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

AbbVie (ABBV)

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Summary:
Weekly :Overbought sectorWilliams' Percentage Range is oversoldPrice is near the Fibonacci 23.6% retracement level
Daily :20 Day Moving Average has crossed below the 50 Day Moving AverageLane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldThe period of high volatility of the stock price
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It was the negative week for the AbbVie (ABBV). During the week, the ABBV dropped -4.94 points, or -4.43%, and closed at 106.68 on Friday, September 10, 2021. Weekly volume was 47% above average.

ABBV is a member of Health Care Sector. Health Care is the most overbought sector. Sector/industry rotation is considered a proven strategy to beat the market. Use the following links to find overbought/oversold technical indicators by Sector or by Industry.

Long-term trend: [See ABBV long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 62.55 and reached 121.53 on September 1, 2021. ABBV gained -58.98 points, or -94.29%, in 75 weeks. Price is near the Fibonacci 23.6% retracement level. The Fibonacci retracement level is considered a support/resistance level.

Medium-term trend: [See ABBV medium-term trend chart]
A medium-term uptrend had started on October 29, 2020 at 79.11 and reached 121.53 on September 1, 2021. ABBV gained -42.42 points, or -53.62%, in 43 weeks. The price is now at the 35.01% retracement level.

Weekly Technical Indicators: [See ABBV weekly technical indicators chart]
Weekly Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly 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 June 18, 2021. Use the following link to access a MACD help.

Short-term trend: [See ABBV short-term trend chart]
A short-term downtrend had started on September 3, 2021 at 112.07 and reached 106.36 on September 10, 2021. ABBV lost 5.71 points, or 5.10%, in 7 days. The price is now at the 5.60% retracement level.

Daily Technical Indicators: [See ABBV daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 31, 2021. This is an indication that the short-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current short-term downtrend is strong.

The distance between the Bollinger Bands is 100.88% higher then one year average. It indicates the period of high volatility of the stock price. The Bollinger Bands are often used with a non-oscillator indicator like chart patterns or a trendline. The signals are considered more reliable if these indicators confirm the recommendation of the Bollinger Bands. Use the following links to access the Bollinger Bands Help, or use the Technical Stock Screener to see the list of stocks with the price above the Upper Bollinger Band or below the Lower Bollinger Band.

During the last week, the 20 Day Moving Average has crossed below the 50 Day Moving Average. Such crossover is considered a bearish signal. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 20.04
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 18.74
Oversold
Greed/Fear Indicator (GFI) 15.91
Oversold
Moving Average Converg./Diverg. (MACD) -0.82
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 41.19
Williams' Percentage Range (W%R) 91.10
Strong Oversold
Lane's Stochastic (%D-Slow) 59.09
Greed/Fear Indicator (GFI) 36.90
Moving Average Converg./Diverg. (MACD) 3.24
Trading Signals
Description Value Chart
Upper Bollinger Band 123.53
Parabolic System 118.68
50 Day Moving Average 116.19
Weekly Stochastic Crossing 116.00
20 Day Moving Average 115.93
Daily Stochastic Crossing 108.33
Price 106.68
Lower Bollinger Band 104.65
Sector and Industry
Description Name Rank
Sector Health Care 9
Industry Pharmaceuticals 65
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 112.07
High Date 09/03/2021
Low 106.36
Low Date 09/10/2021
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 112.07
High Date 09/03/2021
Low 106.36
Low Date 09/10/2021
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 121.53
High Date 09/01/2021
Low 106.36
Low Date 09/10/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 79.11
Low Date 10/29/2020
High 121.53
High Date 09/01/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 62.55
Low Date 03/23/2020
High 121.53
High Date 09/01/2021
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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