01
Williams' Percentage Range (W%R) 39.40
Lane's Stochastic (%D-Slow) 76.63
Greed/Fear Indicator (GFI) 63.45
Moving Average Converg./Diverg. (MACD) 1.37
Trading Signals
Description Value Chart
Monthly Trendline Resistance 37.51
Quarterly Trendline Resistance 37.46
Upper Bollinger Band 36.93
Weekly Stochastic Crossing 36.12
20 Day Moving Average 35.78
Parabolic System 35.73
Price 35.29
50 Day Moving Average 35.04
Daily Stochastic Crossing 34.33
Yearly Trendline Resistance 34.12
Lower Bollinger Band 33.82
Monthly Trendline Support 33.41
Quarterly Trendline Support 32.61
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Regional Banks 95
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 33.59
Low Date 05/29/2024
High 35.36
High Date 05/31/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 37.30
High Date 05/20/2024
Low 33.59
Low Date 05/29/2024
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Valid
Resistance 37.51
Support 33.41
Low 30.24
Low Date 02/13/2024
High 37.30
High Date 05/20/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 37.46
Support 32.61
Low 22.77
Low Date 10/27/2023
High 37.30
High Date 05/20/2024
Description Value
Direction Down
Chart Pattern Falling Channel
Status Test Resistance
Resistance 34.12
Support 17.40
High 57.00
High Date 01/18/2022
Low 22.77
Low Date 10/27/2023
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.