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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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- 4/5/2024 -
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Crown Castle Intl Corp (CCI) Technical Analysis

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Summary:
Weekly :Oversold sectorBroken trend support line
Daily :Williams' Percentage Range is oversoldRelative Strength Index, Lane's Stochastic and MACD bullish divergence
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It was the negative week for the Crown Castle Intl Corp (CCI). During the week, the CCI dropped -5.05 points, or -4.77%, and closed at 100.78 on Friday, April 5, 2024. Weekly volume was -20% below average.

CCI is a member of Real Estate Sector. Real Estate is the second most oversold 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 CCI long-term trend chart]
A long-term downtrend had started on December 31, 2021 at 209.87 and reached 84.72 on October 23, 2023. CCI lost 125.15 points, or 59.63%, in 94 weeks. The chart has formed a Falling Channel chart pattern. The trend support level is at 59.67 and resistance is at 106.81. 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 long-term trend.

Medium-term trend: [See CCI medium-term trend chart]
A medium-term uptrend had started on October 23, 2023 at 84.72 and reached 119.50 on December 5, 2023. CCI gained -34.78 points, or -41.05%, in 6 weeks. The chart has formed a Symmetric Triangle chart pattern. The uptrend support line (112.13) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. CCI may retest the broken support line. It is considered to be a resistance line now. 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 medium-term trend.

Weekly Technical Indicators: [See CCI weekly technical indicators chart]
Weekly technical indicators are neutral.

The weekly MACD line is below its signal line since March 22, 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 CCI short-term trend chart]
A short-term downtrend had started on March 5, 2024 at 114.75 and reached 100.16 on April 5, 2024. CCI lost 14.59 points, or 12.71%, in 31 days. The chart has formed a Falling Channel chart pattern. The trend support level is at 97.61 and resistance is at 101.87. 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 short-term trend.

Daily Technical Indicators: [See CCI daily technical indicators chart]
Daily Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with daily strongly oversold Williams' Percentage Range. Daily Relative Strength Index, Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Relative Strength Index, Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Relative Strength Index, Lane's Stochastic and MACD bullish 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 daily MACD line is below its signal line since March 13, 2024. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 32.97
Bullish
Williams' Percentage Range (W%R) 97.00
Strong Oversold
Lane's Stochastic (%D-Slow) 22.39
Bullish
Greed/Fear Indicator (GFI) 19.47
Oversold
Moving Average Converg./Diverg. (MACD) -1.48 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.97
Williams' Percentage Range (W%R) 73.40
Lane's Stochastic (%D-Slow) 31.17
Greed/Fear Indicator (GFI) 33.09
Moving Average Converg./Diverg. (MACD) -0.13
Trading Signals
Description Value Chart
Quarterly Trendline Resistance 113.04
Quarterly Trendline Support 112.13
Upper Bollinger Band 111.71
50 Day Moving Average 107.28
Yearly Trendline Resistance 106.81
20 Day Moving Average 105.32
Weekly Stochastic Crossing 103.55
Parabolic System 103.36
Weekly Trendline Resistance 101.87
Daily Stochastic Crossing 101.13
Price 100.78
Lower Bollinger Band 97.81
Weekly Trendline Support 97.61
Sector and Industry
Description Name Rank
Sector Real Estate 2
Industry Specialized REITs 30
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 106.52
High Date 03/28/2024
Low 100.16
Low Date 04/05/2024
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 101.87
Support 97.61
High 114.75
High Date 03/05/2024
Low 100.16
Low Date 04/05/2024
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 119.50
High Date 12/05/2023
Low 100.16
Low Date 04/05/2024
Quarterly Trend
Yearly Trend
Description Value
Direction Up
Chart Pattern Symmetric Triangle
Status Broken Support
Resistance 113.04
Support 112.13
Low 84.72
Low Date 10/23/2023
High 119.50
High Date 12/05/2023
Description Value
Direction Down
Chart Pattern Falling Channel
Status Valid
Resistance 106.81
Support 59.67
High 209.87
High Date 12/31/2021
Low 84.72
Low Date 10/23/2023
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.