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

Albemarle Corp (ALB)

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Summary:
Weekly :Broken uptrend resistance line - uptrend exhaustionLane's Stochastic is overboughtWilliams' Percentage Range is strongly overboughtStochastic has declined below the signal lineRelative Strength Index bearish divergence
Daily :Williams' Percentage Range is strongly overboughtLane's Stochastic bearish divergence
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It was the negative week for the Albemarle Corp (ALB). During the week, the ALB gave back -0.69 points, or -0.29%, and closed at 241.17 on Friday, September 10, 2021. Weekly volume was -86% below average.

Long-term trend: [See ALB long-term trend chart]
A long-term uptrend had started on March 23, 2020 at 48.89 and reached 253.10 on September 10, 2021. ALB gained -204.21 points, or -417.69%, in 76 weeks. The price is now at the 5.84% retracement level.

Medium-term trend: [See ALB medium-term trend chart]
A medium-term uptrend had started on March 5, 2021 at 133.82 and reached 253.10 on September 10, 2021. ALB gained -119.28 points, or -89.13%, in 27 weeks. The chart has formed a Rising Channel chart pattern. The uptrend resistance line (173.36) 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 medium-term trend.

Weekly Technical Indicators: [See ALB weekly technical indicators chart]
Weekly Lane's Stochastic is overbought while Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with overbought weekly Lane's Stochastic or strongly overbought weekly Williams' Percentage Range. During the last week, weekly Lane's Stochastic main line (%K) has declined below the overbought signal line (%D). Such crossover is considered a bearish signal. Weekly Relative Strength Index has bearish divergence. Use the following links to access the Relative Strength Index help, or use the Technical Stock Screener to see the list of stocks with weekly Relative Strength Index bearish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. 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 links to access Lane's Stochastic, Relative Strength Index and Williams' Percentage Range help.

The weekly MACD line is above its signal line since July 9, 2021. This is an indication that the medium-term trend is up. The distance between MACD and the signal line is relatively high, but getting smaller. It indicates that the current medium-term uptrend is still strong, and momentum is beginning to wane. Use the following link to access a MACD help.

Short-term trend: [See ALB short-term trend chart]
A short-term uptrend had started on September 8, 2021 at 235.34 and reached 253.10 on September 10, 2021. ALB gained -17.76 points, or -7.55%, in 2 days. The price is now at the 67.17% retracement level.

Daily Technical Indicators: [See ALB daily technical indicators chart]
Daily Williams' Percentage Range is strongly overbought. Use the Technical Stock Screener to see the list of stocks with strongly overbought daily overbought Williams' Percentage Range. Daily Lane's Stochastic has bearish divergence. Use the following links to access the Lane's Stochastic help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic bearish divergence.

The daily MACD line is below its signal line since September 2, 2021. The distance between MACD and the signal line is low, but getting bigger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 74.48
Williams' Percentage Range (W%R) 7.70
Strong Overbought
Lane's Stochastic (%D-Slow) 58.73
Bearish
Greed/Fear Indicator (GFI) 75.18
Moving Average Converg./Diverg. (MACD) 9.33
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 75.77
Bearish
Williams' Percentage Range (W%R) 3.10
Strong Overbought
Lane's Stochastic (%D-Slow) 87.50
Overbought
Greed/Fear Indicator (GFI) 83.78
Overbought
Moving Average Converg./Diverg. (MACD) 17.01
Trading Signals
Description Value Chart
Upper Bollinger Band 250.63
Daily Stochastic Crossing 242.93
Price 241.17
Weekly Stochastic Crossing 240.98
20 Day Moving Average 232.42
Parabolic System 230.39
Lower Bollinger Band 213.80
50 Day Moving Average 210.59
Quarterly Trendline Resistance 196.46
Sector and Industry
Description Name Rank
Sector Materials 6
Industry Specialty Chemicals 62
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 235.34
Low Date 09/08/2021
High 253.10
High Date 09/10/2021
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 210.52
Low Date 08/19/2021
High 253.10
High Date 09/10/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 157.81
Low Date 06/18/2021
High 253.10
High Date 09/10/2021
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Channel
Status Broken Resistance
Resistance 196.46
Support 173.36
Low 133.82
Low Date 03/05/2021
High 253.10
High Date 09/10/2021
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 48.89
Low Date 03/23/2020
High 253.10
High Date 09/10/2021
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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