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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
- 5/10/2024 -
Sign In to see current Signals. |
Centene Corporation (CNC) Technical Analysis
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| Summary:
| | | Weekly : | | Daily :
Move cursor over the icon to see details.
| | It was a second consecutive positive week for the Centene Corporation (CNC). During the week, the CNC gained 2.98 points, or 3.98%, and closed at 77.79 on Friday, May 10, 2024. Weekly volume was -10% below average.
 Long-term trend: [See CNC long-term trend chart]
A long-term downtrend had started on August 15, 2022 at 98.53 and reached 60.84 on September 1, 2023. CNC lost 37.69 points, or 38.25%, in 54 weeks. The price is now at the 44.97% retracement level.
Medium-term trend: [See CNC medium-term trend chart]
A medium-term downtrend had started on February 26, 2024 at 81.42 and reached 70.06 on May 1, 2024. CNC lost 11.36 points, or 13.95%, in 9 weeks. The price is now at the 68.05% retracement level.
 Weekly Technical Indicators: [See CNC weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is below its signal line since March 28, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.
 Short-term trend: [See CNC short-term trend chart]
A short-term uptrend had started on May 1, 2024 at 70.06 and reached 78.58 on May 10, 2024. CNC gained -8.52 points, or -12.16%, in 9 days. The price is now at the 9.27% retracement level.
 Daily Technical Indicators: [See CNC daily technical indicators chart]
Daily Williams' Percentage Range is overbought while Lane's Stochastic is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range or strongly 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 links to access Lane's Stochastic and Williams' Percentage Range help.
The daily MACD line is above its signal line since April 17, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is relatively high and getting bigger. It indicates that the current short-term uptrend is strong.
During the last week, the price has advanced above the 50 Day Moving Average. While the medium-term trend is down and daily technical indicators are overbought, the 50 Day Moving Average is considered a resistance level. 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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