The Greedy Trader Weekly Analysis
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Weekly 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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- 11/13/2020 -
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Archer-Daniels-Midland (ADM)

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Summary:
Weekly :Williams' Percentage Range is overboughtBroken trend resistance line
Daily :Daily  MACD line has moved above its signal lineThe price has risen above the Parabolic SARThe price moved above the moving average in the center of the Bollinger Bands
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It was a second consecutive positive week for the Archer-Daniels-Midland (ADM). During the week, the ADM gained 1.60 points, or 3.31%, and closed at 49.87 on Friday, November 13, 2020. Weekly volume was -20% below average.

Long-term trend: [See ADM long-term trend chart]
A long-term downtrend had started on October 8, 2018 at 52.07 and reached 28.92 on March 23, 2020. ADM lost 23.15 points, or 44.46%, in 76 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The downtrend resistance line (21.01) is broken. A broken support is considered to be a long-term bullish signal. 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 ADM medium-term trend chart]
A medium-term uptrend had started on March 23, 2020 at 28.92 and reached 52.05 on October 23, 2020. ADM gained -23.13 points, or -79.98%, in 30 weeks. The chart has formed a Rising Channel chart pattern. The trend support level is at 47.63 and resistance is at 53.73. A Rising Channel represents price movement contained between parallel lower (support) and upper (resistance) trend lines. Trading Channeling stocks is one of the most reliable and accurate trading techniques that provide traders with precise entry and exit points as well as stop-losses and take-profit recommendations. Use the following link to access a Rising Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Rising Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See ADM 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 May 29, 2020. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is low and getting smaller. It indicates that the current medium-term uptrend is getting weak. Use the following link to access a MACD help.

Short-term trend: [See ADM short-term trend chart]
A short-term uptrend had started on October 30, 2020 at 45.68 and reached 51.39 on November 9, 2020. ADM gained -5.71 points, or -12.5%, in 10 days. The price is now at the 26.62% retracement level.

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

During the last week, daily MACD line has moved above its signal line. Such crossover is considered a bullish signal.

During the last week, the price has risen above the Parabolic SAR (stop and reversal). A Parabolic SAR below the price is a bullish signal, and it indicates that momentum is likely to remain in the upward 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 price has moved above the moving average in the center of the Bollinger Bands. 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.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 45.63
Williams' Percentage Range (W%R) 37.80
Lane's Stochastic (%D-Slow) 69.22
Greed/Fear Indicator (GFI) 59.01
Moving Average Converg./Diverg. (MACD) 0.29
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 63.14
Williams' Percentage Range (W%R) 16.60
Overbought
Lane's Stochastic (%D-Slow) 72.95
Greed/Fear Indicator (GFI) 71.60
Moving Average Converg./Diverg. (MACD) 2.12
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 53.73
Upper Bollinger Band 52.13
Monthly Trendline Resistance 51.15
Daily Stochastic Crossing 49.95
Price 49.87
Weekly Stochastic Crossing 49.68
Monthly Trendline Support 49.63
20 Day Moving Average 49.53
50 Day Moving Average 48.22
Quarterly Trendline Support 47.63
Parabolic System 46.08
Lower Bollinger Band 46.04
Yearly Trendline Resistance 43.47
Sector and Industry
Description Name Rank
Sector Consumer Staples 5
Industry Agricultural Products 107
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 48.84
Low Date 11/11/2020
High 50.03
High Date 11/13/2020
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 45.68
Low Date 10/30/2020
High 51.39
High Date 11/09/2020
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Valid
Resistance 51.15
Support 49.63
High 52.05
High Date 10/23/2020
Low 45.68
Low Date 10/30/2020
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Valid
Resistance 53.73
Support 47.63
Low 28.92
Low Date 03/23/2020
High 52.05
High Date 10/23/2020
Description Value
Direction Down
Chart Pattern Broadening Descending Wedge
Status Broken Resistance
Resistance 43.47
Support 21.01
High 52.07
High Date 10/08/2018
Low 28.92
Low Date 03/23/2020
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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