The Greedy Trader Weekly Analysis
Sign In Mar 22, 2024
Skip Navigation Links
TA Search
Daily W%R:< 10
Number of records: 5
Share
Symbol:  

• Symbol Lookup
• View Technical Chart
• Add to Watch List
• Candlestick Patterns
• Stock Technical Indicators
• Stock Trends Analysis
• Market Sector Rank
• Stock Trading Signals

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.

Advanced TA Search

Archive
- 3/15/2024 -
Sign In to see current Signals.

Boeing Company (BA) Technical Analysis

Subscribe to TheGreedyTrader Weekly Alerts
Summary:
Weekly :Overbought sectorBroken trend resistance lineWilliams' Percentage Range and Lane's Stochastic are oversold
Daily :Daily  MACD line has moved below its signal lineWilliams' Percentage Range and Lane's Stochastic are oversold
Move cursor over the icon to see details.

It was the negative week for the Boeing Company (BA). During the week, the BA dropped -15.96 points, or -8.04%, and closed at 182.53 on Friday, March 15, 2024. It was the worst weekly loss since January 12, 2024. Weekly volume was 90% above average.

BA is a member of Industrials Sector. Industrials 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 BA long-term trend chart]
A long-term downtrend had started on March 1, 2019 at 446.01 and reached 89.00 on March 18, 2020. BA lost 357.01 points, or 80.05%, in 54 weeks. The chart has formed a Symmetric Triangle chart pattern. The downtrend resistance line (131.73) 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 BA medium-term trend chart]
A medium-term downtrend had started on December 21, 2023 at 267.54 and reached 180.52 on March 14, 2024. BA lost 87.02 points, or 32.53%, in 12 weeks. Price is near the trend low.

Weekly Technical Indicators: [See BA weekly technical indicators chart]
Weekly Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with weekly strongly oversold Williams' Percentage Range and Lane's Stochastic. 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 and Williams' Percentage Range help.

The weekly MACD line is below its signal line since January 19, 2024. This is an indication that the medium-term trend is down. Use the following link to access a MACD help.

Short-term trend: [See BA short-term trend chart]
A short-term downtrend had started on February 28, 2024 at 208.10 and reached 180.52 on March 14, 2024. BA lost 27.58 points, or 13.25%, in 15 days. The price is now at the 7.29% retracement level.

Daily Technical Indicators: [See BA daily technical indicators chart]
Daily Williams' Percentage Range and Lane's Stochastic are strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range and Lane's Stochastic.

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

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 27.50
Williams' Percentage Range (W%R) 98.30
Strong Oversold
Lane's Stochastic (%D-Slow) 6.36
Strong Oversold
Greed/Fear Indicator (GFI) 11.86
Oversold
Moving Average Converg./Diverg. (MACD) -5.20
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 21.63
Williams' Percentage Range (W%R) 94.80
Strong Oversold
Lane's Stochastic (%D-Slow) 6.91
Strong Oversold
Greed/Fear Indicator (GFI) 14.42
Oversold
Moving Average Converg./Diverg. (MACD) 1.26
Trading Signals
Description Value Chart
Upper Bollinger Band 212.29
50 Day Moving Average 206.99
Parabolic System 198.62
20 Day Moving Average 197.54
Weekly Stochastic Crossing 182.65
Price 182.53
Daily Stochastic Crossing 181.52
Lower Bollinger Band 180.46
Sector and Industry
Description Name Rank
Sector Industrials 12
Industry Aerospace & Defense 55
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 203.80
High Date 03/08/2024
Low 180.52
Low Date 03/14/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 208.10
High Date 02/28/2024
Low 180.52
Low Date 03/14/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 267.54
High Date 12/21/2023
Low 180.52
Low Date 03/14/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 113.02
Low Date 06/14/2022
High 267.54
High Date 12/21/2023
Description Value
Direction Down
Chart Pattern Symmetric Triangle
Status Broken Resistance
Resistance 31.82
Support 131.73
High 446.01
High Date 03/01/2019
Low 89.00
Low Date 03/18/2020
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.