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Daily W%R:< 20
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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

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- 11/20/2020 -
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S&P 500 (^GSPC)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionWilliams' Percentage Range is overbought
Daily :Williams' Percentage Range is overboughtPrice is near the Fibonacci 23.6% retracement level
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It was the negative week for the S&P 500 (^GSPC). During the week, the ^GSPC gave back -27.61 points, or -0.77%, and closed at 3557.54 on Friday, November 20, 2020. ^GSPC was trading at average weekly trading volume.

Long-term trend: [See ^GSPC long-term trend chart]
A long-term uptrend had started on March 6, 2009 at 666.79 and reached 3645.99 on November 9, 2020. ^GSPC gained -2979.20 points, or -446.80%, in 609 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (2738.79) is broken, while daily and weekly technical indicators are overbought. Uptrend is exhausted and trend reversal is possible soon. 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 resistance line in a long-term trend.

Medium-term trend: [See ^GSPC medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 2191.86 and reached 3645.99 on November 9, 2020. ^GSPC gained -1454.13 points, or -66.34%, in 33 weeks. The price is now at the 6.08% retracement level.

Weekly Technical Indicators: [See ^GSPC weekly technical indicators chart]
Weekly Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly 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 above its signal line since November 6, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term uptrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See ^GSPC short-term trend chart]
A short-term uptrend had started on October 30, 2020 at 3233.94 and reached 3645.99 on November 9, 2020. ^GSPC gained -412.05 points, or -12.74%, in 10 days. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Daily Technical Indicators: [See ^GSPC daily technical indicators chart]
Daily Williams' Percentage Range is overbought. Use the Technical Stock Screener to see the list of stocks with overbought daily Williams' Percentage Range.

The daily MACD line is above its signal line since November 4, 2020. This is an indication that the short-term trend is up.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.86
Williams' Percentage Range (W%R) 16.20
Overbought
Lane's Stochastic (%D-Slow) 62.49
Greed/Fear Indicator (GFI) 73.72
Moving Average Converg./Diverg. (MACD) 41.45
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.50
Williams' Percentage Range (W%R) 12.60
Overbought
Lane's Stochastic (%D-Slow) 64.22
Greed/Fear Indicator (GFI) 67.76
Moving Average Converg./Diverg. (MACD) 101.61
Trading Signals
Description Value Chart
Upper Bollinger Band 3743.43
Daily Stochastic Crossing 3579.15
Price 3557.54
Weekly Stochastic Crossing 3500.64
20 Day Moving Average 3476.00
Parabolic System 3475.76
50 Day Moving Average 3427.28
Lower Bollinger Band 3279.19
Yearly Trendline Resistance 3092.48
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 3233.94
Low Date 10/30/2020
High 3645.99
High Date 11/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 3209.45
Low Date 09/24/2020
High 3645.99
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 2191.86
Low Date 03/23/2020
High 3645.99
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 1810.10
Low Date 02/11/2016
High 3645.99
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 3092.48
Support 2738.79
Low 666.79
Low Date 03/06/2009
High 3645.99
High Date 11/09/2020
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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