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

Comerica Inc. (CMA)

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Summary:
Weekly :Broken trend support linePrice is near the Fibonacci 23.6% retracement level
Daily :
Move cursor over the icon to see details.

It was a second positive week after 3 consecutive negative weeks for the Comerica Inc. (CMA). During the week, the CMA gained 0.65 points, or 1.70%, and closed at 38.99 on Friday, May 26, 2023. Weekly volume was 44% above average.

Long-term trend: [See CMA long-term trend chart]
A long-term downtrend had started on February 10, 2022 at 102.09 and reached 28.40 on May 4, 2023. CMA lost 73.69 points, or 72.18%, in 64 weeks. The chart has formed a Falling Channel chart pattern. The downtrend support line (54.86) is broken. Usually a broken support is considered to be a long-term bearish 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 support in a long-term trend.

Medium-term trend: [See CMA medium-term trend chart]
A medium-term downtrend had started on February 9, 2023 at 77.34 and reached 28.40 on May 4, 2023. CMA lost 48.94 points, or 63.28%, in 12 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

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

The weekly MACD line is below its signal line since March 10, 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 CMA short-term trend chart]
A short-term uptrend had started on May 4, 2023 at 28.40 and reached 42.67 on May 23, 2023. CMA gained -14.27 points, or -50.25%, in 19 days. The chart has formed a Rising Wedge chart pattern.

Daily Technical Indicators: [See CMA 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. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term uptrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.80
Williams' Percentage Range (W%R) 32.70
Lane's Stochastic (%D-Slow) 75.72
Greed/Fear Indicator (GFI) 67.26
Moving Average Converg./Diverg. (MACD) -1.61
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.22
Williams' Percentage Range (W%R) 78.00
Lane's Stochastic (%D-Slow) 31.47
Greed/Fear Indicator (GFI) 30.24
Moving Average Converg./Diverg. (MACD) -7.88
Trading Signals
Description Value Chart
Upper Bollinger Band 44.40
50 Day Moving Average 40.63
Daily Stochastic Crossing 40.40
Price 38.99
20 Day Moving Average 36.83
Parabolic System 35.37
Weekly Stochastic Crossing 34.53
Lower Bollinger Band 32.64
Sector and Industry
Description Name Rank
Sector Financials 4
Industry Diversified Banks 45
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 28.40
Low Date 05/04/2023
High 42.67
High Date 05/23/2023
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 77.34
High Date 02/09/2023
Low 28.40
Low Date 05/04/2023
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 87.02
High Date 08/16/2022
Low 28.40
Low Date 05/04/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Broken Support
Resistance 74.52
Support 54.86
High 102.09
High Date 02/10/2022
Low 28.40
Low Date 05/04/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 24.28
Low Date 03/19/2020
High 102.09
High Date 02/10/2022
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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