The Greedy Trader Weekly Analysis
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Weekly W%R:> 80
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.

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- 4/19/2024 -
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Cboe Globa (CBOE) Technical Analysis

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Summary:
Weekly :Overbought sectorLane's Stochastic is oversold
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 first positive week for the Cboe Globa (CBOE). During the week, the CBOE gained 2.86 points, or 1.61%, and closed at 180.85 on Friday, April 19, 2024. It was the best weekly gain since February 23, 2024. CBOE was trading at average weekly trading volume.

CBOE 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 CBOE long-term trend chart]
A long-term uptrend had started on May 19, 2022 at 103.82 and reached 199.00 on February 26, 2024. CBOE gained -95.18 points, or -91.68%, in 92 weeks. The price is now at the 19.07% retracement level.

Medium-term trend: [See CBOE medium-term trend chart]
A medium-term downtrend had started on February 26, 2024 at 199.00 and reached 175.00 on April 17, 2024. CBOE lost 24.00 points, or 12.06%, in 7 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 174.89 and resistance is at 182.12. A Falling 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 Falling Channel chart pattern help, or use a Technical Stock Screener to see the list of stocks with Falling Channel pattern in a medium-term trend.

Weekly Technical Indicators: [See CBOE weekly technical indicators chart]
Weekly Lane's Stochastic is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold 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 link to access Lane's Stochastic help.

The weekly MACD line is below its signal line since March 1, 2024. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is near its high and getting bigger. It indicates that the current medium-term downtrend is strong. Use the following link to access a MACD help.

Short-term trend: [See CBOE short-term trend chart]
A short-term uptrend had started on April 17, 2024 at 175.00 and reached 181.03 on April 19, 2024. CBOE gained -6.03 points, or -3.45%, in 2 days. Price is near the trend high.

Daily Technical Indicators: [See CBOE 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) 47.68
Williams' Percentage Range (W%R) 65.30
Lane's Stochastic (%D-Slow) 32.55
Greed/Fear Indicator (GFI) 38.30
Moving Average Converg./Diverg. (MACD) -1.70
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 50.16
Williams' Percentage Range (W%R) 67.70
Lane's Stochastic (%D-Slow) 15.77
Oversold
Greed/Fear Indicator (GFI) 31.42
Moving Average Converg./Diverg. (MACD) 7.65
Trading Signals
Description Value Chart
50 Day Moving Average 184.34
Upper Bollinger Band 184.24
Quarterly Trendline Resistance 182.12
Price 180.85
20 Day Moving Average 179.78
Weekly Stochastic Crossing 178.11
Daily Stochastic Crossing 177.25
Lower Bollinger Band 175.98
Quarterly Trendline Support 174.89
Parabolic System 174.82
Sector and Industry
Description Name Rank
Sector Financials 9
Industry Financial Exchanges & Data 28
Daily Trend
Description Value
Direction Up
Chart Pattern Uptrend
Low 175.00
Low Date 04/17/2024
High 181.03
High Date 04/19/2024
Weekly Trend
Monthly Trend
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 175.00
Low Date 04/17/2024
High 181.03
High Date 04/19/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 184.43
High Date 04/04/2024
Low 175.00
Low Date 04/17/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 182.12
Support 174.89
High 199.00
High Date 02/26/2024
Low 175.00
Low Date 04/17/2024
Description Value
Direction Up
Chart Pattern Uptrend
Status
Resistance
Support
Low 103.82
Low Date 05/19/2022
High 199.00
High Date 02/26/2024
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.