The Greedy Trader Weekly Analysis
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Daily W%R:> 70
Number of records: 254
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- 12/13/2024 -
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PriceChg%DailyWklyDailyWklyDailyWklyMtlyQtlyYrlySectorIndustrySignalsRanksticksList
ABT 113.40-1.90%21.9554.85 2 39 1 Add to Watch List
ADBE 465.70-15.78%34.5937.91 7 83 5 12/09/24	Bearish  Dark Cloud Cover
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ADP 296.80-2.55%21.8671.97 7 85 1 Add to Watch List
AEE 89.84-2.12%12.7567.83 5 55 1 Add to Watch List
AEP 92.71-3.28%14.5626.33 5 42 1 Add to Watch List
AFL 104.50-2.62%12.0848.23 11 77 1 Add to Watch List
AIG 72.87-3.56%16.7942.67 11 70 1 12/13/24	Bullish  Doji
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AIZ 217.80-2.86%22.5176.92 11 97 1 Add to Watch List
AJG 284.60-4.08%15.7250.34 11 59 1 Add to Watch List
ALB 99.38-5.32%33.9866.36 1 27 2 Downtrend Broken Resist.12/10/24	Bullish  Side By Side White Lines
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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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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.