The Greedy Trader Weekly Analysis
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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.

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- 3/15/2024 -
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Analog Devices (ADI) Technical Analysis

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Summary:
Weekly :Overbought sector
Daily :The price has fallen below the Parabolic SARWilliams' Percentage Range is oversold20 Day Moving Average has crossed above the 50 Day Moving Average
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It was the negative week for the Analog Devices (ADI). During the week, the ADI gave back -0.74 points, or -0.38%, and closed at 195.20 on Friday, March 15, 2024. Weekly volume was 51% above average.

ADI is a member of Information Technology Sector. Information Technology is the second 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 ADI long-term trend chart]
A long-term uptrend had started on October 13, 2022 at 133.48 and reached 202.75 on December 15, 2023. ADI gained -69.27 points, or -51.90%, in 61 weeks. The price is now at the 10.90% retracement level.

Medium-term trend: [See ADI medium-term trend chart]
A medium-term uptrend had started on October 30, 2023 at 154.99 and reached 202.75 on December 15, 2023. ADI gained -47.76 points, or -30.81%, in 6 weeks. The price is now at the 15.81% retracement level.

Weekly Technical Indicators: [See ADI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is above its signal line since November 24, 2023. 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 ADI short-term trend chart]
A short-term uptrend had started on January 4, 2024 at 181.81 and reached 202.44 on January 24, 2024. ADI gained -20.63 points, or -11.35%, in 20 days. The chart has formed a Broadening Ascending Wedge chart pattern. The trend support level is at 186.48 and resistance is at 200.44. A Broadening Ascending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Ascending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Ascending Wedge pattern in a short-term trend.

Daily Technical Indicators: [See ADI daily technical indicators chart]
Daily Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with daily 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 daily MACD line is above its signal line since February 29, 2024. This is an indication that the short-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current short-term uptrend is getting weak.

During the last week, the price has fallen below the Parabolic SAR (stop and reversal). A Parabolic SAR above the price is a bearish signal, and it indicates that momentum is likely to remain in the downward direction. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

During the last week, the 20 Day Moving Average has advanced above the 50 Day Moving Average. Such crossover is considered a bullish 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) 58.68
Williams' Percentage Range (W%R) 80.30
Oversold
Lane's Stochastic (%D-Slow) 76.41
Greed/Fear Indicator (GFI) 51.59
Moving Average Converg./Diverg. (MACD) 1.07
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 58.23
Williams' Percentage Range (W%R) 29.30
Lane's Stochastic (%D-Slow) 51.24
Greed/Fear Indicator (GFI) 57.14
Moving Average Converg./Diverg. (MACD) 3.18
Trading Signals
Description Value Chart
Upper Bollinger Band 201.42
Weekly Trendline Resistance 200.44
Parabolic System 200.10
Daily Stochastic Crossing 196.91
Price 195.20
Weekly Stochastic Crossing 193.61
20 Day Moving Average 193.16
50 Day Moving Average 192.21
Lower Bollinger Band 186.73
Weekly Trendline Support 186.48
Sector and Industry
Description Name Rank
Sector Information Technology 8
Industry Semiconductors 59
Daily Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Low 183.01
Low Date 02/13/2024
High 199.90
High Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Valid
Resistance 200.44
Support 186.48
Low 181.81
Low Date 01/04/2024
High 202.44
High Date 01/24/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 154.99
Low Date 10/30/2023
High 202.75
High Date 12/15/2023
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 133.48
Low Date 10/13/2022
High 202.75
High Date 12/15/2023
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 15.29
Low Date 12/05/2008
High 202.75
High Date 12/15/2023
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.