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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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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 |
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Fifth Third Bancorp (FITB) |
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| Summary:
| | Weekly :  | | Daily :
Move cursor over the icon to see details.
| | It was a second positive week after 3 consecutive negative weeks for the Fifth Third Bancorp (FITB). During the week, the FITB climbed 0.16 points, or 0.64%, and closed at 25.26 on Friday, May 26, 2023. FITB was trading at average weekly trading volume.
 Long-term trend: [See FITB long-term trend chart]
A long-term downtrend had started on January 18, 2022 at 50.64 and reached 22.11 on March 13, 2023. FITB lost 28.53 points, or 56.34%, in 59 weeks. The chart has formed a Rectangle chart pattern. The downtrend support line (30.88) 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 FITB medium-term trend chart]
A medium-term downtrend had started on February 2, 2023 at 38.06 and reached 22.11 on March 13, 2023. FITB lost 15.95 points, or 41.91%, in 5 weeks. The price is now at the 19.75% retracement level.
 Weekly Technical Indicators: [See FITB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. 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 Williams' Percentage Range help.
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 FITB short-term trend chart]
A short-term uptrend had started on May 4, 2023 at 22.46 and reached 26.45 on May 23, 2023. FITB gained -3.99 points, or -17.76%, in 19 days. The price is now at the 29.82% retracement level.
 Daily Technical Indicators: [See FITB 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.
 Candlestick pattern: [See FITB candlestick chart pattern]
On Friday the chart has formed a Bearish Downside Tasuki Gap Candlestick pattern. This is a rare continuation formation that appears in a strongly downward moving market. The reliability of the Bearish Downside Tasuki Gap pattern is medium. Use the Technical Stock Screener to see the list of stocks that had a Bearish Downside Tasuki Gap Candlestick pattern during the last week.
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