The Greedy Trader Weekly Analysis
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Daily W%R:< 20
Number of records: 10
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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

Nasdaq (^IXIC)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance lineBroken trend resistance line
Daily :Trend resistance at 11869.08
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It was the negative week for the Nasdaq (^IXIC). During the week, the ^IXIC gave back -65.94 points, or -0.55%, and closed at 11829.29 on Friday, November 13, 2020. Weekly volume was 28% above average.

Long-term trend: [See ^IXIC long-term trend chart]
A long-term uptrend had started on March 9, 2009 at 1265.52 and reached 12108.07 on November 9, 2020. ^IXIC gained -10842.55 points, or -856.77%, in 609 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (6759.36) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a long-term trend.

Medium-term trend: [See ^IXIC medium-term trend chart]
A medium-term uptrend had started on February 11, 2016 at 4209.76 and reached 12108.07 on November 9, 2020. ^IXIC gained -7898.31 points, or -187.62%, in 247 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (7157.49) is broken. Usually a broken resistance is considered to be a long-term bullish 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 resistance line in a medium-term trend.

Weekly Technical Indicators: [See ^IXIC 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 below its signal line since October 16, 2020. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.

Short-term trend: [See ^IXIC short-term trend chart]
A short-term uptrend had started on March 23, 2020 at 6631.42 and reached 12108.07 on November 9, 2020. ^IXIC gained -5476.65 points, or -82.59%, in 231 days. The chart has formed a Symmetric Triangle chart pattern. The price is near the trend resistance line (11869.08). The resistance is usually stronger when technical indicators are overbought. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with price testing the trend resistance line in a short-term trend.

Daily Technical Indicators: [See ^IXIC daily technical indicators chart]
Daily technical indicators are neutral.

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) 58.69
Williams' Percentage Range (W%R) 24.40
Lane's Stochastic (%D-Slow) 68.94
Greed/Fear Indicator (GFI) 67.76
Moving Average Converg./Diverg. (MACD) 75.56
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 59.57
Williams' Percentage Range (W%R) 12.80
Overbought
Lane's Stochastic (%D-Slow) 65.61
Greed/Fear Indicator (GFI) 68.59
Moving Average Converg./Diverg. (MACD) 579.88
Trading Signals
Description Value Chart
Upper Bollinger Band 12119.71
Daily Stochastic Crossing 11885.70
Weekly Trendline Resistance 11869.08
Price 11829.29
Weekly Stochastic Crossing 11500.63
20 Day Moving Average 11475.74
Weekly Trendline Support 11335.03
Parabolic System 11311.17
50 Day Moving Average 11301.43
Lower Bollinger Band 10948.03
Quarterly Trendline Resistance 10709.44
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 10519.49
Low Date 09/21/2020
High 12108.07
High Date 11/09/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Test Resistance
Resistance 11869.08
Support 11335.03
Low 6631.42
Low Date 03/23/2020
High 12108.07
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 6190.17
Low Date 12/24/2018
High 12108.07
High Date 11/09/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 10709.44
Support 7157.49
Low 4209.76
Low Date 02/11/2016
High 12108.07
High Date 11/09/2020
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 7609.02
Support 6759.36
Low 1265.52
Low Date 03/09/2009
High 12108.07
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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