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.
Williams' Percentage Range - overbought oversold stocks.
Williams' Percentage Range,oversold stocks,overbought,overbought oversold
Williams Percentage Range - Williams %R Bullish Divergence - W%R Bullish Divergence.
Williams Percentage Range,Bullish Divergence,Williams %R Bullish Divergence,W%R Bullish Divergence,W%R indicator,William's Percentage Range

Citizens Financial Group (CFG)

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Summary:
Weekly :Broken trend support lineRelative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold
Daily :The price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Citizens Financial Group (CFG). During the week, the CFG gained 0.83 points, or 3.17%, and closed at 27.01 on Friday, May 26, 2023. Weekly volume was 20% above average.

Long-term trend: [See CFG long-term trend chart]
A long-term uptrend had started on March 18, 2020 at 14.12 and reached 57.00 on January 18, 2022. CFG gained -42.88 points, or -303.68%, in 95 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (37.51) is broken. A broken support is considered to be a long-term bearish signal. 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 support in a long-term trend.

Medium-term trend: [See CFG medium-term trend chart]
A medium-term downtrend had started on February 3, 2023 at 44.82 and reached 23.37 on May 4, 2023. CFG lost 21.45 points, or 47.86%, in 12 weeks. The price is now at the 16.97% retracement level.

Weekly Technical Indicators: [See CFG weekly technical indicators chart]
Weekly Relative Strength Index, Williams' Percentage Range and Lane's Stochastic are oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Relative Strength Index, Williams' Percentage Range and 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, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is below its signal line since March 3, 2023. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See CFG short-term trend chart]
A short-term uptrend had started on May 4, 2023 at 23.37 and reached 28.40 on May 23, 2023. CFG gained -5.03 points, or -21.52%, in 19 days. The price is now at the 27.63% retracement level.

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

The daily MACD line is above its signal line since May 16, 2023. This is an indication that the short-term trend is up.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward direction. 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 moved above 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) 58.19
Williams' Percentage Range (W%R) 47.90
Lane's Stochastic (%D-Slow) 72.73
Greed/Fear Indicator (GFI) 61.01
Moving Average Converg./Diverg. (MACD) -0.95
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 18.18
Oversold
Williams' Percentage Range (W%R) 83.80
Oversold
Lane's Stochastic (%D-Slow) 19.17
Oversold
Greed/Fear Indicator (GFI) 23.91
Moving Average Converg./Diverg. (MACD) -2.56
Trading Signals
Description Value Chart
Upper Bollinger Band 29.04
50 Day Moving Average 28.54
Daily Stochastic Crossing 27.36
Price 27.01
20 Day Moving Average 26.28
Weekly Stochastic Crossing 25.12
Lower Bollinger Band 24.95
Parabolic System 23.64
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Regional Banks 26
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 27.23
High Date 05/25/2023
Low 26.28
Low Date 05/26/2023
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 23.37
Low Date 05/04/2023
High 28.40
High Date 05/23/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 44.82
High Date 02/03/2023
Low 23.37
Low Date 05/04/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 57.00
High Date 01/18/2022
Low 23.37
Low Date 05/04/2023
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 41.21
Support 37.51
Low 14.12
Low Date 03/18/2020
High 57.00
High Date 01/18/2022
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.

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