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Daily W%R Divergence:Bearish
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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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- 5/3/2024 -
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Ameriprise Financial (AMP) Technical Analysis

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Summary:
Weekly :Overbought sectorBroken trend resistance lineBroken trend resistance line
Daily :Broken trend support line20 Day Moving Average has crossed below the 50 Day Moving AverageDaily  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 first positive week for the Ameriprise Financial (AMP). During the week, the AMP gained 8.94 points, or 2.18%, and closed at 418.95 on Friday, May 3, 2024. It was the best weekly gain since March 22, 2024. Weekly volume was -18% below average.

AMP is a member of Financials Sector. Financials 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 AMP long-term trend chart]
A long-term uptrend had started on November 21, 2008 at 11.74 and reached 440.67 on April 4, 2024. AMP gained -428.93 points, or -3653.58%, in 801 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend resistance line (149.08) 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 AMP medium-term trend chart]
A medium-term uptrend had started on March 18, 2020 at 80.01 and reached 440.67 on April 4, 2024. AMP gained -360.66 points, or -450.77%, in 211 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend resistance line (336.64) 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 AMP weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since April 19, 2024. The distance between MACD and the signal line is low, but getting bigger. Use the following link to access a MACD help.

Short-term trend: [See AMP short-term trend chart]
A short-term uptrend had started on October 25, 2023 at 306.63 and reached 440.67 on April 4, 2024. AMP gained -134.04 points, or -43.71%, in 162 days. The chart has formed a Rising Wedge chart pattern. The uptrend support line (451.15) is broken. A broken support is considered to be a long-term bearish 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 support in a short-term trend.

Daily Technical Indicators: [See AMP 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.

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) 57.67
Williams' Percentage Range (W%R) 57.20
Lane's Stochastic (%D-Slow) 59.37
Greed/Fear Indicator (GFI) 53.28
Moving Average Converg./Diverg. (MACD) -1.84
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 64.90
Williams' Percentage Range (W%R) 28.20
Lane's Stochastic (%D-Slow) 56.44
Greed/Fear Indicator (GFI) 61.76
Moving Average Converg./Diverg. (MACD) 20.28
Trading Signals
Description Value Chart
Weekly Trendline Resistance 458.78
Weekly Trendline Support 451.15
Upper Bollinger Band 431.02
Weekly Stochastic Crossing 420.55
50 Day Moving Average 419.57
Price 418.95
20 Day Moving Average 416.54
Daily Stochastic Crossing 412.80
Lower Bollinger Band 402.74
Parabolic System 401.29
Quarterly Trendline Resistance 375.08
Monthly Trendline Resistance 359.00
Monthly Trendline Support 345.47
Quarterly Trendline Support 336.64
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Asset Management & Custody Banks 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 440.67
High Date 04/04/2024
Low 401.69
Low Date 04/25/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 458.78
Support 451.15
Low 306.63
Low Date 10/25/2023
High 440.67
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Ascending Triangle
Status Broken Resistance
Resistance 359.00
Support 345.47
Low 219.99
Low Date 07/14/2022
High 440.67
High Date 04/04/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Resistance
Resistance 375.08
Support 336.64
Low 80.01
Low Date 03/18/2020
High 440.67
High Date 04/04/2024
Description Value
Direction Up
Chart Pattern Broadening Ascending Wedge
Status Broken Resistance
Resistance 294.38
Support 149.08
Low 11.74
Low Date 11/21/2008
High 440.67
High Date 04/04/2024
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.